April 3, 2020/US SEC On April 2, 2020, the U.S. District Court in Massachusetts entered a final judgment against Patrick Muraca and two biotechnology companies he controlled, NanoMolecularDX, LLC and MetaboRX, LLC for defrauding investors, ordering Muraca to disgorge over $400,000 in ill-gotten gains. According to the SEC’s complaint, filed […]
Frauds & Scandals
SEC Charges Four Individuals in Unauthorized Trading Scheme
April 3, 2020/US SEC On March 31, 2020, the Securities and Exchange Commission filed a complaint against four individuals for conducting a fraudulent unauthorized trading scheme through retail customer accounts at their Commission-registered brokerage firm. According to the SEC’s complaint, Jonah Engler of New York, Joshua W. Turney of California, […]
SEC Charges Beverly Hills-Based Entertainment Technology Company in $45 Million Offering Fraud
April 3, 2020/US SEC The Securities and Exchange Commission today announced charges against OwnZones Media Network, Inc., its CEO, and a stock sales agent in connection with an ongoing illegal stock offering that has raised more than $45 million from retail investors. The SEC’s complaint alleges that from 2011 through […]
