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 […]
Frauds & Scandals
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 […]
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 […]
