October 18, 2024/US SEC The Securities and Exchange Commission announced today that, on October 17, 2024, the U.S. District Court for the District of Massachusetts entered final judgments against California resident Brian Quinn and New York resident David Skriloff in an SEC case alleging that they participated in a fraudulent […]
Frauds & Scandals
SEC Charges So-Called Market Maker and Its Employee in Crackdown on Manipulation of Crypto Assets Offered and Sold as Securities
October 15, 2024/US SEC The Securities and Exchange Commission announced fraud charges against United Arab Emirates entity CLS Global FZC LLC, a self-proclaimed crypto asset market maker, and its employee Andrey Zhorzhes for engaging in a scheme to manipulate the market for “NexFundAI,” a crypto asset being offered and sold […]
SEC Charges U.S.-Based Moog Inc. with FCPA Violations for Subsidiary’s Role in Indian Bribery Scheme
October 11, 2024/US SEC The Securities and Exchange Commission today announced that Moog Inc., a New York-based global manufacturer of motion controls systems for aerospace, defense, industrial and medical markets, agreed to pay a civil penalty of $1.1 million to resolve the SEC’s charges that it violated the Foreign Corrupt […]
