Fraud & Scandals

SEC Charges Former Woodbridge Directors of Investment With Fraud

April 11, 2019/US SEC The Securities and Exchange Commission today charged two former directors of investments at Woodbridge Group of Companies LLC for their roles in its massive Ponzi scheme. The defendants, California-based Ivan Acevedo and Dane R. Roseman, were separately arrested and charged by criminal authorities, along with Woodbridge owner Robert H. Shapiro.  […]

SEC Charges Dubai-Based Advisory Firm and Its Founder

April 11, 2019/US SEC The Securities and Exchange Commission today charged Arif M. Naqvi and Abraaj Investment Management Limited, a Dubai-based investment advisory firm, with misappropriating funds from a private equity fund client. The SEC alleges that Naqvi and his firm raised money for the Abraaj Growth Markets Health Fund […]

SEC Charges Former Seaworld Associate General Counsel with Insider Trading

April 10, 2019/US SEC The Securities and Exchange Commission charged a former senior lawyer at SeaWorld Entertainment Inc. (Sea World) with insider trading based on nonpublic information that the company’s revenue would be better than anticipated for the second quarter of 2018. The SEC alleges that Paul B. Powers had […]