July 29, 2024/US SEC On July 25, 2024, Judge Richard Seeborg of the U.S. District Court for the Northern District of California granted the SEC’s motion for summary judgment against Sivannarayana Barama and entered a final judgment against Barama, finding him liable for almost $8.5 million as a result of […]
Frauds & Scandals
SEC Charges CEO of Houston Energy Company with Fraud
July 29, 2024/US SEC The Securities and Exchange Commission announced today that it filed charges against Thomas San Miguel, founder and former Chief Executive Officer of SGR Energy, Inc. (“SGR Energy”), a Houston-based fuel-blending business, for engaging in an unregistered and fraudulent securities offering. The SEC’s complaint alleges that between […]
SEC Charges Andrew Left and Citron Capital for $20 Million Fraud Scheme
July 26, 2024/US SEC The Securities and Exchange Commission today announced charges against activist short seller Andrew Left and his firm, Citron Capital LLC, for engaging in a $20 million multi-year scheme to defraud followers by publishing false and misleading statements regarding his supposed stock trading recommendations. The SEC’s complaint […]
