March 18, 2021/US SEC The Securities and Exchange Commission today charged Jessica Richman and Zachary Apte, co-founders of uBiome Inc., a San Francisco-based private medical testing company, with defrauding investors out of $60 million by falsely portraying uBiome as a successful start-up with a proven business model and strong prospects for […]
Frauds & Scandals
SEC Charges Owner of Real Estate Investment Company with Defrauding Investors
March 18, 2021/US SEC The Securities and Exchange Commission today charged a New Jersey resident with defrauding investors, most of whom were members of the Orthodox Jewish community, who invested millions based on false claims about investments in real estate. The SEC’s complaint alleges that Seth P. Levine, the president […]
SEC Obtains Emergency Asset Freeze, Charges California Trader with Posting False Stock Tweets
March 17, 2021/US SEC The Securities and Exchange Commission announced fraud charges and an asset freeze and other emergency relief against an Irvine, California-based trader who used social media to spread false information about a defunct company, while secretly profiting by selling his own holdings of the company’s stock. According […]
