SEC Charges Stock Squirrel and John Feloni in $1.6 Million Securities Fraud
On September 29, 2023, the SEC charged Massachusetts-based company Stock Squirrel, Inc. and John Feloni, its president and CEO, with defrauding investors of approximately $1.6 million in an unregistered securities offering. According to the SEC’s complaint Feloni and… Read More
Category: Blog Posts Tags: John Feloni, SEC Action, SEC Actions, SEC Complaint, SEC enforcement, SEC Subpoena, Securities Fraud, Stock Squirrel
SEC Charges Adam R. Long, L2 Capital, LLC and Oasis Capital LLC, as Unregistered Dealers
On September 28, 2023, the Securities and Exchange Commission (the “SEC“) filed charges against Adam R. Long of Dorado, Puerto Rico, and two companies Long owns and controls for acquiring and selling nearly 6 billion shares of… Read More
Category: Blog Posts Tags: 12 Retech Corp (RETC), ABCO Energy Inc (ABCE), Adam Long, Agritek Holdings Inc (AGTK), Alexander J Dillon, Alfred Sollami, Allstar Health Brands Inc (ALST), Aluf Holdings, Arch Therapeutics Inc (ARTH), Arena Group Holdings Inc (AREN), Astro Aerospace Ltd (ASDN), Auctus Fund LLC, Auctus Fund Management LLC, Axxess Pharma, BHP Capital NY Inc, Bowmo Inc (BOMO), Bridgeway National Corp (fka BDGY), broker-dealer, Bryan Panofel, Bulova Technologies Group, Carebourn Capital LP, CD International Enterprises, Chicago Ventures Partners LP, Chip Alvin Rice, Connexa Sports Technologies Inc (CNXA), Convertible Note, Convertible Notes, Cosmin I Panait, Crownbridge Partners LLC, Cruzani Inc (CZNI), CUBA Beverage Company, Daniels Corporate Advisory Company, Dewmar International BMC, Digital Brands Group Inc (DBGI), Directview Holdings Inc (DIRV), East Coast Diversified Corp., Edward M Liceaga, Elray Resources, Energy Revenue America, Eyes on the Go, Fact Inc (FCTI), FBEC Worldwide Inc (FBEC), Generix Biotechnology Corp (GNBT), George Investments LLC, Gold & Silver Mining of Nevada, Gold and GemStone Mining Inc., GPL Management LLC, GPL Ventures, Green Energy Enterprises, Greenfield Farms Food, Grid Petroleum Corp./ Simlatus Corporation, Grow Solutions Holdings Inc (GRSO), Halberd Corporation, Halitron, Healthnostics, Hybrid Coating Technologies, Ibrahim Almagarby, Iliad Research and Trading LP, In Ovations Holdings, Indo Global Exchange(s) Pte, InoLife Technologies, Integral Technologies Inc (fka ITKG), InternetArray, IOTA Communications Inc (fka IOTC), Jaguar Health Inc (JAGX), JMJ Financial, John M. Fife, Joseph Lerman, Justin W Keener, L2 Capital LLC, Las Vegas Railway Express, LG Funding LLC, LIG Assets, Longeveron Inc (LGVN), Lord Global Corporation (LRDG), Louis Posner, Magnum Opus Acquisition Ltd (OPA), Mansfield-Martin Exploration Mining Inc (fka MCPI), Maptelligent Inc (MAPT), Medical Care Technologies Inc., Medizone International Inc (MZEIQ), MGT Capital Investments Inc (MGTI), Microcap Equity Group LLC, Miles M Riccio, Mining Global, Morningview Financial LLC, MyECheck, Next Galaxy Corp., North American Cannabis Holdings, NuGenerex Immuno-Oncology Inc (fka NUGX), Oasis Capital LLC, Ocean Thermal Energy (CPWR), Origin Agritech Ltd (SEED), otc, Penny stocks, PM&E, PotNetwork Holdings Inc., PPJ Healthcare Enterprises, Predictive Oncology Inc (POAI), Prenetics Global Limited (PRE), Propanc Biopharma Inc (PPCB), Quantum Computing Inc (QUBT), Quantum Materials Corp (QTMM), Quasar Aerospace Industries, Riot Blockchain (RIOT), River North Equity LLC, Sanomedics, SEC, SEC Action, SEC Actions, SEC Complaint, SEC enforcement, SEC Subpoena, Securities and Exchange Commission, Securities Fraud, Sepas Ahdoot, Seven Arts Entertainment, Sharing Economy International Inc (SEII), Sintx Technologies Inc (SINT), Slinger Bag Inc (SLBG), Soheil Ahdoot, Spectrum Global Solutions Inc (SGSI), Sphere 3D Corp (ANY), Terawulf Inc (WULF), Tonaquint Inc, Toxic Lender, Typenex Co-Investment LLC, Unregistered broker-dealer, Unregistered Dealer
SEC Charges Philip Verges, James D. Tilton, Jr., Robert F. Malin and Linda Malin
