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. […]
Frauds & Scandals
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 […]
SEC Charges Officers of Florida Battery Company with Securities Fraud
July 19, 2018/US SEC On July 18, 2018, the Securities and Exchange Commission filed charges against two officers of Oakridge Global Energy Solutions, Inc., a now defunct Florida-based company that purported to develop and manufacture lithium batteries, for issuing false and misleading press releases to the public. The SEC’s complaint, […]