Company also agrees to attempt to bring its business into compliance with the Investment Company Act of 1940 within 60 days February 14, 2022/US SEC The Securities and Exchange Commission today charged BlockFi Lending LLC (BlockFi) with failing to register the offers and sales of its retail crypto lending product. […]
Frauds & Scandals
SEC Obtains Summary Judgment Against California Investment Adviser Charged with Stealing from Advisory Clients
February 11, 2022/US SEC The Securities and Exchange Commission announced that on February 8, 2022, Chief Judge Dana M. Sabraw of the United States District Court for the Southern District of California granted the SEC’s motion for summary judgment on the issue of liability against California-based investment adviser Mark J. […]
SEC Obtains Final Judgment Against Seyed Taher Kameli for Defrauding Eb-5 Investors
February 11, 2022/US SEC On January 24, 2022, the United States District Court for the Northern District of Illinois entered a final judgment against Seyed Taher Kameli, a Chicago-based immigration attorney, for defrauding investors participating in the EB-5 immigrant investor program. According to the SEC’s Second Amended Complaint, filed in […]
