October 5, 2020/US SEC The Securities and Exchange Commission today charged businessman and computer programmer John McAfee for promoting investments in initial coin offerings (ICOs) to his Twitter followers without disclosing that he was paid to do so. McAfee’s bodyguard, Jimmy Watson, Jr., was also charged for his role in […]
Frauds & Scandals
SEC Charges Unregistered Brokers in Penny Stock Scheme Targeting Seniors
September 30, 2020/US SEC On September 29, 2020, The Securities and Exchange Commission charged three Florida residents with fraudulent sales of stock in NIT Enterprises, Inc., a South Florida technology company. The SEC previously charged NIT Enterprises, its former CEO, and two SEC-barred brokers with allegedly defrauding over 100 retail […]
SEC Charges Purported Hedge Fund Manager with Fraud
September 30, 2020/US SEC The Securities and Exchange Commission today charged a Long Island, New York man and his wholly-owned company with defrauding investors by falsely claiming to manage a successful hedge fund. According to the SEC’s complaint, since at least 2015, Rand Heckler, a former broker who was barred […]
