February 12, 2019/US SEC On February 12, 2019, the Securities and Exchange Commission charged two former high-ranking executives of an Indiana-based plastics manufacturer with concealing from potential buyers of the manufacturer the fact that the company’s core business model was a sham. According to the SEC’s complaint, Lucent Polymers, Inc. […]
Fraud & Scandals
Court Orders Microcap Company, Two Promoters in Pump-and-Dump Scheme to Pay Over $4.6 Million
February 12, 2019/US SEC The Securities and Exchange Commission has obtained final judgments against a microcap company and its two undisclosed promoters who were charged with running a $3.3 million microcap fraud. In September 2017, the SEC charged Jason McDiarmid, Kenneth George Cedric Telford, and Stop Sleep Go, Inc., formerly […]
SEC Obtains Judgment Against Donato Baca, Jr. in Ponzi Scheme
February 11, 2019/US SEC On February 8, 2019, the Securities and Exchange Commission obtained a judgment against Donato Baca, Jr. for his role in a multimillion dollar Ponzi scheme. On September 27, 2018, the SEC charged Baca, his business partner, Jonny Ngo, and NL Technology, LLC with lying to investors. According […]
