April 3, 2019/US SEC The Securities and Exchange Commission today announced charges against two former senior officers of Digiliti Money Group, Inc., a now-defunct Minneapolis, Minnesota financial technology firm, for their role in a fraudulent accounting scheme to improperly record revenue on sales with its largest customer. According to the […]
Frauds & Scandals
Defendant in SEC Enforcement Action Sentenced in Parallel Criminal Action
April 2, 2019/US SEC On March 20, 2019, Kimberly Kitts, a Cape Cod-area investment adviser, whom the Securities and Exchange Commission has charged with fraud, was sentenced in a parallel criminal action to 87 months in prison and ordered to pay $3,085,939 in restitution. On November 19, 2018, Kitts pled […]
SEC Charges Former CEO of Silicon Valley Startup With Defrauding Investors
April 2, 2019/US SEC The Securities and Exchange Commission today charged the founder and former chief executive of a Silicon Valley startup 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 […]
