19/7/2018/US SEC On July 11, 2018, the Securities and Exchange Commission charged a Wyoming company and its principal for an offering fraud targeting primarily elderly Asian-American and Asian members of an online Christian ministry. The SEC’s complaint, filed in the United States District Court for the District of Wyoming, alleges […]
Frauds & Scandals
SEC Charges CEO and Oil Exploration Company with Lying About the Company’s Prospects and Business Dealings
July 19, 2018/US SEC On July 17, 2018, the Securities and Exchange Commission filed charges against an oil shale exploration company, Centor Energy, Inc. (ticker: CNTO), and its CEO Frederick DaSilva, for making materially false and misleading statements to Centor shareholders about Centor’s oil reserves, revenue prospects, and business dealings. […]
SEC Charges Cape Cod-Based Investment Adviser with Fraud
July 19, 2018/US SEC The Securities and Exchange Commission filed an enforcement action on July 19, 2018 in federal court in Boston, Massachusetts, charging Cape Cod-area investment adviser Kimberly Pine Kitts with defrauding multiple clients by stealing over three million dollars from their investment and retirement accounts. According to the […]
