December 15, 2021/US SEC The Securities and Exchange Commission today announced charges against Fusion Hotel Management, LLC, Fusion Hospitality Corporation, and their founder, Denny T. Bhakta of San Diego, California for fraudulently raising at least $15 million from more than 40 retail investors. According to the SEC’s complaint, filed December […]
Frauds & Scandals
SEC Charges Three Canadians with Securities Fraud
December 10, 2021/US SEC The Securities and Exchange Commission today announced that it filed an action yesterday afternoon charging three individuals with violations of the federal securities laws for a scheme in which they coordinated the dumping of shares of as many as ten issuers into the market while disguising […]
SEC Charges Three Canadian Citizens in Fraudulent Penny Stock Scheme
December 10, 2021/US SEC The Securities and Exchange Commission today announced it charged three Canadian citizens with carrying out a fraudulent scheme involving penny stocks which generated tens of millions of dollars in proceeds but left investors with nearly worthless shares of various public companies. According to the SEC’s complaint, […]
