January 26, 2022/US SEC On January 21, 2022, the Securities and Exchange Commission charged German Nino, a former securities broker and investment adviser representative for UBS Financial Services Inc., with stealing $5.8 million from a long-standing client. The SEC’s complaint alleges that Nino, of Weston, Florida, stole the investment funds […]
Frauds & Scandals
SEC Obtains Final Judgment Against Detroit Area Businessperson Who Fraudulently Used Investors Funds to Play Michigan State Lottery
January 24, 2022/US SEC On January 24, 2022, the U.S. District Court for the Eastern District of Michigan entered a Final Judgment against Viktor Gjonaj, whom the SEC previously charged for allegedly defrauding members of the Albanian-American community out of approximately $26.4 million, some of which he spent playing the […]
SEC Issues Awards Totaling More Than $40 Million to Four Whistleblowers
January 22, 2022/US SEC The Securities and Exchange Commission today announced three awards totaling more than $40 million to four whistleblowers who provided information and assistance in three separate covered actions. In the first order, the SEC issued an award of approximately $37 million to two joint whistleblowers who provided […]
