February 9, 2022/US SEC The Securities and Exchange Commission announced fraud charges against six U.S. nationals allegedly involved in operating and laundering money for overseas boiler rooms that bilked more than 140 victims of more than $8 million. The SEC alleges that Michael D’Urso (“D’Urso), Daniel T. Wellcome Jr., Alyssa […]
Frauds & Scandals
SEC Charges Social Media Stock Promoter with Penny Stock Fraud
February 7, 2022/US SEC The Securities and Exchange Commission today charged Michael M. Beck, who used the Twitter handle @BigMoneyMike6, with deceiving investors into buying penny stocks that he recommended, even though he secretly planned to sell those stocks and, in some cases, was in the process of selling them […]
SEC Files Fraud Charges Alleging a Multi-Million Dollar Scheme that Targeted Retirement Accounts
February 1, 2022/US SEC The Securities and Exchange Commission today announced charges against Safeguard Metals LLC, and its owner, Jeffrey Santulan, for engaging in a multi-million dollar fraudulent scheme involving hundreds of investors who were at or near retirement age. According to the SEC’s complaint, from December 2017 through at […]
