August 29, 2018/US SEC The Securities and Exchange Commission today announced charges against 1 Global Capital LLC and its former chief executive officer for allegedly defrauding at least 3,400 retail investors, more than one-third of whom invested their retirement funds. The Florida-based cash advance company and former CEO Carl Ruderman allegedly […]
Frauds & Scandals
SEC Obtains Partial Judgment in $135 Million Real Estate Investment Scheme
August 29, 2018/US SEC The SEC announced today that on August 28, 2018, the Honorable John Z. Lee of the United States District Court for the Northern District of Illinois entered a partial judgment against defendants Jerome Cohen and Shaun Cohen. The partial judgment imposes a permanent injunction against future […]
SEC Charges Founder of Medical Marijuana Company in Sale of Unregistered Securities
28/8/2018/US SEC The Securities and Exchange Commission today announced settled charges against the founder of a Maine-based medical marijuana company that solicited investors on Craigslist. The SEC’s complaint alleges that, beginning in 2014, Richard J. Greenlaw, of Kittery, Maine, raised approximately $500,000 from at least 59 investors by offering securities […]
