February 26, 2025/US SEC The Securities and Exchange Commission today charged Alan Burak, founder of Never Alone Capital LLC, with orchestrating a fraudulent scheme that raised approximately $4 million, most of which Burak misappropriated for personal expenses. The SEC’s complaint alleges that, between 2018 and 2023, Burak engaged in a […]
Frauds & Scandals
SEC Obtains Final Judgments Against Robert Allen Stanford and Seven Other Defendants in Massive Ponzi Scheme
February 24, 2025/US SEC On January 29, 2025, the U.S. District Court for the Northern District of Texas entered final judgments against Defendants Robert Allen Stanford (“Stanford”), James Davis (“Davis”), Gilberto Lopez, Stanford International Bank, Ltd., Stanford Group Company, and Stanford Capital Management, LLC. The Court simultaneously entered final judgments […]
SEC Charges New York-Based Commercial Real Estate Firm and its Owner with Using an Internet Funding Platform to Steal Over $52 Million from Investors Nationwide
February 21. 2025/US SEC The Securities and Exchange Commission announced charges today against Elchonon “Elie” Schwartz, a resident of New York, New York, and his New York-based, privately held commercial real estate investment firm, Nightingale Properties, LLC, with defrauding at least 700 investors of more than $52 million. The SEC’s […]
