May 20, 2019/US SEC The Securities and Exchange Commission filed a subpoena enforcement action against Tracson McLeod of San Diego, California, seeking an order directing him to comply with an investigative subpoena for documents and testimony. According to the SEC’s application, filed in U.S. District Court for the Southern District […]
Frauds & Scandals
SEC Charges Five Individuals with Running a Pump-And-Dump Scheme
May 17, 2019/US SEC The U.S. Securities and Exchange Commission filed settled charges against five individuals for orchestrating a fraudulent pump-and-dump scheme involving multiple penny stocks. The SEC alleges that between May 2011 and May 2017, Andrew I. Farmer of Katy, Texas, Scott R. Sieck of Winter Park, Florida, Eddie […]
Loom is a Ponzi Scheme, SEC Warns Nigerians
May 16, 2019/SEC The Securities and Exchange Commission, SEC, has raised the alarm over the activities of some online fraudsters, who are currently running an online investment scheme tagged ‘Loom Money Nigeria’. Loom Money Nigeria, is taking over social media by targeting young people to participate in a pyramid scheme. […]