On September 26, 2023, the Securities and Exchange Commission (the “SEC“) filed charges against Texas resident Philip Verges (“Verges”), James D. Tilton, Jr. (“Tilton”), Robert F. Malin, Linda Malin, Esq., and Blue Citi, LLC (“Blue Citi”) for their… Read More
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SEC Charges Wilson J. Rondini, III and two companies Rondini controls for Operating as Unregistered Broker-Dealers
On September 18, 2023, the Securities and Exchange Commission (the “SEC“) announced charges against Florida resident Wilson J. Rondini, III and two companies Rondini controls, Falcon Capital LLP and Falcon Capital Partners Limited, alleging that all three operated… Read More
Category: Blog Posts Tags: BeatClub, Boxlight Corporation, broker-dealer, CNS Pharmaceuticals Inc, Esports Technologies Inc, Falcon Capital LLP, Falcon Capital Partners Limited, Going Public, Impossible Kicks, initial public offering, IPO, Job.com, Logiq Inc, Moleculin Biotech Inc, My Job Matcher Inc, pre-IPO, Quantum Computing Inc, SEC, SEC Action, SEC Actions, SEC Complaint, SEC enforcement, SEC Subpoena, Section 15(a), Securities Attorney, Securities Exchange Act of 1934, Securities Exchange Commission, Securities Fraud, Soliton Inc, Sondors Inc, StereoVision Imaging, TuneGO Inc, United States District Court for the Southern District of Florida, Volcon Inc, Weyland Tech, Wilson J Rondini III, Wilson Rondini III, World View Enterprises
OTC Markets OTC Pink Common Disclosure Issues
In 2021, OTC Markets Group provided guidance about public disclosures that companies are required to provide to reach the current information tier on the OTC MARKETS OTC Pink. Today, that information is just as relevant as ever. OTC… Read More
Category: Blog Posts Tags: 15c2-11, attorney letter, Disclosure Statement, Financial Statements, investors, otc, OTC Markets, OTC Markets Group, OTC Markets OTC Pink, OTC Markets OTC Pink Common Disclosure Issues, OTC Pink, Penny Stock, Pink Current, Pink Limited Information, Pink No Information, pink sheets, Public Company, Public Disclosures, Reporting Requirements, Rule 15c2-11, SEC, Securities Attorney
Wells Notices for Meta Materials Execs
As summer peaked at the end of July, Meta Materials (MMAT) popped back into the news. What had happened? The company filed a Form 8-K explaining that MMAT, its CEO George Palikaras. and John Brda, the former CEO… Read More
Category: Blog Posts Tags: congress, Daily List, Dividend, FINRA, Form 211, Gary Gensler, George Palikaras, John Brda, Meta Materials, Meta Materials Inc, Metamaterial Technologies Inc, Metamaterials Inc, MMAT, MMTLP, MOASS, Naked Shorts, NASD, nasdaq, Next Bridge, Next Bridge Hydrocarbons Inc, OTC Markets Group, Robert W Cook, SEC, SEC Attorney, SEC filings, Securities and Exchange Commission, Series A Preferred, Short Selling, Shorty, Spin-Off, subpoena, Torchlight, Torchlight Energy, TRCH, Wells Notice
SEC Charges Digital World Acquisition Corporation SPAC for Material Misrepresentations to Investors
On Thursday, July 20, 2023, the Securities and Exchange Commission (the “SEC“) announced settled fraud charges against Digital World Acquisition Corporation (DWAC), a special purpose acquisition company (SPAC), for making material misrepresentations in forms filed with the SEC… Read More
Category: Blog Posts Tags: Digital World Acquisition Corporation, Donald Trump, DWAC, Form S-4, IPO, SEC, SEC Action, SEC Actions, SEC Administrative Proceeding, SEC Attorney, SEC Charges, SEC Claim, SEC Complaint, SEC Defendant, SEC Defense, SEC Defense Attorney, SEC Defense Lawyer, SEC enforcement, SEC Fraud, SEC Injunction, SEC Law Firm, SEC Lawsuit, SEC Lawyer, SEC Litigation, SEC Penny Stock Bar, SEC Subpoena, SEC Suit, Securities and Exchange Commission, Securities Attorney, Securities Fraud, Securities Law Defense, SPAC, stock scheme, TMTG, Trump Media & Technology Group Corp, Truth Social
SEC Charges James P. Anglim in Connection with Fraudulent Scheme to Manipulate Stock Prices
