August 13, 2024/US SEC On August 9, 2024, the U.S. District Court for the District of New Jersey entered a final consent judgment against Robert Del Prete. The SEC had charged Del Prete with insider trading when he purchased shares of HighCape Capital Acquisition Corp. (“HighCape”), a special purpose acquisition […]
Frauds & Scandals
SEC Charges NovaTech and its Principals and Promoters with $650 Million Crypto Fraud
Multi-level marketing company promoted scheme to defraud more than 200,000 investors worldwide August 12, 2024/US SEC — The Securities and Exchange Commission today announced charges against Cynthia and Eddy Petion, along with their company, NovaTech Ltd., for operating a fraudulent scheme that raised more than $650 million in crypto assets […]
SEC Charges OTC Link LLC with Failing to File Suspicious Activity Reports
August 12, 2024/US SEC The Securities and Exchange Commission today announced charges against OTC Link LLC, a New York-based broker-dealer, for failing to file numerous reports of suspicious financial transactions, known as Suspicious Activity Reports (SARs), for a period of more than three years. OTC Link agreed to pay $1.19 […]
