November 16, 2018/US SEC The Securities and Exchange Commission today brought additional charges against a Long Island, New York-based boiler room previously sued for defrauding elderly and unsophisticated investors. The latest charges allege that First Choice Healthcare Solutions Inc. CEO Christian Romandetti, the boiler room, and four others, manipulated the company’s […]
Frauds & Scandals
SEC Announces the Resolution of Civil and Criminal Actions against Former CFO of Information Technology Company
November 16, 2018/US SEC The Securities and Exchange Commission today announced the resolution of three actions against the CFO of a Chicago-area information technology company, who was previously charged by the SEC and the U.S. Attorney’s Office. Dhru Desai was ordered, in the SEC’s civil action, to pay approximately $1.63 […]
Court Prohibits Former Ramapo Town Supervisor from Participating in Muni Offerings and Orders Him to Pay Penalties
November 15, 2018/US SEC A federal court has prohibited the former Town Supervisor of the Town of Ramapo, N.Y. from participating in offerings of municipal securities and ordered him to pay $327,000 in civil penalties in a fraud action brought by the Securities and Exchange Commission. In April 2016, the […]
