April 19, 2022/US SEC On April 18, 2022, the Securities and Exchange Commission filed an emergency action and charged Wilmington, North Carolina-based broker and investment adviser Shawn Good with defrauding clients and misappropriating millions of dollars of investor funds. According to the SEC’s complaint, filed in the United States District […]
Frauds & Scandals
SEC Uncovers $194 Million Penny Stock Schemes that Spanned Three Continents
16 defendants charged in international ‘pump and dump’ plots April 18, 2022/US SEC The Securities and Exchange Commission today announced charges against 16 defendants, located in the Bahamas, the British Virgin Islands, Bulgaria, Canada, the Cayman Islands, Monaco, Spain, Turkey, and the United Kingdom, for participating in multi-year fraudulent penny […]
SEC Charges Senior Executive of Brazilian Company with Fraud
April 18, 2022/US SEC The Securities and Exchange Commission today announced charges against Fernando Passos, the former executive vice president of finance and investor relations of Brazilian reinsurance company IRB Brasil Resseguros S.A., for allegedly planting a false story with the media and disseminating false documents claiming that Berkshire Hathaway […]
