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 […]
Frauds & Scandals
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 […]
SEC Charges Additional Four Unregistered Brokers Who Sold $24 Million in 1 Global Securities to Retail Investors
March 17, 2021/US SEC The Securities and Exchange Commission today announced charges against an additional four individuals for unlawfully selling securities of 1 Global Capital, LLC, a South Florida merchant cash advance company, to retail investors. The SEC previously charged 1 Global, its owner, and others with operating a fraudulent […]
