Category Archives: Insider Trading
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 […]
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 […]
NBA Hall of Famer Paul Pierce Charged For Unlawfully Touting and Making Misleading Statements about Crypto Security
(HedgeCo.Net) The Securities and Exchange Commission has announced charges against former NBA player Paul Pierce for touting EMAX tokens, crypto asset securities offered and sold by EthereumMax, on social media without disclosing the payment he received for the promotion and […]
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, […]
SEC Charges Former CEO of Slync in $67 Million Offering Fraud
(HedgeCo.Net) Defendant Kirchner allegedly misappropriated more than $28 Million of Investor Proceeds to Fund His Lavish Lifestyle. The Securities and Exchange Commission has charged Christopher S. Kirchner, the co-founder and former CEO of Slync, Inc., a privately-held Texas-based software company, […]
Las Vegas Resident Charged in Crypto Fraud Targeting Filipino Community in California
(HedgeCo.Net) The Securities and Exchange Commission has charged Las Vegas, Nevada resident Emiliano S. Ryn and his company GexCrypto Corp. with defrauding members of the Filipino community in a scheme involving crypto assets. According to the SEC’s complaint filed in […]
