Tag: boiler room scheme

November 16, 2018 BY Valentina Kirilova

SEC brings additional charges in New York boiler room scheme targeting seniors

The Securities and Exchange Commission (SEC) has informed that it has brought additional charges against a Long Island, New York-based boiler room previously sued for defrauding elderly and unsophisticated investors. The latest charges allege that First Choice Healthcare Solutions Inc. CEO Christian Romandetti, the boiler room, and four others, manipulated the company’s shares generating more…

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UN report says North Korea laundered $2 billion theft via Hong Kong firm
November 09, 2017 BY Valentina Kirilova

Operators of binary options trading boiler room convicted and sentenced

Following an ASIC investigation, Jana Jaros and Jackson Laurence Malcolm Capper were convicted and sentenced for operating a financial services business without a licence and lodging false documents to ASIC containing false or misleading material. Each defendant pleaded guilty in the Southport Magistrates' Court. Ms Jaros was sentenced to three months' imprisonment, to be released…

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August 03, 2016 BY Valentina Kirilova

Sydney Klein sentenced after guilty plea to fraud charges

The Ontario Securities Commission (OSC) has announced that Sydney Klein, of Thornhill, Ontario, was sentenced to two years of probation with conditions at the Ontario Court of Justice in Newmarket, Ontario. Klein’s conditions require him to cease trading in securities, to refrain from acting in, and to resign, from any officer or director positions in…

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