August 9, 2021/US SEC On August 9, 2021, the Securities and Exchange Commission charged Westchester County, New York-based investment adviser Evarist C. Amah with engaging in a years-long scheme to defraud fellow members of his religion, the Grail Movement. The SEC’s complaint alleges that, from April 2016 to July 2019, […]
Frauds & Scandals
SEC Charges Four in International Microcap Fraud Schemes
August 9, 2021/US SEC The Securities and Exchange Commission announced charges against Mexican resident Luis Jimenez Carrillo for engaging in deceptive schemes that generated more than $75 million from fraudulent sales of multiple microcap companies’ stock. The SEC also charged Canadian resident Amar Bahadoorsingh and United Kingdom residents Justin Roger […]
SEC Obtains Final Judgment Against Former Mayor in Muni Bond Pay-To-Play Scheme
August 9, 2021/US SEC On July 26, 2021, the U.S. District Court for the Northern District of Illinois entered a final consent judgment against David Webb, Jr., the former mayor of Markham, Illinois, whom the SEC previously charged with securities fraud related to a $5.5 million municipal bond offering by […]
