Fraud & Scandals

Alleged Fraudster Sentenced to 14 Years in Parallel Criminal Case

October 31, 2019/US SEC One of the alleged perpetrators of a Ponzi-like scheme that raised more than $345 million from over 230 investors across the United States, Jay B. Ledford, has been sentenced to 14 years in prison in a parallel criminal case. The court also ordered Ledford to repay […]

SEC Charges International Security-Based Swaps Dealer That Targeted U.S. Investors

October 31, 2019/US SEC The Securities and Exchange Commission today charged XBT Corp. SARL d/b/a First Global Credit, a Switzerland-based securities dealer, for offering and selling unregistered security-based swaps to U.S. investors using bitcoins and for failing to transact its swaps on a registered national exchange. According to the SEC’s […]