February 24, 2021/US SEC The Securities and Exchange Commission today announced settled charges against an Oklahoma-based gas exploration and production company, Gulfport Energy Corporation, and its former CEO, Michael G. Moore, for failing to properly disclose as compensation certain perks provided to Moore, as well as failing to disclose certain […]
Frauds & Scandals
SEC Charges Issuer, Its President, and a Stock Promoter for Microcap Offering Fraud
February 24, 2021/US SEC On February 23, 2021, the Securities and Exchange Commission charged microcap issuer Medifirst Solutions, Inc., its president, Bruce Schoengood, and a stock promoter, Joshua Tyrell, with fraud in connection with their roles in unregistered offerings of Medifirst’s stock to the public. The SEC also charged Schoengood […]
Court Imposes Fraud Injunction and Penny Stock Bar On Individual and Orders Judgments of Over $14 Million Against Entities That Facilitated International Microcap Scheme
February 24, 2021/US SEC A federal court in New York recently entered final judgments against Anthony Killarney and the entities Blacklight SA, Tamarind Investments Inc., and SSID Ltd. for their roles in a scheme that generated more than $35 million of illegal sales of stock in at least 45 microcap […]
