August 28, 2024/US SEC The Securities and Exchange Commission today announced charges against Bernardo Mendia-Alcaraz and his private equity firm, Toltec Capital LLC, for conducting fraudulent and unregistered securities offerings. According to the SEC’s complaint, from at least December 2019 to September 2023, Mendia-Alcaraz, on behalf of Toltec Capital, raised […]
Frauds & Scandals
SEC Charges U.S. Navy Shipbuilder Austal USA with Accounting Fraud
Australian parent company Austal Limited also charged with fraud August 27, 2024/US SEC The Securities and Exchange Commission today announced that Austal USA, LLC, a Mobile, Alabama-based shipbuilder, and its Australia-based parent company, Austal Limited, have agreed to settle the SEC’s charges that the companies conducted a fraudulent revenue recognition […]
SEC Charges China-based QZ Asset Management Ltd. and its CEO in Pre-IPO Fraud Scheme
Firm’s U.S.-based holding company QZ Global Ltd. also charged with fraud August 27, 2024/US SEC The Securities and Exchange Commission today announced charges against China-based investment adviser QZ Asset Management Limited a/k/a Qianze Asset Management Limited (QZ Asset), its South Dakota-based holding company QZ Global Limited, and the CEO of […]
