July 2, 201/US SEC On June 30, 2021, the U.S. District Court for the District of Maryland entered a final consent judgment against Michael B. Carter, whom the SEC previously charged with securities fraud and investment adviser fraud for having misappropriated customer and client funds. According to the SEC’s complaint, […]
Frauds & Scandals
SEC Obtains Settlement in Fraudulent and Unregistered Ico Case
July 2, 2021/US SEC The Securities and Exchange Commission today announced that it obtained partial consent judgments against three individuals and an entity previously charged with defrauding investors in a fraudulent and unregistered initial coin offering (ICO) that raised more than $1.8 million from thousands of investors. According to the […]
SEC Obtains Penalty, Injunctions, and Bars Against CEO of Las Vegas Company
July 1, 2021/US SEC The Securities and Exchange Commission has obtained a final judgment against the CEO of a sexual health products company and a paid promoter whom it charged with orchestrating fraudulent promotional campaigns to tout the company’s stock. According to the SEC’s complaint, filed in September 2016, Scott […]
