March 2, 2020/US SEC On February 25, 2020, the U.S. District Court for the Southern District of Florida entered a final judgment against Palm Financial Management, LLC and Shore Management Systems, LLC. The SEC previously charged these defendants for their role in an alleged Ponzi scheme that defrauded at least […]
Frauds & Scandals
SEC Charges Two Men with Fraud and Unregistered Broker Activity
March 2, 2020/US SEC The Securities and Exchange Commission charged Jason Allan Arthur and Christopher Joseph Bongiorno with engaging in fraud and acting as unregistered brokers in connection with the securities offerings of two issuers, US Lighting Group, Inc. (USLG) and Petroteq Energy, Inc. (PQEFF). According to the SEC’s complaint, […]
Former CEO of Navistar International Corporation Ordered to Pay $500,000
March 2, 2020/US SEC The Securities and Exchange Commission today announced the entry of a judgment against the former CEO of Illinois-based Navistar International Corporation, Daniel C. Ustian, who was enjoined from violating the antifraud provisions of the federal securities laws and ordered to pay $500,000. The SEC’s case involved […]
