September 13, 2024/US SEC On September 10, 2024, the U.S. District Court for the Southern District of New York entered a final consent judgment against Frank M. Vecchio, enjoining him from violating certain provisions of the federal securities laws and ordering disgorgement and civil monetary penalties. The SEC’s complaint, filed […]
Frauds & Scandals
SEC Obtains Emergency Relief Against Wyoming Entity Charged with Fraud
September 10, 2024/US SEC The Securities and Exchange Commission today announced that it obtained a temporary asset freeze, restraining order, and other emergency relief against AmeriStar, LLC and three relief defendants in connection with an alleged scheme through which AmeriStar made false statements about the safety of its investments and […]
SEC Charges Tennessee Investment Adviser and its Owner with Religious Affinity Fraud
September 10, 2024/US SEC The Securities and Exchange Commission yesterday charged Cookeville, Tennessee resident Donald Anthony Wright and his company, Retirement Specialty Group, Inc., an SEC-registered investment adviser, with defrauding several investors. According to the SEC’s complaint, Wright primarily targeted Christian clients by promoting his and Retirement Specialty Group’s “faith-based” […]
