Massachusetts resident liquidated his Getty Images stock holdings after sham offer to buy company drove up its stock price May 31, 2024/US SEC The Securities and Exchange Commission today charged Robert Scott Murray and Trillium Capital LLC, a private company controlled by Murray, with a fraudulent scheme to manipulate the […]
Frauds & Scandals
SEC Charges North Carolina Man and His Advisory Firm With Running Ponzi Scheme Victimizing More Than 100 Clients
May 30, 2024/US SEC The Securities and Exchange Commission has charged Charlotte, North Carolina resident Frank Lynold Mercado and the unregistered advisory firm that he controlled, Tiger Wolf Capital, LLC, with defrauding more than 100 investors through a Ponzi scheme. According to the SEC’s complaint, between August 2019 and February […]
SEC Charges Advisory Firm Mass Ave Global and Co-Founder and CEO Winston Feng with False Statements and Undisclosed Conflicts
May 30, 2024/US SEC The Securities and Exchange Commission today instituted settled proceedings against formerly registered investment adviser Mass Ave Global Inc. (MassAve) and its co-founder and CEO Winston M. Feng for making false and misleading statements to investors in MassAve’s flagship opportunity fund. To settle the SEC’s charges, MassAve […]
