October 26, 2021/US SEC The Securities and Exchange Commission charged Ann M. Vick with fraudulently raising approximately $3.2 million from nearly two dozen investors for AMV Investments LLC, a pooled investment fund of which she is the sole owner. The SEC’s complaint, filed in the United States District Court for […]
Frauds & Scandals
SEC Obtains Default Judgment Against Russian National for Defrauding Investors Out of Millions of Dollars in Phony Certificates of Deposit Scam
October 26, 2021/US SEC On October 15, 2021, the U.S. District Court for the District of New Jersey entered a final judgment against Denis Georgiyevich Sotnikov and entities he controlled for participating in a fraudulent scheme to lure U.S. investors into buying fake Certificates of Deposit (CDs) promoted through internet […]
SEC Charges Former CEO and CFO of Software Company with Multimillion Dollar Fraud
October 20, 2021/US SEC The Securities and Exchange Commission charged Robert Bernardi, founder and former CEO of GigaMedia Access Corporation (Giga), Nihat Cardak, former CFO of Giga, and Sunil Chandra, Giga’s former VP of Business Development, with fraudulently raising tens of millions from investors. The SEC’s complaint alleges that Bernardi […]
