22/6/2018/US SEC On June 19, 2018, a federal court entered a final judgment against Stephen B. Pence, the former chairman and majority shareholder of General Employment Enterprises (GEE), in a case alleging that he misled the company’s auditors and investors by concealing his knowledge regarding $2.3 million in missing company […]
Frauds & Scandals
SEC Charges Operator of Ponzi Scheme Targeting Retail Investors
June 22, 2018/US SEC The Securities and Exchange Commission has charged a Bellefonte, Pennsylvania insurance agent with engaging in a Ponzi scheme that targeted retail investors who lacked significant investment experience. According to the SEC’s complaint, from at least 2010 through 2017, James E. Hocker began his relationship with a […]
SEC Charges New York Penny Stock Financier with Fraudulent Market Manipulation and Scalping Scheme
June 20, 2018/US SEC On June 18, 2018, the Securities and Exchange Commission charged Joseph A. Fiore, a penny stock financier based in Bronxville, New York, and two companies that he controlled for their respective roles in a fraudulent market manipulation and scalping scheme that generated over $11 million from […]