April 26, 2019/US SEC On April 26, 2019, the Securities and Exchange Commission charged Christopher D. Dougherty and several entities he controlled, with operating a Ponzi scheme that defrauded his investment advisory clients out of $7 million. The San Diego District Attorney’s Office separately announced criminal charges related to the […]
Frauds & Scandals
Former Broker Ordered to Pay Disgorgement and Penalties
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, […]
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 […]