On Monday, July 17, 2023, the Securities and Exchange Commission (the “SEC”) charged New Jersey resident and former broker-dealer registered representative, James P. Anglim, for engaging in multiple deceptive and manipulative schemes to assist various people who controlled… Read More
Category: Blog Posts Tags: 12 Retech Corp, Boiler Room, Bradley Moynes, CGS International, Charlestowne Premium Beverages Inc, Chester Alvarez, Digatrade Financial Corp, Francis Biller, fraud, Frederick L Sharp, GBX International Group, Homie Recipes Inc, Inc, James P Anglim, Joseph Padilla, Luis Carrillo, Oncology Pharma, OTC Markets, Paulson Investment Company LLC, Penny stocks, price manipulation, Proto Script Pharmaceutical Corp, pump and dump, Raymond Dove, Roger Knox, scam, SEC, SEC Action, SEC Administrative Proceeding, SEC Attorney, SEC Charges, SEC Claim, SEC Defendant, SEC Defense, SEC Defense Attorney, SEC Defense Lawyer, SEC enforcement, SEC Fraud, SEC Injunction, SEC Law Firm, SEC Lawsuit, SEC Lawyer, SEC Litigation, SEC Penny Stock Bar, SEC Subpoena, SEC Suit, Securities and Exchange Commission, Securities Attorney, Securities Fraud, Securities Law Defense, Short Selling, Sino United Worldwide Consolidated Ltd, Spartan Securities Group Ltd, Stevva Corp, stock manipulation, Stock Promotion, stock scheme, SUIC Worldwide Holdings Ltd, Xtreme Fighting Championships Inc
Former SEC Attorney and Recidivist Securities Violator Phillip W. Offill Sentenced to Prison Again
On July 12, 2023, former securities attorney Phillip W. Offill was sentenced today to six years in prison and ordered to pay $1.385 million in restitution to victims for his role in a conspiracy to defraud over 1,000… Read More
Category: Blog Posts Tags: criminal charges, Department of Justice, doj, fraud, Indictment, Mansfield-Martin Exploration Mining Inc, MCPI, Phillip W. Offill, pump and dump, scam, SEC, SEC Action, SEC Administrative Proceeding, SEC Attorney, SEC Charges, SEC Claim, SEC Defendant, SEC Defense, SEC Defense Attorney, SEC Defense Lawyer, SEC enforcement, SEC Fraud, SEC Injunction, SEC Law Firm, SEC Lawsuit, SEC Lawyer, SEC Litigation, SEC Penny Stock Bar, SEC Subpoena, SEC Suit, Securities and Exchange Commission. SEC attorney, Securities Attorney, Securities Fraud, Securities Law Defense, stock scheme
SEC Arrives Too Late; Ponzi Scheme Polka Ends in Murder-Suicide
On February 1, 2023, three Minnesota men met in a parking lot in Bloomington, about 10 miles from Minneapolis, to discuss business. Richard B. Myre, 44, arrived first, in his black Ford F-150. He pulled into the lot… Read More
Category: Blog Posts Tags: affinity scam, All Over Nutrition, Dale Dahmen, Dominick Dahmen, FINRA, murder, O.N. Equity, Pierz Nutrition, Polka Beats, Richard B Myers, SEC, SEC Action, SEC Administrative Proceeding, SEC Attorney, SEC Charges, SEC Claim, SEC Complaint, SEC Defendant, SEC Defense, SEC Defense Attorney, SEC Defense Lawyer, SEC enforcement, SEC Fraud, SEC Injunction, SEC Law Firm, SEC Lawsuit, SEC Lawyer, SEC Litigation, SEC Penny Stock Bar, SEC Subpoena, SEC Suit, Securities and Exchange Commission, Securities Attorney, Securities Fraud, Securities Law Defense, Spartan Trading LLC, stock scheme, suicide
Crypto Community Takes Aim at SEC Chair Gary Gensler
As this year’s long Fourth of July holiday began, surprising “news” about Gary Gensler, chairman of the Securities and Exchange Commission, spread across social media. Its source was a blog called CryptoAlert. The headline was an attention grabber:… Read More
Category: Blog Posts Tags: crypto, Gary Gensler, SEC Action, SEC Administrative Proceeding, SEC Attorney, SEC Charges, SEC Claim, SEC Defendant, SEC Defense, SEC Defense Attorney, SEC Defense Lawyer, SEC enforcement, SEC Fraud, SEC Injunction, SEC Law Firm, SEC Lawsuit, SEC Lawyer, SEC Litigation, SEC Penny Stock Bar, SEC Subpoena, SEC Suit, Securities Fraud, Securities Law Defense, stock scheme
Hester Peirce Asks: Are SEC Penny Stock Bars Fair?
