Category: Fraud

sec charges
September 10, 2018 BY Valentina Kirilova

SEC charges microcap fraudsters for roles in lucrative market manipulation schemes

The Securities and Exchange Commission (SEC) has announced that it has charged a group of 10 individuals and 10 associated entities for their participation in long-running fraudulent schemes that generated over $27 million from unlawful stock sales and caused significant harm to retail investors who were left holding virtually worthless stock. According to the SEC’s…

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Woodbridge Group of Companies LLC and former owner Robert H. Shapiro fined $1 billion
September 06, 2018 BY LeapRate Staff

Two Michigan men charged in day trading Ponzi scheme

The U.S. Securities and Exchange Commission (SEC) has announced that it has charged two Michigan men with fraud for their roles in a fake accounts scheme perpetrated by a phony day-trading firm, Nonko Trading. The SEC alleges that Jeffrey Goldman of West Bloomfield, Michigan, and Christopher Eikenberry of Birmingham, Michigan, participated in and profited from…

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insider trading
August 21, 2018 BY Valentina Kirilova

Former director of mining company found guilty of insider trading

Australian regulator ASIC has announced that Mr Darren James Lind, aged 47 of Brighton, South Australia, has been found guilty of two charges of insider trading in shares of ASX listed mining exploration company Minotaur Exploration Ltd (Minotaur). The verdict follows a two week trial before Judge Tracey in the District Court of South Australia.…

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UN report says North Korea laundered $2 billion theft via Hong Kong firm
July 11, 2018 BY LeapRate Staff

SEC files additional charges in scheme to manipulate Fitbit stock

The U.S. Securities and Exchange Commission (SEC) has announced that it has filed fraud charges against a second defendant in connection with a scheme to manipulate the price of Fitbit securities through false regulatory filings. According to the SEC's complaint, Mark E. Burns purchased Fitbit call options just minutes before he and his co-conspirator, Robert…

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June 28, 2018 BY LeapRate Staff

Former Equifax manager Sudhakar Bonthu charged with Insider Trading

The U.S. Securities and Exchange Commission (SEC) has announced that it has charged a former Equifax manager with insider trading in advance of the company’s September 2017 announcement of a massive data breach that exposed Social Security numbers and other personal information of approximately 148 million U.S. customers. This is the second case the SEC…

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June 25, 2018 BY LeapRate Staff

Jody Dupont and Open Range Trading charged with defrauding traders

The U.S. Commodity Futures Trading Commission (CFTC) has announced that Judge Timothy M. Cain of the U.S. District Court for the District of South Carolina entered a Consent Order against Defendant Jody Dupont of Anderson, South Carolina, and an Order of Default Judgment against his company, Open Range Trading LLC, also of Anderson. Neither DuPont nor Open Range…

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June 05, 2018 BY Valentina Kirilova

OSC charges individual with fraud

The Ontario Securities Commission (OSC) announced today that David Singh of Richmond Hill, Ontario has been charged with fraud and related offences under the Securities Act (Ontario) following an investigation by the OSC’s Joint Serious Offences Team (JSOT). Mr. Singh has been charged with the following offences under the Securities Act: one count of trading…

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