Category Archives: Insider Trading
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 […]
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 […]
SEC Charges Former Army Financial Counselor Who Defrauded Gold Star Family Members
(HedgeCo.Net) The Securities and Exchange Commission has charged former U.S. Army financial counselor Caz L. Craffy for defrauding Gold Star family members and others by engaging in unauthorized trading—including of life insurance and family survivor benefits they received following the […]
SEC Charges Police Chief, Four Others in Connection with Insider Trading Before Pharmaceutical Merger
(HedgeCo.NET) The Securities and Exchange Commission has filed insider trading charges against five individuals, including a police chief in Dighton, Massachusetts, arising from trading before the announcement of a tender offer by Alexion Pharmaceuticals Inc. to acquire Portola Pharmaceuticals Inc. […]
Former CFO Charged for Failure to Disclose Company’s $28 Million Liability
(HedgeCo.Net) The Securities and Exchange Commission has charged Vidul Prakash, the former Chief Financial Officer of California-based manufacturer of “smart” windows, View Inc. (“View”), for his negligent failure to ensure the company’s disclosure of $28 million in projected warranty-related liabilities. […]
SEC Charges Police Chief, Four Others in Connection with Insider Trading Before Pharmaceutical Merger
(HedgeCo.Net) The Securities and Exchange Commission has filed insider trading charges against five individuals, including a police chief in Dighton, Massachusetts, arising from trading before the announcement of a tender offer by Alexion Pharmaceuticals Inc. to acquire Portola Pharmaceuticals Inc. […]
SEC Obtains Emergency Relief to Halt Pre-IPO Stock Fraud Scheme by Unregistered Broker-Dealer
(HedgeCo.Net) The Securities and Exchange Commission has announced a preliminary injunction, asset freeze, and other emergency relief against Legend Venture Partners LLC, a New York City-based unregistered broker-dealer, in connection with a fraudulent scheme involving the sale of interests in […]
Florida Resident Charged for Operating $112 Million Ponzi Scheme that Targeted Haitian-American Community
(HedgeCo.Net) The Securities and Exchange Commission has announced charges against Broward County, Florida resident Sanjay Singh and his trucking and logistics company, Royal Bengal Logistics Inc., with fraudulently raising approximately $112 million from as many as 1,500 investors through an […]
SEC Charges Convicted Fraudster in Alleged Ponzi Scheme
(HedgeCo.Net) The Securities and Exchange Commission has charged Wilson Baston with defrauding numerous investors in an alleged Ponzi scheme, in which he raised millions of dollars through dozens of transactions purportedly to fund real estate investments, but frequently used the […]
