February 11, 2020/US SEC The Securities and Exchange Commission today filed charges against an Ohio-based businessman who allegedly orchestrated a digital asset scheme that defrauded approximately 150 investors, including many physicians. The SEC alleges that Michael W. Ackerman, along with two business partners, raised at least $33 million by claiming […]
Frauds & Scandals
SEC Wins Jury Trial Against Massachusetts Man Charged in Multi-Year Insider Trading Scheme
February 4, 2020/US SEC Yesterday evening, jurors in Boston federal court returned a verdict finding that Lexington, Massachusetts restauranteur Charlie Chen engaged in illegal insider trading in advance of five earnings announcements of Lexington-based company Vistaprint, N.V. The SEC’s evidence at trial showed that Chen, who was close friends with […]
SEC Charges Texas Company and Its Principal in Multi-Million Dollar Ponzi Scheme
January 31, 2020/US SEC The Securities and Exchange Commission today announced charges against a Texas company and its principal for unlawfully selling unregistered securities in connection with the previously charged Madison Timber Properties, LLC Ponzi scheme. The SEC’s complaint, filed in federal court in Jackson, Mississippi, alleges that Michael Douglas […]
