July 19, 2024/US SEC The Securities and Exchange Commission’s Division of Enforcement this month launched the Interagency Securities Council (ISC), which invites federal, state, and local regulatory and law enforcement professionals to meet quarterly to discuss the latest in scams, trends, frauds, and mitigation strategies. The ISC’s objective is to […]
Frauds & Scandals
SEC Awards More Than $37 Million to a Whistleblower
July17, 2024/US SEC The Securities and Exchange Commission today announced an award of more than $37 million to a whistleblower who provided information not previously known to the SEC and which significantly contributed to a successful enforcement action. The whistleblower also met with Enforcement staff and identified potential witnesses and […]
SEC Charges Additional Defendant in Connection with $38 Million Ponzi-Like Scheme to Defraud Investors
July 15, 2024/US SEC The Securities and Exchange Commission filed an Amended Complaint adding Shlomo Erez, a citizen of Israel, as a defendant in its previously filed action alleging a multi-million-dollar Ponzi-like fraud scheme, which involves raising money from investors to fund purported deals to purchase, distribute, and sell in-demand healthcare […]
