January 10, 2022/US SEC On November 18, 2021, the United States District Court for the Western District of Wisconsin entered a partial judgment against defendant Michael F. Shillin in a previously filed civil action that charged Shillin with defrauding at least 100 advisory clients. According to the SEC’s complaint, which was filed on […]
Frauds & Scandals
SEC Issues Awards Totaling More Than $4 Million to Whistleblowers
January 10, 2022/US SEC The Securities and Exchange Commission today announced two awards totaling more than $4 million to whistleblowers who provided information and assistance in two separate covered actions. In the first order, the SEC issued an award of approximately $2.6 million to one whistleblower. The whistleblower, who reported […]
SEC Charges ICO Issuer and Founder with Defrauding Investors
January 7, 2022/US SEC The Securities and Exchange Commission yesterday announced charges against Australian citizen Craig Sproule and two companies he founded, Crowd Machine, Inc. and Metavine, Inc., for making materially false and misleading statements in connection with an unregistered offer and sale of digital asset securities. According to the […]
