June 29, 2019/US SEC The Securities and Exchange Commission today charged lawyer Michael J. Woodford for his role in a fraudulent scheme to conceal attorney Diane D. Dalmy’s involvement in preparing legal opinion letters concerning the sale of certain microcap securities from transfer agents and brokerage firms. Dalmy was previously […]
Frauds & Scandals
SEC Charges CEO of Online Entertainment Company with Defrauding Investors
June 29, 2019/US SEC The Securities and Exchange Commission today charged New Hampshire resident Robert F.X. Sillerman, the former CEO of Function(x), Inc., with orchestrating an offering fraud and diverting offering proceeds to repay loans he had previously made to the company. According to the SEC’s complaint, Function(x), Inc., formerly […]
SEC Charges New Defendant in $43 Million Tribal Bonds Scheme
June 26, 2019/US SEC The Securities and Exchange Commission today charged a Los Angeles man for his role in a fraudulent scheme to gain undisclosed control over two registered investment advisers so that he, his partner, and their associates could steal $43 million of client funds they purported to invest […]
