July 22, 2021/US SEC The Securities and Exchange Commission announced that it filed an emergency action charging California resident Charlie Abujudeh with running microcap fraud schemes targeting retail investors. According to the SEC’s complaint, filed today in the U.S. District Court for the Eastern District of New York, Abujudeh worked […]
Frauds & Scandals
SEC Halts Alleged Ongoing Offering Fraud Involving Cycling Companies
July 22, 2021/US SEC The Securities and Exchange Commission announced that it filed an emergency action on July 19, 2021, unsealed today, and obtained a temporary restraining order and asset freeze to stop an alleged fraudulent offering of securities and misappropriation of investor assets by Outdoor Capital Partners, LLC and […]
SEC Charges Connecticut Man for Fraud in Hotel Renovation Investment
July 21, 2021/US SEC The Securities and Exchange Commission today charged Connecticut resident Rahulkumar M. Patel in connection with a fraudulent offer of securities related to a hotel renovation investment that was conducted through an online crowd funding site. According to the SEC’s complaint, Patel organized a Connecticut company, DNA […]
