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 […]
Frauds & Scandals
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 […]
SEC Charges Broker-Dealer with Illicitly Profiting from Partial Tender Offer
July 29, 2021/US SEC The Securities and Exchange Commission announced the filing of a litigated civil action against Lupo Securities, LLC (Lupo), for violating the so-called “short tender rule” and enriching itself at the expense of other participants in a partial tender offer. According to the SEC’s complaint, as part […]
