Category Archives: HedgeCoVest News
SEC Obtains Judgment Against Individual in Multi-Million Dollar Securities Offering Fraud
(HedgeCo.Net) The United States District Court for the District of Massachusetts entered a final judgment against Paul Hess ordering him to pay approximately $840,000 in disgorgement, prejudgment interest, and penalties. The SEC’s complaint alleged that Hess partnered with co-defendant Joshua […]
SEC Charges Former CEO of Biotech Company CytoDyn with Fraud, Insider Trading
(HedgeCo.Net) The Securities and Exchange Commission has charged Nader Pourhassan, the former CEO of CytoDyn Inc., with fraud and insider trading in connection with providing misleading information to shareholders about the progress of a clinical research treatment for COVID-19 and […]
Honeywell to pay $81 Million after being charged in Bribery Schemes
(HedgeCo.Net) The Securities and Exchange Commission has announced charges against Honeywell International Inc. for violations of the Foreign Corrupt Practices Act (FCPA) arising out of bribery schemes that took place in Brazil and Algeria. The company has agreed to pay […]
SEC Charges Four Individuals in Crypto Pyramid Scheme that Targeted Spanish-Speaking Communities
(HedgeCo.Net) The Securities and Exchange Commission has charged Francisley Valdevino Da Silva, Juan Antonio Tacuri Fajardo, Ramon Antonio Perez Arias, and Jose Ramiro Coronado Reyes for their roles in creating and promoting Forcount Trader Systems, Inc., a fraudulent crypto asset […]
Citadel YTD returns hit 32% following November gain
(Hedgeweek) The new digital assets hedge fund launched by Brevan Howard Asset Management has come through this year’s cryptocurrency crash relatively unscathed, according to a report by Bloomberg, restricting losses to single figures. To read this article:
SEC Charges Financial Services Professional and Associate in $47 Million Front-Running Scheme
(HedgeCo.Net) The Securities and Exchange Commission today announced fraud charges against Lawrence Billimek, an employee of a major asset management firm with securities portfolios worth billions of dollars, and Alan Williams, who previously worked at several financial industry firms, for […]
SEC Charges Danske Bank with Fraud for Misleading Investors about Its Anti-Money Laundering
(HedgeCo.Net) Danske Bank Agrees to Pay More than $400 Million to Settle Charges. The Securities and Exchange Commission has announced fraud charges against Danske Bank, a multinational financial services corporation headquartered in Denmark, for misleading investors about its anti-money laundering […]
SEC Charges CEO and His Venture Capital Firm in $6 Million Fraudulent Offering
(HedgeCo.Net) The Securities and Exchange Commission has charged CEO George Iakovou and his venture capital firm, Vika Ventures LLC, with fraudulently offering and selling more than $6 million of securities to at least 46 individual investors in multiple states including […]
SEC Charges Vika Ventures and its CEO in $6 Million Fraudulent Offering
(Hedgeco.Net) The Securities and Exchange Commission has charged venture capital firm Vika Ventures LLC and its CEO and co-founder, George Iakovou, with fraudulently offering and selling more than $6 million of securities to at least 46 individual investors in multiple […]
SEC Obtains Judgment Against Market Manipulator
(HedgeCo.Net) The U.S. District Court in Boston entered a final judgment against Virginia resident Eric T. Landis, a recidivist market manipulator, and an entity he controlled, ordering them to pay over $2.5 million in disgorgement and deeming that amount satisfied […]
AT&T Pays $6m to Settle SEC Charge of Selectively Disclosing Material Information to Wall St. Analysts
(HedgeCo.Net) The Securities and Exchange Commission is announcing that AT&T agreed to pay a $6.25 million penalty and three company executives agreed to pay $25,000 apiece stemming from charges brought in March 2021 related to the company’s selective disclosure of […]
ABB To Pay $460m to Settles SEC Charges that it Engaged in Bribery Scheme in South Africa
(HedgeCo.Net) The Securities and Exchange Commission has announced charges against global electrification and automation technology company, ABB Ltd, for violations of the Foreign Corrupt Practices Act (FCPA) arising out of a bribery scheme in South Africa. The company has agreed […]
