Fraud & Scandals

SEC Charges North Carolina Businessman and His Companies with Fraudulent Offering Scam

14/6/2019/US SEC On June 13, 2019, the Securities and Exchange Commission charged Alton Perkins and two companies he controlled, Yilaime Corporation of NC (“Yilaime NC”) and Perkins Hsu Export Corporation (“Perkins Hsu”), with raising approximately $1.1 million from investors based on multiple misrepresentations and omissions and diverting more than 75% […]

SEC Files Fraud Charges in Healthcare Investment Scheme

June 15, 2019/US SEC The Securities and Exchange Commission today filed fraud charges in a multi-million dollar healthcare investment scheme impacting dozens of investors. The SEC alleges that, between May 2014 and January 2017, unregistered investment adviser David Wagner of Greenwich, Rhode Island, Mark Lawrence of Watercolor, Florida, Downing Partners, […]