January 25, 2019/US SEC On January 24, 2019, the Honorable Kimba M. Wood of the United States District Court for the Southern District of New York entered judgments against a Manhattan-based lending company, American Growth Funding II, LLC (“AGF II”), and its owner Ralph C. Johnson, who were charged by […]
Frauds & Scandals
SEC Emergency Action Charges Texas Real Estate Developer for Multi-Million Dollar Offering Fraud
January 25, 2019/US SEC The Securities and Exchange Commission announced today that it filed charges against Texas resident and real estate developer Phillip Michael Carter, two other individuals, and several related entities for conducting a multi-million dollar offering fraud. The SEC’s complaint alleges that Carter, along with Bobby Eugene Guess […]
SEC Brings Charges in Edgar Hacking Case
January 17, 2019/US SEC The Securities and Exchange Commission announced on January 15, 2019 charges against nine defendants for participating in a previously disclosed scheme to hack into the SEC’s EDGAR system and extract nonpublic information to use for illegal trading. The SEC charged a Ukrainian hacker, six individual traders […]
