{"id":83783,"date":"2023-02-01T00:32:07","date_gmt":"2023-02-01T05:32:07","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=83783"},"modified":"2023-02-01T00:32:05","modified_gmt":"2023-02-01T05:32:05","slug":"sec-obtains-final-judgment-against-defendant-for-role-in-offering-fraud","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/02\/2023\/sec-obtains-final-judgment-against-defendant-for-role-in-offering-fraud.html","title":{"rendered":"SEC Obtains Final Judgment Against Defendant for Role in Offering Fraud"},"content":{"rendered":"\n<p>(HedgeCo.Net) The United States District Court for the Eastern District of New York has entered a final consent judgment against New Jersey resident <strong>Walter Gil de Rubio<\/strong> for his role in a scheme that defrauded approximately 80 investors of over <strong>$3.7 million <\/strong>between June 2013 and January 2017. In 2018, the <a href=\"https:\/\/www.sec.gov\/litigation\/litreleases\/2018\/lr24266.htm\">SEC charged<\/a> Gil de Rubio and two other defendants with fraud and misappropriation through sales of securities in a company that falsely claimed to have exclusive rights to a crude oil processing technology. The SEC&#8217;s complaint also alleged that Gil de Rubio aided and abetted materially false or misleading statements made by one of his co-defendants concerning the timing and amount of investment returns and the use of offering proceeds.<\/p>\n\n\n\n<p>Without admitting or denying the SEC&#8217;s allegations, Gil de Rubio consented to the entry of a judgment that enjoins him from future violations of Section 17(a) of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder. The judgment further orders Gil de Rubio to pay a civil penalty of $160,000.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(HedgeCo.Net) The United States District Court for the Eastern District of New York has entered a final consent judgment against New Jersey resident Walter Gil de Rubio for his role in a scheme that defrauded approximately 80 investors of over [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,3,16048],"tags":[],"class_list":["post-83783","post","type-post","status-publish","format-standard","hentry","category-hedgeco-networks-press-releases","category-hedgeco-news","category-hedgecovest-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/83783","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=83783"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/83783\/revisions"}],"predecessor-version":[{"id":83784,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/83783\/revisions\/83784"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=83783"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=83783"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=83783"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}