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 […]
Frauds & Scandals
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 […]
SEC Charges Founders of a Real Estate Crowdfunding Portal with Fraud
September 26, 2018/US SEC On September 26, 2018, the Securities and Exchange Commission charged the co-founders of a New York-based crowdfunding portal with misappropriating more than $1 million from investors. According to the SEC’s complaint, New York resident William C. Skelley and New Jersey resident Sohin S. Shah, the co-founders […]
