January 6, 2022/US SEC The Securities and Exchange Commission today announced charges against three Florida residents for trading in advance of market moving announcements involving DSW Inc., Rite Aid Corporation, and an attempt to acquire Aphria Inc., a Canadian cannabis-related business. According to the SEC’s complaint, David Schottenstein of Surfside, […]
Frauds & Scandals
SEC Charges ICO Issuer and Founder with Defrauding Investors
Self-Proclaimed “Man behind the Machine” Diverted ICO Proceeds to Gold Mining in South Africa January 6, 2022/US SEC The Securities and Exchange Commission today 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 […]
SEC Awards Over $13 Million To Whistleblower
January 6, 2022/US SEC The Securities and Exchange Commission today announced an award of more than $13 million to a whistleblower whose information and assistance prompted the opening of an investigation and significantly contributed to the success of an SEC enforcement action. The whistleblower promptly alerted SEC staff to an […]
