Awards Have Now Surpassed Record Amounts Awarded Last Fiscal Year January 14, 2021/US SEC The Securities and Exchange Commission today announced an award of nearly $600,000 to a whistleblower whose tip led to the success of an enforcement action. The whistleblower substantially contributed to an open investigation by providing detailed […]
Frauds & Scandals
SEC Charges Real Estate Fund Manager With Misappropriating Over $7 Million From Retail Investors
January 12, 2021/US SEC The Securities and Exchange Commission today charged fund manager Eric C. Malley and his company MG Capital Management L.P. with defrauding retail investors in two real estate funds managed by MG Capital. According to the SEC’s complaint, beginning in 2014, Malley – a licensed real estate […]
SEC Obtains Emergency Relief Freezing Assets and Halting an Alleged Ongoing Fraud
January 11, 2021/US SEC The Securities and Exchange Commission has obtained an emergency court order freezing assets of a San Juan Capistrano, California-based company and its founder, who allegedly were carrying out an ongoing investment fraud. According to the SEC’s complaint, filed on December 21, 2020 in the U.S. District […]