March 31, 2022/US SEC The Securities and Exchange Commission obtained a final judgment on March 30, 2022, against a hedge fund adviser and his investment advisory firm. According to the SEC’s complaint, filed in September 2018, Gregory Lemelson and Massachusetts-based Lemelson Capital Management, LLC (“LCM”) were charged with making false […]
Frauds & Scandals
SEC Obtains Final Judgment Against Defendants Charged with Fraud Involving Sham Bottling Company
March 31, 2022/US SEC On March 30, 2022, the Securities and Exchange Commission obtained a final judgment against Tra Jay Scarlett, Chatfield PCS Ltd., and GO ECO Manufacturing, Inc., who were charged for their roles in an offering fraud involving misappropriation of investor assets. The judgment requires the defendants to […]
SEC Charges Seven California Residents in Insider Trading Ring
March 29, 2022/US SEC The Securities and Exchange Commission today announced insider trading charges against three software engineers employed at Twilio, Inc., a San Francisco-based cloud computing communications company, and four family members and friends for allegedly generating more than $1 million in collective profits by insider trading ahead of […]
