Company Will Pay $62 Million to Settle Charges Related to Inflated Cost Savings that Caused it to Restate Several Years of Financial Reporting September 3, 2021/US SEC The Securities and Exchange Commission today charged The Kraft Heinz Company with engaging in a long-running expense management scheme that resulted in the […]
Frauds & Scandals
SEC Obtains Emergency Relief, Charges Couple Who Operated $18 Million Ponzi Scheme
September 2, 2021/US SEC The Securities and Exchange Commission today announced that it filed an emergency action and obtained a temporary restraining order and an asset freeze to stop an alleged Ponzi scheme perpetrated by Shakopee, Minnesota residents Jason Dodd Bullard and Angela Romero-Bullard and the entity they control, Bullard […]
SEC Charges Seven Individuals in Orange County-Based Offering Frauds
September 1, 2021/US SEC The Securities and Exchange Commission announced charges against Tustin, California-based airplane parts manufacturer Elite Aerospace Group, Inc. and seven individuals for their participation in two fraudulent securities offerings that raised a total of $70 million. The SEC’s complaint, filed in the U.S. District Court for the […]
