Category Archives: HedgeCo News
Florida Resident Charged with Operating $35 Million Ponzi Scheme Targeting Church Members
(HedgeCo.Net) The Securities and Exchange Commission has charged Brent Seaman of Naples, Florida, and various entities he managed for fraudulently raising approximately $35 million from at least 60 investors through an unregistered securities offering. Many of these investors were elderly, […]
SEC Proposes Reforms Relating to Investment Advisers Operating Exclusively Through the Internet
(HedgeCo.Net) The Securities and Exchange Commission has proposed amendments to the rule permitting certain investment advisers that provide investment advisory services through the internet to register with the Commission. The proposed amendments generally would require an investment adviser relying on […]
CFTC Charges Tennessee Couple for Operating a $6 Million Digital Assets Commodity Pool Scheme
(HedgeCo.Net) The Commodity Futures Trading Commission has filed a complaint in the U.S. District Court for the Middle District of Tennessee against Michael and Amanda Griffis of Clarksville, Tennessee. The complaint charges the defendants with defrauding over 100 people across […]
SEC Charges Former Pfizer Statistician with Insider Trading Ahead of Covid-19 Announcement
(HedgeCo.Net) The Securities and Exchange Commission has filed insider trading charges against Amit Dagar, a former Pfizer Inc. employee, and his close friend and business partner, Atul Bhiwapurkar, for trading in advance of the company’s November 5, 2021, announcement that […]
North Carolina Resident Charged for Conducting Fraudulent and Unregistered Offerings of Crypto Asset Securities
(HedgeCo.Net) The Securities and Exchange Commission has charged Alexander Elbanna and three entities that he owned and controlled with engaging in a fraudulent scheme involving unregistered offers and sales of crypto asset securities called “DWE” and “BPC.” The SEC also […]
SEC Obtains Final Judgment Against Operator of Multi-Million Dollar Ponzi Scheme
(HedgeCo.Net) The Securities and Exchange Commission has announced the resolution of its case against Ryan Morgan Evans, the last remaining defendant in the SEC’s action arising out of a multi-million-dollar Ponzi and pyramid scheme and offering fraud known as “Saivian.” […]
Twice-Convicted Fraudster Eliyahu Weinstein and Five Others Charged with $38 Million Ponzi-Like Scheme to Defraud Investors
(HedgeCo.Net) The Securities and Exchange Commission has charged six individuals with a multi-million dollar Ponzi-like fraud scheme orchestrated by criminal recidivist Eliyahu Weinstein of Lakewood, New Jersey. Along with Weinstein, the SEC charged Aryeh L. Bromberg, Joel L. Wittels, Richard […]
Legendary Partners, LLC and Its President Charged with Fraud Targeting Elderly Investors
(HedgeCo.Net) The SEC has charged California-based Legendary Partners, LLC and its founder and President Scott L. Snyder with conducting a nationwide offering fraud that raised approximately $391,000 from April 2018 to December 2021. According to the Complaint, the offering was […]
Former Broker-Dealer Representative Charged in Connection with Fraudulent Scheme to Manipulate Stock Prices
(HedgeCo.Net) The Securities and Exchange Commission has charged New Jersey resident and former broker-dealer registered representative, James P. Anglim, who from November 2016 to February 2022, helped facilitate market manipulation schemes involving the sale of stock in at least five […]
Celsius Network Limited and Founder Alex Mashinsky Charged with Fraud and Unregistered Sale of Securities
(HedgeCo.Net) Charges include the unregistered offer and sale of crypto asset securities through Celsius’s lending program, making false and misleading statements, and engaging in market manipulation. The Securities and Exchange Commission has charged Celsius Network Limited (Celsius) and its founder […]
Merrill Lynch and Parent Company Charged for Failing to File Suspicious Activity Reports
(HedgeCo.Net) The Securities and Exchange Commission has announced charges against Merrill Lynch, Pierce, Fenner & Smith Incorporated and its parent company BAC North America Holding Co. (BACNAH) for failing to file hundreds of Suspicious Activity Reports (SARs) from 2009 to […]
CFTC Charges Alleged Bitcoin Seller and Former Attorney with Multi-Million Dollar Bitcoin Fraud, Imposes Over $5 Million in Restitution
(HedgeCo.Net) The Commodity Futures Trading Commission has issued two orders simultaneously filing and settling charges against Randy Craig Levine, formerly of Coral Gables, Florida, and Philip Reichenthal of Homestead, Florida, for perpetrating a multi-million dollar bitcoin fraud. The orders charge […]
