Frauds & Scandals

SEC Charges Medical Aesthetics Company and Its Former CEO with Misleading Investors in a $60 Million Stock Offering

19/9/2018/US SEC The Securities and Exchange Commission today charged Sientra, Inc., a California-based medical aesthetics company, and its former CEO, Hani Zeini, with concealing damaging news about the company’s sole-source manufacturer before it closed a $60 million stock offering in 2015. The company agreed to settle the SEC’s charges. According […]

SEC Shuts Down $345 Million Fraud and Obtains Asset Freeze

19/9/2018/US SEC The Securities and Exchange Commission today announced it has obtained a court order halting an ongoing Ponzi-like scheme that raised more than $345 million from over 230 investors across the U.S. The SEC also obtained an emergency asset freeze and the appointment of a receiver. An SEC complaint unsealed yesterday […]