Eight Men Indicted for $114 Million Securities Fraud Scheme ...
WEBDec 14, 2022 · A federal grand jury in the Southern District of Texas returned an indictment that was unsealed yesterday charging eight men with conspiracy to commit securities fraud for a long-running, social media-based “pump and dump” scheme.
SEC Charges The Kraft Heinz Company and Two Former Executives …
WEBSep 3, 2021 · The SEC's order finds that Kraft violated the negligence-based anti-fraud, reporting, books and records, and internal accounting controls provisions of the federal securities laws.
SEC Files Fraud Charges Alleging a Multimillion Dollar Scheme …
WEBThe Securities and Exchange Commission today announced charges against Safeguard Metals LLC, and its owner, Jeffrey Santulan, for engaging in a multimillion dollar fraudulent scheme involving hundreds of investors who were at or near retirement age.
SEC Files Charges in Multi-Million Dollar Fraud Involving Two …
WEBThe Securities and Exchange Commission today announced charges against Aron Govil of Jacksonville, Florida, for defrauding investors in two companies he controlled, Cemtrex Inc. and Telidyne Inc.
Supreme Court strips SEC of enforcement tool in fraud cases | AP …
WEBJun 27, 2024 · WASHINGTON (AP) — The Supreme Court on Thursday stripped the Securities and Exchange Commission of a major tool in fighting securities fraud in a decision that also could have far-reaching effects on other regulatory agencies.
U.S. Supreme Court Rules SEC Must Try Securities Fraud Cases in …
WEBOn June 27, 2024, the U.S. Supreme Court ruled that when the SEC seeks civil penalties against a defendant for securities fraud, the Seventh Amendment entitles the defendant to a jury trial.
Apple’s $490 Million Securities Fraud Settlement Gets Court Nod
WEB1 day ago · Apple Inc. received final approval from a federal court for a $490 million settlement in a securities fraud class action alleging misleading statements about the technology company’s sales prospects. Investors accused Chief Executive Officer Tim Cook of making false statements about the company’s business in China that caused Apple stock to trade at artificially inflated prices.
Two California Men Indicted for $150 Million Securities Fraud
WEBMar 28, 2023 · BOSTON – Two California men have been indicted for their alleged involvement in a sophisticated securities fraud scheme that generated over $150 million in illicit profits. Joseph A. Padilla, 53, of Carlsbad, Calif. and Cabo San Lucas, Mexico, was charged with one count of conspiracy to commit securities fraud, two counts of …
Securities fraud | AP News
WEBMay 20, 2022 · LOS ANGELES (AP) — A man who ran two California-based investment companies and frequently appeared as a TV financial news analyst was charged Wednesday with securities fraud for allegedly bilking clients out of millions of dollars, federal prosecutors said.
Justices limit major SEC tool to penalize fraud - SCOTUSblog
WEBJun 28, 2024 · The court ruled on Thursday that the Securities and Exchange Commission’s routine practice of imposing fines in its administrative proceedings, used to penalize securities fraud, violates the Seventh Amendment …