December 3, 2021/US SEC The Securities and Exchange Commission charged a Latvian citizen with defrauding hundreds of retail investors out of at least $7 million through two separate fraudulent digital asset securities offerings. According to the complaint, filed in U.S. District Court for the Eastern District of New York, Ivars […]
Frauds & Scandals
SEC Charges Two in Fraudulent Microcap Scheme
December 2, 2021/US SEC The Securities and Exchange Commission charged two individuals for their participation in alleged fraudulent schemes involving unlawful microcap stock sales at the expense of unsuspecting retail investors. The SEC’s complaint alleges that, from 2016 through at least October 2020, Canadian residents Vincenzo Carnovale and Amar Bahadoorsingh […]
SEC Charges Latvian Citizen with Digital Asset Fraud
December 2, 2021/US SEC The Securities and Exchange Commission today charged a Latvian citizen with defrauding hundreds of retail investors out of at least $7 million through two separate fraudulent digital asset securities offerings. According to the civil complaint, filed in U.S. District Court for the Eastern District of New […]
