April 12, 2024/US SEC The Securities and Exchange Commission today announced fraud charges against a Los Angeles real estate developer, JL Real Estate Development Corporation, its chief executive officer, Lixin Azarmehr, and EB-5 offering and developing entities Nevada Skilled Nursing Lender, LLC (“Lender”) and Nevada Skilled Nursing Development, LLC (“Developer”) […]
Frauds & Scandals
Jury Returns Verdict Finding Defendant Matthew Panuwat Liable for Insider Trading
April 8, 2024/USSEC On April 5, 2024, after an eight-day jury trial in the U.S. District Court for the Northern District of California, the Securities and Exchange Commission obtained a verdict in its favor in its case alleging insider trading in violation of the federal securities laws against defendant Matthew […]
SEC Obtains Final Judgment Against Volkswagen Financing Subsidiary in Connection With “Clean Diesel” Emissions Fraud
April 5, 2024/US SEC On April 3, 2024, the Securities and Exchange Commission obtained final judgment by consent against defendant Volkswagen Group of America Finance, LLC (“VWGOAF”), which the SEC had charged in 2019 with making false and misleading statements in connection with its 2014 and 2015 offerings of billions […]
