Category Archives: HedgeCo News
Court Issues Amended Final Judgment Against Penny Stock “Mailman” and His Two Companies
(HedgeCo.Net) The U.S. District Court for the Northern District of Alabama has issued an amended final judgment against Florida resident Brian Robert Sodi and two of his now-defunct companies, Capital Financial Media LLC (CFM) and List Data Solutions LLC (LDS), […]
SEC Obtains Judgment Against Individual in Multi-Million Dollar Securities Offering Fraud
(HedgeCo.Net) The United States District Court for the District of Massachusetts has entered a final judgment against Joshua Dax Cabrera ordering him to pay approximately $1,126,000 in disgorgement, prejudgment interest, and penalties in a securities offering fraud previously filed by […]
Software Company Blackbaud Inc. Charged for Misleading Disclosures About Ransomware Attack That Impacted Charitable Donors
(HedgeCo.Net) The Securities and Exchange Commission has announced that Blackbaud Inc., a South Carolina-based public company that provides donor data management software to non-profit organizations, agreed to pay $3 million to settle charges for making misleading disclosures about a 2020 […]
SEC Sues Crypto Asset Company, Its Founder, and a Recidivist Salesperson for Fraud
(HedgeCo.Net) The Securities and Exchange Commission charged Utah-based company Green United, LLC, its founder Wright W. Thurston, and one of its promoters, Kristoffer A. Krohn, with allegedly defrauding investors in connection with an unregistered offering of crypto asset securities. According […]
SEC Charges Rio Tinto plc with Bribery Controls Failures
(HedgeCo.Net) The Securities and Exchange Commission has announced charges against global mining and metals company, Rio Tinto plc, for violations of the Foreign Corrupt Practices Act (FCPA) arising out of a bribery scheme involving a consultant in Guinea. The company […]
Emergency Action Filed Against Miami Investment Adviser BKCoin and Principal for Alleged $100 Million Crypto Fraud Scheme
(Hedgeco.Net) The Securities and Exchange Commission has announced that it filed an emergency action in which it successfully obtained an asset freeze, appointment of a receiver, and other emergency relief against Miami-based investment adviser BKCoin Management LLC and one of […]
Silver Edge Financial and Equity Acquisition Company Charged With Unregistered Broker-Dealer Activity
(HedgeCo.Net) The Securities and Exchange Commission has charged Silver Edge Financial LLC, Equity Acquisition Company Ltd. (EAC), the owners of both companies, and sales staff of Silver Edge Financial with unregistered broker-dealer activity relating to their sales of interests in […]
Nishad Singh Charged with Defrauding Investors in Crypto Asset Trading Platform FTX
(HedgeCo.Net) The Securities and Exchange Commission has charged Nishad Singh, the former Co-Lead Engineer of FTX Trading Ltd. (FTX), for his role in a multiyear scheme to defraud equity investors in FTX, the crypto trading platform started by Singh along […]
Texas Stockbroker charged for Stealing Funds from Elderly Customers
(Hedgeco.Net) The Securities and Exchange Commission has announced the filing of a civil injunctive action against Bradley Morgan Holts of Beaumont, Texas, for allegedly misappropriating customer funds. The SEC’s complaint alleges that Holts, while a registered representative associated with a […]
SEC Charges Cousins for Insider Trading in Kodak Stock Ahead of Company’s Planned Govt. Partnership to Assist in Response to COVID-19
(Hedgeco.net) The Securities and Exchange Commission has charged Andrew Stiles for insider trading in the stocks of Eastman Kodak Company and Novavax Inc. based on nonpublic information related to both companies’ planned government partnerships to assist in the fight against […]
Ozy Media and its CEO Carlos Watson Charged with Widespread Scheme to Defraud Investors
(HedgeCo.Net) Former COO and chief of staff also charged in $50 million fraud. The Securities and Exchange Commission has charged media and entertainment company Ozy Media Inc., its CEO Carlos R. Watson, Jr., its former COO Samir Rao, and its […]
Church of Jesus Christ of Latter-day Saints and Its Investment Company Charged for Disclosure Failures and Misstated Filings
(HedgeCo.Net) The Securities and Exchange Commission has announced charges against Ensign Peak Advisers Inc., a non-profit entity operated by The Church of Jesus Christ of Latter-day Saints to manage the Church’s investments, for failing to file forms that would have […]
