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 […]
Frauds & Scandals
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 […]
SEC Obtains Final Judgment Against Former Executive for Manipulative Trading
June 30, 2021/US SEC The Securities and Exchange Commission announced that on June 28, 2021, the United States District Court for the Southern District of New York entered a final consent judgment against Ronald Phillips, an attorney and the former president of Royal Energy Resources, Inc., (“Royal Energy”), a company […]