On June 21, 2023, the SEC announced the resolution of four administrative proceedings that had been filed against unregistered broker-dealers and associates of unregistered broker-dealers in 2019. All four respondents had defaulted on the Orders Instituting Proceedings served… Read More
Category: Blog Posts Tags: 7S Oil & Gas LLC, Administrative Order, administrative proceedings, Aegis Oil LLC, Alexander Charles White, Bad Actor, broker-dealer, dodd-frank, Financial Industry Regulatory Authority, FINRA, Hector Pierece, Hester Peirce, KT-50 wells, Mitchell B. Dow, Penny Stock, Penny Stock Action, penny stock ban, Penny Stock Bar, Penny Stock Reform Act, Penny stocks, promoter, Sarbanes-Oxley Act, SEC, SEC Action, SEC administrative actions, SEC Administrative Proceeding, SEC Attorney, sec bar, SEC Charges, SEC Claim, SEC Defendant, SEC Defense, SEC Defense Attorney, SEC Defense Lawyer, SEC enforcement, SEC Fraud, SEC Injunction, SEC Law Firm, SEC Lawsuit, SEC Lawyer, SEC Litigation, SEC Order, SEC Penny Stock Bar, SEC Subpoena, SEC Suit, Section 15(a)(1), Section 5(a), Section 5(c), Securities and Exchange Commission, Securities Attorney, Securities Fraud, Securities Law Defense, Steven G. Blasko, stock scheme, the Exchange Act of 1933, the Exchange Act of 1934, The Securities Act, Unregistered broker-dealer, William Harper Minor
FINRA Presents the Warning Signs of a Ramp and Dump Scheme
Just about everybody knows what a “pump-and-dump” scheme is. It’s a type of price manipulation where bad actors use falsified, heavily promoted news, financial statements or other marketing communications to increase volume and manipulate the market price of… Read More
Category: Blog Posts Tags: bad actors, China, Financial Industry Regulatory Authority, FINRA, foreign Issuers, IPO, price manipulation, pump and dump, ramp-and-dump, scam, SEC, SEC Action, SEC Administrative Proceeding, SEC Attorney, SEC Charges, SEC Claim, SEC Defendant, SEC Defense, SEC Defense Attorney, SEC Defense Lawyer, SEC enforcement, SEC Fraud, SEC Injunction, SEC Law Firm, SEC Lawsuit, SEC Lawyer, SEC Litigation, SEC Penny Stock Bar, SEC Subpoena, SEC Suit, Securities Attorney, Securities Fraud, Securities Law Defense, small-cap, Social Media, stock scheme
SEC Charges Convertible Note Dealer, BHP Capital NY Inc, and Its Owner, Bryan Pantofel, for Failure to Register
On Thursday, June 16, 2023, the Securities and Exchange Commission (the “SEC”) announced settled charges against a convertible note dealer, BHP Capital NY, Inc., and its managing member, Bryan Pantofel, for failing to register with the SEC as… Read More
Category: Blog Posts Tags: AHRO, American Battery Metals Corp, American International Holdings Corp, AMIH, Authentic Holdings Inc, BBIG, BHP Capital NY Inc, BIMI, BIMI International Medical Inc, BLTH, BRBL, BrewBilt Brewing Co, Broker, broker-deaker, Bryan Pantofel, Cannabis Global Inc, CannaPharmaRx Inc, CarbonMeta Technologies Inc, CBGL, CELZ, Chineseinvestors.com Inc, CIIX, Convertible Note, COWI, CPMD, Creative Medical Technology Holdings Inc, Dais Corporation, Dealer, Deep Green Waste & Recycling Inc, DGWR, Digerati Technologies Inc, DLYT, DTGI, Eightco Holdings Inc, EWellness Healthcare Corp, EWLL, financing, FTE Networks Inc, FTNW, FUBO, FuboTV Inc, Generex Biotechnology Corp, GEX Management Inc, GNBT, GXXM, Healthlynked Corp, Hemp Naturals Inc, HLYK, HPMM, IINX, INTV, Ionix Technology Inc, IQST, iQSTEL Inc, KinerjaPay Corp, KOAN, KPAY, Marijuana Company of America Inc, MCOA, Mirage Energy Corp, Mitesco Inc, MITI, MMMM, MRGE, NaturalShrimp Inc, OCTO, Optec International Inc, OPTI, OTTV, PBYA, Pharmagreen Biotech Inc, PHBI, Probility Media Corp, Quad M Solutions Inc, Quatum Computing Inc, QUBT, REMSleep Holdings Inc, Resonate Blends Inc, RMSL, SEC, SEC Action, SEC Administrative Proceeding, SEC Attorney, SEC Charges, SEC Claim, SEC Complaint, SEC Defendant, SEC Defense, SEC Defense Attorney, SEC Defense Lawyer, SEC enforcement, SEC Fraud, SEC Injunction, SEC Law Firm, SEC Lawsuit, SEC Lawyer, SEC Litigation, SEC Penny Stock Bar, SEC Subpoena, SEC Suit, Securities and Exchange Commission, Securities Attorney, Securities Fraud, Securities Law Defense, SHMP, Stealth Technologies Inc, stock scheme, STTH, SURG, SurgePays Inc, Sylios Corp, TAUG, Tauriga Sciences Inc, TGHI, Touchpoint Group Holdings Inc, toxic debt, UNGS, Unregistered broker-dealer, Vinco Ventures Inc, Viva Entertainment Group Inc, Yangtze River Port & Logistics, YRIV
