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 […]
Frauds & Scandals
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 […]
Credit Suisse to Pay Nearly $475 Million to U.S. and U.K. Authorities to Resolve Charges in Connection with Mozambican Bond Offerings
VTB Capital Also Agrees to Settlement with SEC for Role in Misleading Investors October 19, 2021/US SEC Credit Suisse Group AG has agreed to pay nearly $475 million to U.S. and U.K authorities, including nearly $100 million to the Securities and Exchange Commission, for fraudulently misleading investors and violating the […]
