April 25, 2019/US SEC On April 18, 2019, the United States District Court for the Southern District of New York, ordered a former broker, Zachary S. Berkey, to pay $106,000 in disgorgement, plus prejudgment interest, and $71,000 in civil penalties. The SEC charged Berkey on December 6, 2017, alleging that, […]
Frauds & Scandals
SEC Charges Truckload Freight Company with Accounting Fraud
April 25, 2019/US SEC The Securities and Exchange Commission today charged Indianapolis-based Celadon Group Inc. with an accounting fraud that allowed the truckload freight company to avoid disclosing substantial losses and misrepresent its financial condition. In a complaint filed in federal court in Indianapolis, the SEC charged that between mid-2016 […]
SEC Halts Misappropriation and Fraudulent Securities Offering
April 23, 2019/US SEC The Securities and Exchange Commission yesterday obtained an emergency asset freeze and temporary restraining order to halt an ongoing fraudulent securities offering by Eric D. Lyons, a Massachusetts resident, in an attempt to conceal his misappropriation from certain hedge funds Lyons advised through his Massachusetts-based investment […]
