September 28, 2021/US SEC The Securities and Exchange Commission today announced that it has barred two individuals from the SEC’s whistleblower award program, each of whom filed hundreds of frivolous award applications. The bars were issued pursuant to the 2020 amendments to the Whistleblower Program Rules, which were designed to […]
Frauds & Scandals
SEC Obtains Emergency Relief Against New York Real Estate Developer Charged with Eb-5 Securities Fraud
September 28, 2021/US SEC On September 27, 2021, the Securities and Exchange Commission filed an emergency action and obtained an asset freeze, among other relief, against Richard Xia (a/k/a Yi Xia) and his company, Fleet New York Metropolitan Regional Center, LLC (f/k/a Federal New York Metropolitan Regional Center, LLC), for […]
SEC Charges California Cannabis Company, CEO and President with Fraud
September 28, 2021/US SEC The SEC today charged a California-based cannabis company, along with its CEO and President, with scamming at least 40 investors out of approximately $2 million. According to the SEC’s complaint, from October 2011 through November 2019, C3 International, Inc. (C3), based in Garden Grove, California, and […]
