Category Archives: HedgeCo News
SEC Charges Investment Club Manager for Misappropriating Investor Funds
(HedgeCo.Net) The Securities and Exchange Commission filed fraud charges against Austin D. Ellison-Meade, alleging that he fraudulently raised millions of dollars from investors in an investment club he managed called Baycap.io. According to the SEC complaint, Meade falsely claimed that […]
SEC fines Bloomberg $5 million for disclosure violations on fixed-income prices
(HedgeCo.Net) The Securities and Exchange Commission has announced settled charges against Bloomberg Finance L.P. (Bloomberg) for misleading disclosures relating to its paid subscription service, BVAL, which provides daily price valuations for fixed-income securities to financial services entities. The SEC’s order […]
SEC Charges Avraham Eisenberg with Manipulating Mango Markets’ “Governance Token” to Steal $116 Million of Crypto Assets
(HedgeCo.Net) The Securities and Exchange Commission has charged Avraham Eisenberg with orchestrating an attack on a crypto asset trading platform, Mango Markets, by manipulating the MNGO token, a so-called governance token that was offered and sold as a security. Investigations […]
Nexo Agrees to Pay $45 Million in Penalties and Cease Unregistered Offering of Crypto Asset Lending Product
(HedgeCo.Net) The Securities and Exchange Commission today charged Nexo Capital Inc. with failing to register the offer and sale of its retail crypto asset lending product, the Earn Interest Product (EIP). To settle the SEC’s charges, Nexo agreed to pay […]
SEC Obtains Judgment Against Florida Man in Microcap Fraud
(HedgeCo.Net) The U.S. District Court in Boston entered a final judgment by consent against Florida resident Todd Zinkwich, whom the SEC charged for engaging in a scheme to manipulate the market for numerous microcap stocks. The District Court had previously […]
Los Angeles Individual Charged with Perpetrating a $47 Million Affinity Fraud Targeting Members of the Orthodox Jewish Community
(HedgeCo.Net) The Securities and Exchange Commission has announced that it has filed charges against Yossi Engel for perpetrating a $47 million affinity fraud from December 2018 to January 2020, targeting at least 29 members of the Orthodox Jewish community. The […]
CFTC Charges Former New York City Commodity Pool Operator with Fraud
(HedgeCo.Net) The Commodity Futures Trading Commission today announced it filed a civil enforcement action in the U.S. District Court for the Eastern District of New York against Mark A. Ramkishun, a former resident of New York City. The complaint alleges that Ramkishun […]
McDonald’s Former CEO Hit with $400K Fine for Misrepresentations About His Termination
(HedgeCo.Net) The Securities and Exchange Commission today charged Stephen J. Easterbrook, former CEO of McDonald’s Corporation, with making false and misleading statements to investors about the circumstances leading to his termination in November 2019. McDonald’s also was charged for shortcomings […]
Former BlackRock Portfolio Manager Charged with Undisclosed Conflict of Interest
(HedgeCo.Net) The Securities and Exchange Commission has charged Randy Robertson, a former BlackRock Advisors, LLC portfolio manager, for failing to disclose a conflict of interest arising from his relationship with a film distribution company in which the fund he managed […]
Creator of CoinDeal Crypto Scheme and Seven Others Charged in Connection with $45 Million Fraud
(HedgeCo.Net) The Securities and Exchange Commission charhasged Neil Chandran, Garry Davidson, Michael Glaspie, Amy Mossel, Linda Knott, AEO Publishing Inc, Banner Co-Op, Inc, and BannersGo, LLC for their involvement in a fraudulent investment scheme named CoinDeal that raised more than […]
SEC Charges Former SPAC CFO for Orchestrating $5 Million Fraud Scheme
(HedgeCo.Net) The Securities and Exchange Commission has announced fraud charges against Cooper J. Morgenthau, the former CFO of African Gold Acquisition Corp., a SPAC or special purpose acquisition company, for orchestrating a scheme in which he stole more than $5 […]
SEC Obtains Final Judgment Against Arizona Man for Defrauding Elderly Investors
(Hedgeco.Net) The U.S. District Court for the District of Arizona entered final judgment by default against Conrad Coggeshall in a previously-filed SEC case that alleged Coggeshall fraudulently raised $700,000 from elderly investors. According to the complaint, Coggeshall told investors they […]
