December 9, 2021/US SEC On December 3, 2021, the United States District Court for the Southern District of New York entered judgments against Glenn Arcaro and his company, Future Money Ltd., for the promotion of the BitConnect “lending program.” Arcaro previously pleaded guilty to Conspiracy to Commit Wire Fraud before […]
Frauds & Scandals
SEC Issues Whistleblower Nearly $5 Million Award
December 7, 2021/US SEC The Securities and Exchange Commission (SEC) today announced an award of nearly $5 million to a whistleblower who provided critical information and assistance that led to the success of a covered action. The whistleblower’s information helped the SEC to more quickly and efficiently bring an action […]
SEC Charges Dialysis Provider and Three Former Senior Executives with Revenue Manipulation Scheme
American Renal Associates Agrees to Pay $2 million Civil Penalty December 6, 2021/US SEC The Securities and Exchange Commission today charged American Renal Associates Holdings, Inc. (ARA), a provider of dialysis services through clinics across the country, with engaging in a revenue manipulation scheme that resulted in the restatement of […]
