January 29, 2020/US SEC Eric T. Landis, an alleged recidivist market manipulator of Virginia who was charged by the SEC in a 2018 enforcement action, was sentenced on January 24, 2020, in a parallel criminal action to six months in prison and two years of supervised release, and ordered to […]
Frauds & Scandals
SEC Goes Tough on Illegal Fund Managers
January 26, 2020/SEC Nigeria The Securities and Exchange Commission, SEC has restated it’s determination to go after illegal fund managers and ensure they are made to face the full wrath of the law. Acting Director-General of the SEC, Mary Uduk, who stated this in an interview with journalists in Abuja […]
SEC Charges Husband and Wife with Nearly $1 Billion Ponzi Scheme
January 24, 2020/US SEC The Securities and Exchange Commission today charged a California-based couple with orchestrating a nearly billion-dollar Ponzi scheme involving alternative energy tax credits. According to the SEC’s complaint, Jeffrey and Paulette Carpoff raised approximately $910 million from 17 investors between 2011 and 2018 by offering securities in the form […]
