April 23, 2021/US SEC On April 20, 2021, the U.S. District Court for the Eastern District of New York entered a consent judgment against Gregory Altieri, of Melville, New York, for operating a fraudulent, Ponzi-like scheme that defrauded current and retired police officers and firefighters, among others, and misappropriating investor […]
Frauds & Scandals
SEC Charges Fund Manager and Former Race Car Team Owner with Multimillion Dollar Fraud
April 23, 2021/US SEC The Securities and Exchange Commission charged Andrew T. Franzone, former owner of a race car team, and investment adviser FF Fund Management, LLC (“FFM”) with fraudulently raising and misappropriating tens of millions of dollars from the sale of limited partnership interests in a private fund, FF […]
SEC Awards More Than $3 Million to Whistleblowers in Two Enforcement Actions
April 23, 2021/US SEC The Securities and Exchange Commission today announced awards totaling more than $3 million to two whistleblowers in separate enforcement proceedings. In the first order, the SEC awarded approximately $3.2 million to a whistleblower who alerted SEC staff to violations, identified key issues for staff to focus […]
