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 […]
Fraud & Scandals
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 […]
SEC Obtains Emergency Asset Freeze, Charges Businessman With Operating a Ponzi-Like Scheme
January 14, 2020/US SEC The Securities and Exchange Commission today announced that it filed an emergency enforcement action and obtained a temporary restraining order and asset freeze against Illinois resident Kenneth D. Courtright, III and his company, Todays Growth Consultant Inc., in connection with an alleged Ponzi-like scheme that raised […]