February 19, 2021/US SEC The Securities and Exchange Commission today announced two separate whistleblower awards for total payments of almost $3 million. In the first order, the SEC awarded a whistleblower over $2.2 million for providing important, high-quality information that aided an investigation. The whistleblower’s tip helped the SEC bring […]
Frauds & Scandals
SEC Charges Tequila Company Founder with Misappropriating Investor Funds
February 17, 2021/US SEC The Securities and Exchange Commission today charged Joseph Cimino of Warwick, New York, the founder and former managing member of 6 Degree Tequila, LLC, with conducting a fraudulent securities offering and misappropriating investors’ funds for personal use. According to the SEC’s complaint, from approximately December 2014 […]
SEC Charges Digital Asset Trading Platform and Its CEO with Registration Violations
February 17, 2021/US SEC The Securities and Exchange Commission today announced charges against Coinseed, a company that purported to offer a mobile investment application that enabled users to invest in digital assets, and its co-founder and Chief Executive Officer, Delgerdalai Davaasambuu, in connection with Coinseed’s offer and sale of digital […]
