October 15, 2024/US SEC The Securities and Exchange Commission announced fraud charges against United Arab Emirates entity CLS Global FZC LLC, a self-proclaimed crypto asset market maker, and its employee Andrey Zhorzhes for engaging in a scheme to manipulate the market for “NexFundAI,” a crypto asset being offered and sold […]
Frauds & Scandals
SEC Charges U.S.-Based Moog Inc. with FCPA Violations for Subsidiary’s Role in Indian Bribery Scheme
October 11, 2024/US SEC The Securities and Exchange Commission today announced that Moog Inc., a New York-based global manufacturer of motion controls systems for aerospace, defense, industrial and medical markets, agreed to pay a civil penalty of $1.1 million to resolve the SEC’s charges that it violated the Foreign Corrupt […]
SEC Charges Rimar Capital Entities and Owner Itai Liptz for Defrauding Investors by Making False and Misleading Statements About Use of Artificial Intelligence
Rimar Capital USA, Inc. Board Member Clifford Boro also Charged October 10, 2024/US SEC The Securities and Exchange Commission today announced charges against Rimar Capital USA, Inc. (Rimar USA), Rimar Capital, LLC (Rimar LLC), Itai Liptz, and Clifford Boro for making false and misleading statements about Rimar LLC’s purported use […]