December 16, 2019/US SEC The Securities and Exchange Commission today announced charges against former Goldman Sachs Group Inc. executive Tim Leissner for engaging in a corruption scheme, by which he obtained millions of dollars by paying unlawful bribes to various government officials to secure lucrative contracts for Goldman Sachs. Leissner has agreed to […]
Frauds & Scandals
SEC Charges Founder, Digital-Asset Issuer With Fraudulent ICO
December 11, 2019/US SEC The Securities and Exchange Commission today charged a digital-asset entrepreneur and his company with defrauding investors in an initial coin offering (ICO) that raised more than $42 million from hundreds of investors. The SEC’s complaint alleges that from August 2017 to April 2018, Eran Eyal, founder of UnitedData, […]
Jefferies to Pay Nearly $4 Million for Improper Handling of ADRs
December 10, 2019/US SEC The Securities and Exchange Commission today announced that broker-dealer Jefferies LLC will pay nearly $4 million to settle charges of improper handling of “pre-released” American Depositary Receipts (ADRs). ADRs are U.S. securities that represent foreign shares of a foreign company, and they require a corresponding […]
