Legal Eagle Review
SEC Charges Penny Stock Company CEO and Purported Business Partner for Defrauding Investors With False Press Releases
- Details
- Written by LER
The Securities and Exchange Commission today charged a serial con artist and a penny stock company CEO with misleading investors in a supposed vaccine development company by issuing false press releases portraying it as a successful venture when it was in fact a failing enterprise.
Corporate Executives, Registered Brokers, and an Attorney Indicted for Orchestrating a $300 Million Market Manipulation Scheme Involving Four Publicly Traded Companies
- Details
- Written by FBI
A ten-count indictment was unsealed this morning in federal court in Brooklyn, New York, against seven defendants, Abraxas J. Discala, also known as “AJ Discala,” the Chief Executive Officer of OmniView Capital Advisors LLC (“OmniView”); Marc Wexler, the Managing Director of OmniView; Ira Shapiro, the Chief Executive Officer of CodeSmart Holdings, Inc. (“CodeSmart”), a publicly traded company; Matthew Bell, a registered broker and investment adviser representative; Craig Josephberg, a registered broker; Kyleen Cane, an attorney; and Victor Azrak, the Vice President and Director of Excel Corp., a publicly traded company.
Self-Described Bankers, Dishonest Brokers, and Microcap Company Executive Charged in Pump-And-Dump Scheme
- Details
- Written by Legal Eagle Review
The Securities and Exchange Commission today charged individuals who pocketed millions of dollars running an elaborate pump-and-dump scheme involving shares of a medical education company in Pennsylvania and two other microcap stocks.
Seattle Firm and Owner Charged With Misusing Client Assets for Vacation Home and Vintage Automobile
- Details
- Written by LER
The Securities and Exchange Commission today charged the owner of a Seattle-based investment advisory firm with fraudulently misusing client assets to make loans to himself to buy a luxury vacation home and refinance a rare vintage automobile.
SEC Announces Charges in Scheme to Secretly Enable Lawbreakers to Run Microcap Company
- Details
- Written by LER
The Securities and Exchange Commission announced fraud charges against four individuals and a microcap company for concealing from investors that two lawbreakers ran the company.
Page 30 of 60
