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 […]
Frauds & Scandals
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 […]
SEC Obtains Final Judgment Against New York Broker Charged with Stealing from Investors
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 […]