SEC Charges Auctus Fund Management LLC and Its Co-Owners, Louis Posner and Alfred Sollami, with Acting as Unregistered Securities Dealers
On June 1, 2023, the Securities and Exchange Commission (the “SEC”) announced charges against Auctus Fund Management, LLC (“Auctus Management”) and its co-owners Alfred Sollami of Brookline, Massachusetts and Louis Posner of Mansfield, Massachusetts, for failing to register… Read More
Category: Blog Posts Tags: Alfred Sollami, Auctus Fund LLC, Auctus Fund Management LLC, Convertible Notes, Custom Equity Research Partners LLC, Cyrus M Alphonse, FINRA, Louis Posner, NASD, Penny stocks, SEC, SEC Action, SEC Administrative Proceeding, SEC Attorney, SEC Charges, SEC Claim, SEC Complaint, SEC Defendant, SEC Defense, SEC Defense Attorney, SEC Defense Lawyer, SEC enforcement, SEC Fraud, SEC Injunction, SEC Law Firm, SEC Lawsuit, SEC Lawyer, SEC Litigation, SEC Penny Stock Bar, SEC Subpoena, SEC Suit, securities and exchange commission. toxic funder, Securities Attorney, Securities Fraud, Securities Law Defense, South Street Capital Partners, stock scheme, Unregistered Broker
SEC Obtains Final Judgment Against Thomas Ronk, Former Short Seller Opportunist
On April 14, 2023, the U.S. District Court for the Central District of California entered a final consent judgment against Thomas Carter Ronk imposing injunctive relief, a five-year officer-and-director bar, a five-year penny stock bar, and a civil… Read More
Category: Blog Posts Tags: Angelique de Maison, buyins.net, Casablanca Mining Ltd, Criminal Indictment, FINRA, Gepco Ltd, Gold Standard Mining Corporation, Indictment, Izak Zirk de Maison, Izak Zirk Engelbrecht, Kenneth Eade, Pegasus Wireless Corp, Revolutions Medical Corp, scam, SEC, SEC Action, SEC Administrative Proceeding, SEC Attorney, SEC Charges, SEC Claim, SEC Defendant, SEC Defense, SEC Defense Attorney, SEC Defense Lawyer, SEC enforcement, SEC Fraud, SEC Injunction, SEC Law Firm, SEC Lawsuit, SEC Lawyer, SEC Litigation, SEC Penny Stock Bar, SEC Subpoena, SEC Suit, Securities and Exchange Commission, Securities Fraud, Securities Law Defense, SqueezeTrigger, stock fraud, stock manipulation, Stock Promotion, stock scheme, Thomas Carter Ronk, Thomas Ronk, Universal Express Inc., Wealthmakers Ltd
OTC Markets provides guidance on understanding FINRA Daily Short Sale Volume Data
Despite that the Securities and Exchange Commission adopted Regulation SHO more than 15 years ago, the age of meme stocks has caused “short squeeze” debates to become a regular and passionate topic on Reddit and social media, which… Read More
Category: Blog Posts Tags: daily short report, FINRA, meme stocks, OTC Markets, Reddit, Reg SHO, SEC, Securities and Exchange Commission, Securities Attorney, Short Selling, short squeeze, shorts
SEC Shuts Down WeedGenics – $60 Million Cannabis Offering Fraud
On March 23, 2023, the Securities and Exchange Commission (the “SEC”) obtained an emergency order to halt an alleged ongoing offering fraud and Ponzi-like scheme by Integrated National Resources Inc. (INR), which does business as WeedGenics, and its… Read More
Category: Blog Posts Tags: Aia Montgomery, Alexandria Porter Bovee, BigRigBaby, Cannabis, Form D, fraud, Integrated National Resources Inc, John Eric Fancom, Max Bergmann, Michael Delgado, offer, Patrick Earl Williams, Private Placement, Rolf Max Hirschmann, scam, SEC, Securities Attorney, Securities Exchange Commission, Tyler Campbell, WeedGenics
Shell Hijacker, Mark Miller, Sentenced to One Year in Prison
On May 18, 2023, Mark Miller became the last of three men to be sentenced for a securities fraud scheme that involved hijacking several abandoned penny stocks, then using them for an illegal pump-and-dump stock manipulation scheme. Miller… Read More
