December 1, 2020/US SEC The Securities and Exchange Commission today announced an award of over $6 million to joint whistleblowers whose information and assistance led to the successful enforcement of SEC and related actions. The whistleblowers’ substantial assistance, provided to the SEC and another government agency, included submitting documents, participating […]
Frauds & Scandals
SEC Charges Boiler Rooms Operator with Defrauding Retail Investors
December 1, 2020/US SEC The SEC today charged New York resident Mark Alan Lisser with fraud for operating at least two boiler rooms, on Long Island, New York and in Boca Raton, Florida, through which he raised approximately $2.1 million from at least 71 retail investors and misappropriated more than […]
SEC Charges Unregistered Investment Adviser with Defrauding Puerto Rico Municipality
December 1, 2020/US SEC The Securities and Exchange Commission today charged an unregistered investment adviser based in Orlando, Florida for defrauding the Municipality of Mayagüez, Puerto Rico and misappropriating $7.1 million of taxpayer funds. According to the SEC’s complaint, in 2016, Eugenio Garcia Jimenez, Jr. told municipal officials that he […]
