July 21, 2021/US SEC The Securities and Exchange Commission today announced an award of nearly $3 million to a whistleblower whose information and assistance led to a successful SEC enforcement action. “The whistleblower alerted the SEC to previously unknown conduct and then provided substantial additional assistance, which conserved a considerable amount […]
Frauds & Scandals
SEC Charges Retailer and Former CEO for Accounting, Reporting, and Control Failures
July 2021/US SEC The Securities and Exchange Commission today announced that Fort Worth, Texas, specialty retailer Tandy Leather Factory Inc. and its former chief executive officer Shannon Greene have agreed to settle charges for accounting, reporting, and control failures that led to a multi-year restatement of the company’s financial statements. […]
SEC Shuts Down Fraudulent Mother-Son Offering Involving Purported Supercomputer
July 20, 2021/US SEC The Securities and Exchange Commission announced that it has filed an emergency action and obtained a temporary restraining order and asset freeze to halt an alleged ongoing offering fraud by Las Vegas-based Profit Connect Wealth Services, Inc., Las Vegas resident Joy I. Kovar and her son, […]
