November 1, 2019/US SEC The Securities and Exchange Commission has obtained final judgments against the defendants in an advance fee loan scam involving bogus prime bank instruments. On October 17, 2019, the United States District Court for the District of Maryland permanently enjoined Defendants Michael K. Martin and Capital Source […]
Frauds & Scandals
Alleged Fraudster Sentenced to 14 Years in Parallel Criminal Case
October 31, 2019/US SEC One of the alleged perpetrators of a Ponzi-like scheme that raised more than $345 million from over 230 investors across the United States, Jay B. Ledford, has been sentenced to 14 years in prison in a parallel criminal case. The court also ordered Ledford to repay […]
SEC Charges International Security-Based Swaps Dealer That Targeted U.S. Investors
October 31, 2019/US SEC The Securities and Exchange Commission today charged XBT Corp. SARL d/b/a First Global Credit, a Switzerland-based securities dealer, for offering and selling unregistered security-based swaps to U.S. investors using bitcoins and for failing to transact its swaps on a registered national exchange. According to the SEC’s […]
