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 […]
Frauds & Scandals
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 […]
SEC Charges Two Former Officers of a Financial Technology Company with Accounting Fraud
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 […]