Category: Blog Posts Tags: Alan Masley, BBDA, Bebida Beverage Company, Bell Buckle Holdings, BLLB, Breezy Point, Cann American Corp, Capitol Capital Corporation, Christopher James Rajkaran, Christopher Rajkaran, CNNA, David Goulding, DIGI, Digitiliti Inc, ECMH, Encompass Holdings, fraud, Gary Kouletas, GBEN, Global Resource Energy Inc, Howard Salamon, IGEX, Indictment, Indo Global Exchanges Ptd Ltd, Jason Black, Jason Tucker, Jesus Cipriano, John O'Shea, lawsuit, LEAS, Mark Allen Miller, Mark Miller, Market Cap Concepts LLC, MarketCap, Marketing Worldwide Inc, MEDH, Medx Holdings Inc, Minnesota, MWWC, New World Gold Corp, NWGC, PAG Group LLC, Penny stocks, pump and dump, Robyn Goulding, Saeid Jaberian, SAPX, Securities Attorney, Seven Arts Entertainment Inc, Simulate Environment Concepts, SMEV, stock manipulation, Strategic Asset Leasing Inc, Tiger Trout Capital LLC, UITA, Utilicraft Aerospace Industries, Via Capital
SEC Obtains Partial Summary Judgment Against Joshua Sason and Magna Group in IIIegal Microcap Securities Offerings
On May 4, 2023, the U.S. District Court for the Southern District of New York granted the Commission summary judgment on its non-fraud claims against three individuals and their related businesses. According to the SEC’s complaint, from approximately… Read More
Category: Blog Posts Tags: fraud, Joshua Sason, Kautilya Sharma, Lustros Inc, Magna Equities II, Magna Group, Marc Manuel, MG Partners, NewLead Holdings, Pallas Holdings, Perian Salviola, promissory notes, SEC, SEC Action, SEC Administrative Proceeding, SEC Attorney, SEC Charges, SEC Claim, SEC Defendant, SEC Defense, SEC Defense Attorney, SEC Defense Lawyer, SEC enforcement, SEC Fraud, SEC Injunction, SEC Law Firm, SEC Lawsuit, SEC Lawyer, SEC Litigation, SEC Penny Stock Bar, SEC Subpoena, SEC Suit, Securities and Exchange Commission, Securities Fraud, Securities Law Defense, stock scheme
SEC Obtains Final Judgments Against Alexander J. Dillon, Cosmin I. Panait, and their corporate entities GPL Ventures LLC and GPL Management LLC
On May 2, 2023, the U.S. District Court for the Southern District of New York entered final judgments against Alexander J. Dillon, Cosmin I. Panait, and their corporate entities GPL Ventures LLC and GPL Management LLC, whom the… Read More
Category: Blog Posts Tags: AITX, Alexander J Dillon, AMBS, ASCK, AWON, AXXA, CBDL, CHGT, CNNA, Cosmin I Panait, DGWR, DLCR, DNAX, DRCR, FBEC, fraud, FTEG, GDET, GMPR, GPL Management LLC, GPL Ventures LLC, GTOR, HempAmericana Inc, HIHI, HMPQ, HPIL, ICBU, ILUS, IMTL, KPOC, MAPT, market manipulation, MASN, MMNT, NEWC, NODC, NWPN, Penny stocks, PPJE, PRKI, PSID, PSWW, pump & dump, QALB, QEDN, RSAU, scam, SCIE, SDEC, SEC, SEC Action, SEC Administrative Proceeding, SEC Attorney, SEC Charges, SEC Claim, SEC Defendant, SEC Defense, SEC Defense Attorney, SEC Defense Lawyer, SEC enforcement, SEC Fraud, SEC Injunction, SEC Law Firm, SEC Lawsuit, SEC Lawyer, SEC Litigation, SEC Penny Stock Bar, SEC Subpoena, SEC Suit, Securities and Exchange Commission, Securities Attorney, Securities Fraud, Securities Law Defense, SOUM, Stock Promotion, stock scheme, TGRR, UNEQ, URAL, XREG, ZICX
SEC Obtains Default Judgments Against Lesley Greyling and Trend Investments Inc
On April 25, 2023, the U.S. District Court for the District of Massachusetts entered final judgments against defendants Trends Investments Inc, Leslie Greyling and Brandon Rossetti, who were previously charged by the SEC with engaging in a scheme… Read More
Category: Blog Posts Tags: ABTI, Alterola Biotech Inc, Brandon Rossetti, Bulls Run Investments Limited, Clinton Greyling, doj, fraud, investment scheme, Jeffrey Martin, Leslie Greyling, QEBR, SEC, SEC Action, SEC Administrative Proceeding, SEC Attorney, SEC Charges, SEC Claim, SEC Defendant, SEC Defense, SEC Defense Attorney, SEC Defense Lawyer, SEC enforcement, SEC Fraud, SEC Injunction, SEC Law Firm, SEC Lawsuit, SEC Lawyer, SEC Litigation, SEC Penny Stock Bar, SEC Subpoena, SEC Suit, Securities Attorney, Securities Fraud, Securities Law Defense, stock scheme, Thomas Capellini, TKCM, Token Communities Ltd, Trends Investments Inc, Virtual medical International Inc
