Fraud & Scandals

SEC Awards Whistleblowers Whose Information Helped Stop Fraud

January 22, 2020/US SEC The Securities and Exchange Commission today announced two whistleblower awards in connection with two separate enforcement actions.  Both whistleblowers provided significant information that helped the SEC shut down two separate fraudulent schemes preying on retail investors.  In the first action, the whistleblower alerted the agency to […]

SEC Charges Founder of Purported Blockchain Marketplace for Fraudulent ICO

January 21, 2020/US SEC The Securities and Exchange Commission charged a purported blockchain-marketplace company and its founder with conducting a fraudulent initial coin offering (ICO) of unregistered digital asset securities. As alleged in the SEC’s complaint, Sergii “Sergey” Grybniak and his company Opporty International, Inc. raised approximately $600,000 from nearly […]