August 26, 2024/US SEC The Securities and Exchange Commission today announced awards of more than $24 million to two whistleblowers whose information and assistance led to an SEC enforcement action and an action brought by another agency. The first whistleblower will receive an award of $4 million, while the second […]
Frauds & Scandals
SEC Obtains Emergency Relief, Charges CEO and Her Convicted Felon Spouse in $56 Million South Florida Real Estate Ponzi Scheme
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 […]
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 […]
