March 9, 2022/US SEC On March 2, 2022, the United States District Court for the Southern District of New York entered final judgment against Defendant Stefan H. Qin, which concluded the SEC’s case against Qin, the founder and operator of Virgil Sigma Fund LP, a fraudulent investment fund Qin formed […]
Frauds & Scandals
SEC Charges Siblings in $124 Million Crypto Fraud Operation that included Misleading Roadshows, YouTube Videos
March 8, 2022/US SEC The Securities and Exchange Commission today charged siblings John and JonAtina (Tina) Barksdale with defrauding thousands of retail investors out of more than $124 million through two unregistered fraudulent offerings of securities involving a digital token called “Ormeus Coin.” According to the SEC’s complaint, from June […]
SEC Charges Previously-Barred Investment Adviser with Fraud
March 7, 2022/US SEC The Securities and Exchange Commission today charged a previously-barred North Carolina-based investment adviser with lying to retail investors about the use and value of their investments. The SEC’s complaint alleges that, starting in approximately February 2019, David W. Schamens solicited investments in a purported pooled investment […]
