Fraud & Scandals

SEC Files Charges Against Scheme to Sell Fictitious Interests in Marijuana Company

January 21, 2020/US SEC The Securities and Exchange Commission today announced charges against Guy S. Griffithe and Robert W. Russell, and three companies they controlled, for an alleged scheme that defrauded investors who thought they were purchasing interests in a Washington-licensed recreational cannabis company out of approximately $4.85 million. The […]

SEC Charges Convicted Criminal Who Conducted Fraudulent ICO Using a Fake Identity

January 18, 2020/US SEC The Securities and Exchange Commission today charged convicted criminal Boaz Manor, his business associate, and two businesses, CG Blockchain Inc. and BCT Inc. SEZC, with raising over $30 million from hundreds of investors in a fraudulent initial coin offering (ICO). According to the SEC’s complaint, between […]