September 27, 2018/US SEC The Securities and Exchange Commission has obtained a final judgment against the former CEO of a penny stock company, whom the SEC charged with making false and misleading statements in the company’s SEC filings and press releases and with manipulating the company’s stock. The SEC alleged […]
Frauds & Scandals
Online Marketers Charged With Conning Main Street Investors Through Rags-to-Riches Infomercials
September 27, 2018/US SEC The Securities and Exchange Commission today charged a group of internet marketers who allegedly created and disseminated elaborate rags-to-riches videos to trick retirees and other retail investors into opening brokerage accounts and trading high-risk securities known as binary options. According to the SEC’s complaints, investors were […]
SEC Files Charges in Fraudulent Island Resort Scheme
September 27, 2018/US SEC The Securities and Exchange Commission charged four individuals and their associated entities with carrying out a long-running and complex fraud on investors in the Melrose Resort on Daufuskie Island, South Carolina. The SEC’s complaint, which was filed in federal court in Salt Lake City, Utah, alleges […]
