Frauds & Scandals

SEC Charges Seismic Data Company, Former Executives with $100 Million Accounting Fraud

October 9, 2020/US SEC On October 8, 2020, the Securities and Exchange Commission charged Houston-based seismic data company, SAExploration Holdings Inc. (SAE), and four former executives for a multi-year accounting fraud that falsely inflated the company’s revenue by approximately $100 million and concealed the theft of millions of dollars by […]

SEC Charges Seismic Data Company, Former Executives with $100 Million Accounting Fraud

October 9, 2020/US SEC On October 8, 2020, the Securities and Exchange Commission charged Houston-based seismic data company, SAExploration Holdings Inc. (SAE), and four former executives for a multi-year accounting fraud that falsely inflated the company’s revenue by approximately $100 million and concealed the theft of millions of dollars by […]

SEC Charges John McAfee With Fraudulently Touting ICOs

October 5, 2020/US SEC The Securities and Exchange Commission today charged businessman and computer programmer John McAfee for promoting investments in initial coin offerings (ICOs) to his Twitter followers without disclosing that he was paid to do so. McAfee’s bodyguard, Jimmy Watson, Jr., was also charged for his role in […]