3/10/2018/US SEC On September 27, 2018, a federal district court in Connecticut ordered a Greenwich, Connecticut investment professional charged by the Securities and Exchange Commission with fraudulently diverting tens of millions of dollars from the venture capital funds he advised, to pay over $64 million. The final judgment ordered Iftikar […]
Frauds & Scandals
SEC Charges Atlanta-Based Individual and His Company with Defrauding Investors in Real Estate Investment Scams
October 3, 2018/US SEC On September 28, 2018, the Securities and Exchange Commission charged Russell Craig and his company, OneStep Financial Services, LLC with violating the anti-fraud provisions of the federal securities laws by promising investors profits in return for depositing funds into escrow for the purchase or development of […]
SEC Charges Salix Pharmaceuticals and Former CFO with Making False Statements About Distribution Channel
October 2, 2018/US SEC On September 28, 2018, the Securities and Exchange Commission charged Salix Pharmaceuticals, Ltd. and its former CFO with repeatedly misleading analysts and investors about the company’s future prospects. The former CFO, Adam Derbyshire, will pay more than $1 million to settle the charges. According to the […]
