Frauds & Scandals

SEC Charges E-Commerce Startup and CEO With Defrauding Investors

November 23, 2020/US SEC The Securities and Exchange Commission today charged a San Francisco-based e-commerce startup and its chief executive officer with misleading investors about purported contracts with well-known consumer brands. According to the SEC’s complaint, from 2018 to 2020, Andrew J. Chapin, the founder and CEO of Benja Inc., […]

SEC Charges Former Finance Department Employee with Insider Trading

November 23, 2020/US SEC The Securities and Exchange Commission today announced settled charges against Pennsylvania resident Michael R. Sullivan for allegedly trading on material, nonpublic information that he obtained through his employment at Dick’s Sporting Goods, Inc. The SEC’s complaint alleges that in August 2018, while employed in the Product […]