March 6, 2025/US SEC On March 6, 2025, the Securities and Exchange Commission obtained a final judgment against Rey D. Acosta of Shenandoah, Pennsylvania, who was charged with conducting a fraudulent “free-riding” scheme in which he attempted to profit by purchasing and selling stocks without having sufficient funds to pay […]
Frauds & Scandals
SEC Obtains Final Judgment Against Relief Defendant in Offering Fraud Scheme
March 4, 2025/US SEC On March 4, 2025, the U.S. District Court for the Eastern District of New York entered a final consent judgment against relief defendant Leonard Quartararo. The Commission’s complaint, filed on April 27, 2021, alleged that Peter Quartararo engaged in a scheme to defraud investors by claiming […]
SEC Charges Justinas Butkus with Orchestrating $4 Million Fraud
February 28, 2025/US SEC The Securities and Exchange Commission announced on February 27, 2025 that it filed charges against Justinas Butkus, of Lithuania, and two companies he owned and controlled, HMC Trading LLC and HMC Management LLC, for fraudulently raising approximately $4.1 million from 64 investors by selling interests in […]
