June 2, 2021/US SEC The Securities and Exchange Commission today announced awards of approximately $13 million and $10 million to two whistleblowers whose information and assistance led to successful SEC and related actions. The whistleblowers’ substantial assistance, provided to the SEC and another federal agency, included submitting information and documents, […]
Frauds & Scandals
SEC Obtains Final Judgments Against Two Former Officers in Accounting Fraud
June 2, 2021/US SEC On June 1, 2021, the United States District Court for the District of Minnesota entered final consent judgments against two former executives of Digiliti Money Group, Inc., a now-defunct financial technology firm. The SEC’s complaint, filed on April 3, 2019, alleged that, between September 2016 and July […]
SEC Obtains Final Judgment Against Defendant in a Microcap Fraud Scheme Attempting to Capitalize On the Covid-19 Pandemic
May 28, 2021/US SEC On May 26, 2021, the U.S. District Court for the District of Massachusetts entered a final judgment against defendant Michael Luckhoo-Bouch in a previously-filed action against 11 defendants alleging a fraudulent scheme that generated more than $25 million from illegal sales of multiple microcap companies’ stock. […]
