August 20, 2024/US SEC The Securities and Exchange Commission today announced that it filed an emergency action and obtained an asset freeze against Wells Real Estate Investment, LLC (“Wells”), based in West Palm Beach, Florida, its CEO Janalie C. Bingham and undisclosed control person and previously convicted financial fraud felon […]
Frauds & Scandals
SEC Charges Carl Icahn and Icahn Enterprises L.P. for Failing to Disclose Pledges of Company’s Securities as Collateral for Billions in Personal Loans
August 19, 2024/US SEC The Securities and Exchange Commission today announced charges against Carl C. Icahn and his publicly traded company, Icahn Enterprises L.P. (IEP), for failing to disclose information relating to Icahn’s pledges of IEP securities as collateral to secure personal margin loans worth billions of dollars under agreements […]
SEC Charges Russell Todd Burkhalter and His Atlanta-Based Firm With $300 Million Ponzi Scheme and Obtains Emergency Relief
Burkhalter allegedly stole investor funds to buy a $3.1 million yacht and fund lavish lifestyle August 14, 2024/US SEC The Securities and Exchange Commission today announced that it obtained a preliminary injunction, asset freeze, and other emergency relief against Atlanta-based Drive Planning LLC and its founder and CEO, Russell Todd […]
