April 5, 2019/US SEC The Securities and Exchange Commission has obtained a final judgment against Scott Newsholme, a New Jersey-based tax preparer, who was charged with defrauding his clients after convincing them to give him their money to invest. According to the SEC’s complaint, filed September 6, 2017, Newsholme fabricated […]
Frauds & Scandals
SEC Charges Maine Resident with Defrauding Investors in $3 Million Christian Concert Scheme
April 4, 2019/US SEC The Securities and Exchange Commission filed an enforcement action on April 4, 2019 in federal court in Portland, Maine, charging Freeport-area concert promoter Jeffrey E. Wall and his business, The Lighthouse Events, LLC, with defrauding over one hundred investors he solicited to become “financial partners.” According […]
SEC Charges Former CEO of Silicon Valley Start-Up with Defrauding Investors
April 3, 2019/US SEC The Securities and Exchange Commission charged the founder and former chief executive of a Silicon Valley start-up with defrauding investors in Jumio Inc., a private mobile payments company. The former CEO, Daniel Mattes, agreed to pay more than $17 million to settle the charges. According to […]
