August 24, 2021/US SEC The Securities and Exchange Commission today announced that Pennsylvania-based Healthcare Services Group, Inc. has agreed to pay $6 million to settle charges that the company engaged in accounting and disclosure violations that enabled the company to report inflated quarterly earnings per share (EPS) that met research […]
Frauds & Scandals
SEC Charges San Antonio Investment Adviser with Operating a Fraudulent Scheme and Misappropriating Investor Assets
August 20, 2021/US SEC On August 20, 2021, the Securities and Exchange Commission charged a San Antonio, Texas-based investment adviser with operating a years-long fraudulent scheme that raised approximately $58 million from nearly 300 investors in two investment funds. The SEC’s complaint alleges that Robert J. Mueller and his company […]
Investment Professional Charged by SEC Sentenced to Three and a Half Years in Prison in Parallel Criminal Case
August 20, 2021/US SEC On August 18, 2021, Marcus Boggs, whom the SEC charged in August 2019 with stealing more than $1.7 million from at least three of his investment advisory clients, was sentenced in a parallel criminal case to 42 months in prison. The criminal charges against Boggs stem, […]
