April 5, 2022/US SEC The Securities and Exchange Commission today charged Melville ten Cate, a U.S. citizen residing abroad, with fraud stemming from his allegedly phony offer to purchase Textron – a large U.S.-listed aircraft, defense, and industrial company. The SEC’s complaint, filed in federal district court in Manhattan, alleges […]
Frauds & Scandals
SEC Obtains Final Judgments from Two Defendants for Their Roles in $45 Million Fraudulent Scheme
April 5, 2022/US SEC On April 4, 2022, the U.S. District Court for the Southern District of New York entered final judgments against Chrysilios Chrysiliou and Panagiotis Bolovis for their respective roles in a fraudulent scheme to gain control of Airborne Wireless Network, promote its stock, and defraud investors. According […]
SEC Charges California Investment Adviser for Undisclosed Conflicts of Interest Related To Real Estate Ponzi Scheme
April 1, 2022/US SEC The Securities and Exchange Commission charged a Marin, California resident and his investment firm for their roles selling securities in Professional Financial Investors, Inc. (“PFI”), a Marin County, California real estate investment and management company that defrauded investors. The SEC’s complaint, filed in the U.S. District […]
