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 […]
Frauds & Scandals
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. […]
SEC Charges U.S. Promoters of $2 Billion Global Crypto Lending Securities Offering
May 28, 2021/US SEC The Securities and Exchange Commission announced today that it has filed an action against five individuals alleging that they promoted a global unregistered digital asset securities offering that raised over $2 billion from retail investors. According to the SEC’s complaint, filed in the United States District […]