Five People Charged in $2M Virtual Asset and Securities Manipulation Scheme
An indictment was unsealed on Monday, April 24th in Miami charging two U.S. citizens and a South African national with conspiring to manipulate the market for HYDRO, a virtual asset created by the Hydrogen Technology Corporation. Two other… Read More
Category: Blog Posts Tags: Andrew Chorlian, Commodities, crypto currency, doj, fbi, Financial Fraud Securities, fraud, George Wolvaardt, Hydrogen Technology Corporation, HYRDO, Investment Fraud, Michael Kane, SEC Action, SEC Administrative Proceeding, SEC Attorney, SEC Charges, SEC Claim, SEC Defendant, SEC Defense, SEC Defense Attorney, SEC Defense Lawyer, SEC enforcement, SEC Fraud, SEC Injunction, SEC Law Firm, SEC Lawsuit, SEC Lawyer, SEC Litigation, SEC Penny Stock Bar, SEC Subpoena, SEC Suit, securities, Securities Fraud, Securities Law Defense, Securities Manipulation, Shane Hampton, stock scheme, trading bot, Tyler Ostern, virtual assets, wash trading
Gerald Shaw, a Disbarred Attorney and Convicted Felon, Arrested For Involvement In Multi-Million-Dollar Fraud Scheme
On Thursday, April 20, 2023, Damian Williams, the United States Attorney for the Southern District of New York, Michael J. Driscoll, the Assistant Director in Charge of the New York Field Office of the Federal Bureau of Investigation… Read More
Category: Blog Posts Tags: arrest, attorney, disbarred attorney, Dominion Bank, Dominion Bank and Trust Company, fake loans, fbi, Federal Bureau of Investigation, felon, fraud, fraud scheme, Gerald Shaw, Indictment, Jerry Shaw, Office of Homeland Security, SBLC, scam, SEC Action, SEC Administrative Proceeding, SEC Attorney, SEC Charges, SEC Claim, SEC Defendant, SEC Defense, SEC Defense Attorney, SEC Defense Lawyer, SEC enforcement, SEC Fraud, SEC Injunction, SEC Law Firm, SEC Lawsuit, SEC Lawyer, SEC Litigation, SEC Penny Stock Bar, SEC Subpoena, SEC Suit, Securities Fraud, Securities Law Defense, Southern District of New York, stock scheme, United States Attorney
Reverse Mergers After Amended Form 15c-21
A “Reverse Merger” is a transaction whereby a privately held company becomes a Public Company (“Public Company” or “Public Company Candidate”) by acquiring or merging with a publicly traded company that is usually quoted on the OTC Markets… Read More
Category: Blog Posts Tags: 15c-211, Alternative Reporting Standards, Bad Actor, control person, cusip, custodianship shell, Direct Public Offering, director, dorman shell, DTC Eligibility, Due Diligence, Expert Market, Financial Industry Regulatory Authority, financials, FINRA, Form 211, Form 8-K, initial public offering, officer, OTC Markets, OTC Pink, OTCQB, Public Company, Public Company candidate, Reverse Merger, reverse stock split, SEC, SEC Action, SEC Administrative Proceeding, SEC Attorney, SEC Charges, SEC Claim, SEC Defendant, SEC Defense, SEC Defense Attorney, SEC Defense Lawyer, SEC enforcement, SEC Fraud, SEC Injunction, SEC Law Firm, SEC Lawsuit, SEC Lawyer, SEC Litigation, SEC Penny Stock Bar, SEC Reporting, SEC Subpoena, SEC Suit, Securities and Exchange Commission, Securities Attorney, Securities Fraud, Securities Law Defense, Shell Company, stock scheme, Transfer Agent, Unregistered broker-dealer, US GAAP, zombie ticker
SEC Charges Sean Wygovsky and Christopher Matthaei in Multi-Million Dollar SPAC Insider Trading Scheme
On March 30, 2023, the Securities and Exchange Commission (the “SEC“) filed insider trading charges against Sean Wygovsky, a former trader at a Canadian asset management firm, and Christopher Matthaei, a former partner at a U.S. broker-dealer, for… Read More
Category: Blog Posts Tags: Archer Aviation Inc, Artius Acquisition Inc, Atlas Crest Investment Corp, Christopher Matthaei, criminal charges, dMY Technology Group, fraud, Fusion Acquisition Corp, Healthcare Merger Corp, Hyliion Inc, Inc, Indictment, insider trading, LP, MoneyLion Inc, nasdaq, nyse, Origin Materials Inc, Otonomo Technologies Ltd, Public Company, Rush Street Interactive, Sean Wygovsky, SEC, SEC Action, SEC Administrative Proceeding, SEC Attorney, SEC Charges, SEC Claim, SEC Complaint, SEC Defendant, SEC Defense, SEC Defense Attorney, SEC Defense Lawyer, SEC enforcement, SEC Fraud, SEC Injunction, SEC Law Firm, SEC Lawsuit, SEC Lawyer, SEC Litigation, SEC Penny Stock Bar, SEC Subpoena, SEC Suit, Securities and Exchange Commission, Securities Fraud, Securities Law Defense, SOC Telemed, Software Acquisition Group Inc. II, SPAC, special purpose acquisition companies, stock scheme, Tortoise Acquisition Corp
