August 2, 2021/US SEC The Securities and Exchange Commission today charged accounting firm Ernst & Young LLP (EY), one of its partners, and two of its former partners with improper professional conduct for violating auditor independence rules in connection with EY’s pursuit to serve as the independent auditor for a […]
Frauds & Scandals
The SEC Charges Company and Three Executives with Misappropriating Millions of Dollars from Investors Using Phony Escrow Account
July 30, 2021/US SEC The United States Securities and Exchange Commission today announced charges against Black Lion Investment Partners, Inc., a Wyoming corporation now based in Georgia, Edward L. Wooten of Macon, Georgia, Lee S. Rose of Deerfield, Illinois, and John L. Krcil of Hanover, Minnesota for defrauding investors out […]
SEC Charges Real Estate CEO With Defrauding Investors
July 30, 2021/US SEC The Securities and Exchange Commission today announced securities fraud charges against recidivist Michael Shustek, the CEO of several Las Vegas real estate investment trusts (REITs), and his wholly owned investment advisory firm, Vestin Mortgage LLC. The complaint alleges that since at least 2012, Shustek fraudulently enriched […]
