May 2, 2018/US SEC Two South Florida men have agreed to lifetime bars from the penny stock business to settle charges that they orchestrated a fraudulent pump-and-dump scheme involving shares of Valentine Beauty Inc., a Sunrise, Florida, company that purported to be in the beauty products business. The SEC alleges […]
Frauds & Scandals
SEC Charges North Carolina-Based Microcap Company, CEO,Others in Scheme to Defraud Investors
May 2, 2018/US SEC The Securities and Exchange Commission has charged a microcap public company based in Charlotte, North Carolina, the company’s CEO, and other individuals in connection with an alleged scheme to defraud investors. The SEC’s complaint, filed in federal court in Atlanta, Georgia, alleges that Revolutionary Concepts, Inc. […]
SEC Shuts Down $85 Million Ponzi Scheme and Obtains Asset Freeze
May 1, 2018/US SEC The Securities and Exchange Commission today announced the unsealing of 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 discovery. The SEC’s […]