Lindsay Lohan, Jake Paul and six other celebrities charged by the SEC in crypto fraud
On Wednesday, March 22nd, the Securities and Exchange Commission (the “SEC“) announced charges against eight celebrities in connection with a broader investigation of crypto entrepreneur Justin Sun and three of his companies: Tron Foundation Limited, BitTorrent Foundation Ltd.,… Read More
Category: Blog Posts Tags: Akon, Aliaune Thiam, Austin Mahone, BitTorrent, BitTorrent Foundation Ltd, BTT, crypto, DeAndre Cortez Way, fraud, illegal sales, Jake Paul, Justin Sun, Kendra Lust, Lil Yachty, Lindsay Lohan, market manipulation, Michele Mason, Miles Parks McCollum, Ne-Yo, Rainberry Inc, SEC, SEC Action, SEC Administrative Proceeding, SEC Attorney, SEC Charges, SEC Claim, SEC Complaint, SEC Defendant, SEC Defense, SEC Defense Attorney, SEC Defense Lawyer, SEC enforcement, SEC Fraud, SEC Injunction, SEC Law Firm, SEC Lawsuit, SEC Lawyer, SEC Litigation, SEC Penny Stock Bar, SEC Subpoena, SEC Suit, Securities and Exchange Commission, Securities Attorney, Securities Fraud, Securities Law Defense, securities violation, Shaffer Smith, Soulja Boy, stock scheme, Tron Foundation Limited, Tronix, TRX, unregistered securities, wash trading
Motion to Dismiss Denied by Court in DarkPulse Case Against EMA Financial LLC
On March 1, 2023, EMA Group, LLC (“EMA Group”) and Felicia Preston (“Preston”), the sole owner of EMA Group, lost a motion to dismiss RICO charges in a lawsuit filed against the lender by Darkpulse, Inc. (“Darkpulse”). Darkpulse… Read More
Category: Blog Posts Tags: civil charges, Dark Pulse Inc, death spiral, discounted stock, EMA Financial LLC, EMA Group LLC, Felicia Preston, Ibrahaim Almagarby, lawsuit, Microcap Equity Group, Penny Stock, predatory lending, RICO charges, SEC Action, SEC Administrative Proceeding, SEC Attorney, SEC Charges, SEC Claim, SEC Defendant, SEC Defense, SEC Defense Attorney, SEC Defense Lawyer, SEC enforcement, SEC Fraud, SEC Injunction, SEC Law Firm, SEC Lawsuit, SEC Lawyer, SEC Litigation, SEC Penny Stock Bar, SEC Subpoena, SEC Suit, Securities Fraud, Securities Law Defense, stock scheme, the Basile Law Firm PC, toxic debt, Toxic Lender, unjust enrichment, Usury Laws
SEC Charges The Church of Jesus Christ of Latter-day Saints and Its Investment Management Company for Disclosure Failures and Misstated Filings
On February 21, 2023, the Securities and Exchange Commission (the “SEC“) announced charges against Ensign Peak Advisers Inc., a non-profit entity operated by The Church of Jesus Christ of Latter-day Saints to manage the Church’s investments, for failing… Read More
Category: Blog Posts Tags: Ensign Peak Advisers Inc, Form 13F, SEC, SEC Action, SEC Administrative Proceeding, SEC Attorney, SEC Charges, SEC Claim, SEC Defendant, SEC Defense, SEC Defense Attorney, SEC Defense Lawyer, SEC enforcement, SEC Fraud, SEC Injunction, SEC Law Firm, SEC Lawsuit, SEC Lawyer, SEC Litigation, SEC Order, SEC Penny Stock Bar, SEC Subpoena, SEC Suit, securities, Securities and Exchange Commission, Securities Fraud, Securities Law Defense, Shell Companies, stock scheme, The Church of Jesus Christ of Latter-day Saints
SEC Charges NBA Hall of Famer Paul Pierce for Unlawfully Touting and Making Misleading Statements about Crypto Security
On February 17, 2023, the Securities and Exchange Commission (the “SEC“) charged yet another celebrity for promoting a crypto asset security without disclosing the nature, source, and amount of compensation they received in exchange for the promotion. This… Read More
Category: Blog Posts Tags: anti-touting, crypto, EMAX, ethereummax, federal securities laws, fraud, NBA, Paul Pierce, Promotion, SEC, SEC Order, Securities and Exchange Commission, Securities Attorney, Twitter
