April 2, 2019/US SEC On February 5, 2019, the Securities and Exchange Commission obtained a final judgment against a New York-based broker who was charged with orchestrating a $6.5 million offering fraud. In May 2015, the SEC charged Robert P. DePalo with defrauding over twenty investors by misrepresenting the value […]
Frauds & Scandals
SEC Charges College Official for Fraudulently Concealing Financial Troubles from Municipal Bond Investors
April 2, 2019/US SEC On March 28, 2019, the Securities and Exchange Commission charged the former controller of a New York-based not-for-profit college with defrauding municipal securities investors by fraudulently concealing the college’s deteriorating finances. According to the SEC’s complaint, in recent years, the College of New Rochelle came under […]
SEC Shuts Down Fraudulent Investment Advisor Who Was Targeting Members of the Israeli-American Community
April 1, 2019/US SEC The Securities and Exchange Commission announced it had halted an ongoing investment fraud targeting members of the Jewish community, primarily in the Los Angeles, CA region. The SEC filed an emergency action in federal court against Motty Mizrahi and MBIG Company, his sole proprietorship, alleging that, […]
