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 […]
Frauds & Scandals
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 […]
SEC Charges Three Florida Residents in Multi-Million Dollar Insider Trading Scheme
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, […]
