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 […]
Frauds & Scandals
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 […]
SEC Obtains Final Judgment Against Former SPAC Accounting Consultant Charged with Insider Trading
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 […]