Category Archives: HedgeCoVest News
Federal Court Orders South African CEO to Pay Over $3.4 Billion for Forex Fraud
(HedgeCo.Net) The U.S. District Court for the District of Massachusetts has entered final judgments against defendants Trends Investments Inc., Leslie Greyling and Brandon Rossetti, who were previously charged by the SEC with engaging in a scheme to defraud investors in […]
SEC Obtains Final Judgment from Former Executive for His Role in $100 Million Accounting Fraud
(HedgeCo.Net) The U.S. District Court for the Southern District of New York has entered final judgment against Jeffrey Hastings for his role in a multi-year accounting fraud engaged in while he was CEO of Houston-based seismic data company SAExploration Holdings, […]
CFTC Charges 14 Entities for Fraudulently Claiming to be Registered with the Agency
(HedgeCo.Net) The Commodity Futures Trading Commission has filed charges against 14 entities for fraudulently claiming to be registered with the CFTC as futures commission merchants (FCM) and retail foreign exchange dealers (RFED). The entities, which claim to be based in […]
SEC Files Charges in Alleged $8-Million Investment Fraud Scheme
(HedgeCo.Net) The Securities and Exchange Commission has filed fraud charges against Charles Winn LLC, its senior managers, Aaron David Scott-Britten (aka Aaron David, Aaron Scott, and Aaron David K. Britten) and Ohran Emmanuel Stewart (aka Elliott Stewart), Casey Alexander, a […]
SEC Obtains Judgments Against Former Hedge Fund Portfolio Manager and Trader Related to Hedge Fund Valuation Scheme
(HedgeCo.Net) The U.S. District Court for the Southern District of New York has final consent judgments against Amin Majidi, a portfolio manager for a private fund advised by now-defunct New York-based investment adviser Premium Point Investments LP, and Ashish Dole, […]
Investment Adviser Betterment to Pay $9-Million for Misstatements Concerning Tax Loss Harvesting Service
(HedgeCo.Net) The Securities and Exchange Commission today charged investment advisory firm Betterment LLC for material misstatements and omissions related to its automated tax loss harvesting service (TLH), failing to provide clients with notice of changes to contracts, and failing to […]
Crypto Asset Trading Platform Bittrex and its Former CEO Charged for Operating an Unregistered Exchange, Broker, and Clearing Agency
(HedgeCo.Net) The Securities and Exchange Commission has charged crypto asset trading platform Bittrex, Inc. and its co-founder and former CEO William Shihara for operating an unregistered national securities exchange, broker, and clearing agency. The SEC also charged Bittrex, Inc.’s foreign […]
Florida Man and His Two Entities Ordered to Pay $16 Million for Fraud, Misappropriation, and False Statements to the CFTC
(HedgeCo.Net) The Commodity Futures Trading Commission has announced the U.S. District Court for the Southern District of Florida entered a consent order against Damian Castilla and an order for final judgment against DCAST Capital Investments LLC and Five Traders LLC […]
SEC Charges Terraform and CEO Do Kwon with Defrauding Investors in Crypto Schemes
(HedgeCo.Net) The Securities and Exchange Commission has charged Singapore-based Terraform Labs PTE Ltd and Do Hyeong Kwon with orchestrating a multi-billion dollar crypto asset securities fraud involving an algorithmic stablecoin and other crypto asset securities. According to the SEC’s complaint, […]
CFTC Charges New York Resident with Fraud and Misappropriation in Digital Assets Trading Scheme
(HedgeCo.Net) The Commodity Futures Trading Commission has filed a civil enforcement action in the U.S. District Court for the Eastern District of New York against New York resident Rashawn Russell. The CFTC’s complaint charges Russell with fraudulently soliciting retail investors […]
CFTC Orders Goldman Sachs to Pay $15,000,000 for Violations of Swap Business Conduct Standards
(HedgeCo.Net) The Commodity Futures Trading Commission has issued an order simultaneously filing and settling charges against Goldman Sachs & Co. LLC (Goldman) for violations of the CFTC’s Business Conduct Standards applicable to swap dealers. Specifically, the CFTC found that Goldman […]
SEC Charges South Carolina Resident with Operating $20 Million Ponzi Scheme
(HedgeCo.Net) The Securities and Exchange Commission has announced charges against Michael J. French, of Pendleton, South Carolina, and two companies controlled by him, MJF Holdings, LLC (“MJF Holdings”) and MJF Capital, LLC (“MJF Capital”), for defrauding investors and misappropriating millions […]
