February 7, 2025/US SEC On January 15, 2025, the U.S. District Court for the Southern District of New York entered a final judgment against technology company, Airborne Wireless Network, its undisclosed control person, Kalistratos “Kelly” Kabilafkas, and his father, Timoleon “Tim” Kabilakfas, for orchestrating a fraudulent scheme to gain control […]
Frauds & Scandals
SEC Charges Four Individuals for Long-Running Scheme to Unlawfully Trade in Advance of Numerous Follow-On Offerings
February 3, 2025/US SEC On January 15, 2025, the Securities and Exchange Commission filed fraud charges against John Lowe, Randy Grewal, Richard Ringel, and David Cooper arising from their longstanding fraudulent scheme to trade in advance of the public announcement of the timing or price, or both, of numerous follow-on […]
SEC Obtains Judgment Against Defendant in Microcap Fraud Scheme
February 3, 2025/US SEC On January 21, 2025, the Securities and Exchange Commission obtained a final judgment against defendant Joseph A. Padilla in an action filed in 2023 alleging a fraudulent microcap stock selling scheme. According to the Commission’s complaint, filed in the United States District Court for the District […]
