May 3, 2018/US SEC On May 1, 2018, a federal district court in Manhattan granted the Securities and Exchange Commission’s motion for a preliminary injunction, extending until the conclusion of the case the emergency order previously entered by the court freezing more than $27 million in trading proceeds from allegedly […]
Frauds & Scandals
SEC Seeks Order Requiring Shawn Carter to Comply With Subpoena for Testimony
May 3, 2018/US SEC The Securities and Exchange Commission has filed a subpoena enforcement action against Shawn Carter seeking an order directing him to comply with an investigative subpoena for his testimony. According to the application and supporting papers, which were filed in federal court in the Southern District of […]
SEC Shuts Down $85 Million Ponzi Scheme and Obtains Asset Freeze
2/5/2018/US SEC n May 1, 2018 a federal court in Jackson, Mississippi unsealed the Commission’s previously filed fraud charges against a Mississippi company and its principal who allegedly bilked at least 150 investors in an $85 million Ponzi scheme. The defendants agreed to permanent injunctions, an asset freeze, and expedited […]
