March 16, 2020/US SEC On March 16th, the Securities and Exchange Commission filed a second amended complaint in an ongoing civil action in which it alleges that numerous individuals and associated entities participated in microcap schemes that generated over $27 million from unlawful stock sales. The amended complaint includes additional […]
Fraud & Scandals
SEC Charges New York Financier with Fraud
March 13, 2020/US SEC The Securities and Exchange Commission yesterday charged Bradley C. Reifler, founder and chief executive officer of multiple New York-based financial services firms, with an extensive fraud that enabled him to divert millions of dollars from investors into entities and ventures that he owned and controlled. According […]
SEC Charges Russian National for Defrauding Older Investors of Over $26 Million in Phony Certificates of Deposit Scam
March 13, 2020/US SEC The Securities and Exchange Commission today announced charges against Denis Georgiyevich Sotnikov and entities he controlled for allegedly participating in a fraudulent scheme to lure U.S. investors into buying fictitious Certificates of Deposit (CDs) promoted through internet advertising and “spoofed” websites that mimic the actual sites […]