Articles Posted in Fraud and Misrepresentation

Securities and Exchange Commission Sues Texas Oil and Gas Promoters for Securities Fraud On June 28, 2013, the Commission charged Matthew Madison and Dwight McGhee, and their Irving, Texas based company Infinity Exploration, LLC, with conducting a fraudulent offering of oil and gas related investments. The Commission’s complaint alleges that, between March and October 2008,…

Florida Oil and Gas Private Placement Fraud and Misrepresentation Attorney, Russell L. Forkey, Esq. Securities and Exchange Commission v. Bret Boteler, Civil Action No. 4:13-cv-00527-Y (N.D.TX., filed June 28, 2013) SEC Charges Oil and Gas Promoter with Securities Fraud The Securities and Exchange Commission recently filed a civil injunctive action charging Bret L. Boteler of…

Basic characteristics of corporate and municipal bonds – South Florida FINRA Arbitration and Litigation Attorney – As an investor, you may be able to recover losses associated with your investment in corporate bonds. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the largest securities market in…

Florida Accounting Fraud and Accounting Negligence Litigation Attorney: Court Enters Final Judgments against JBI, Inc. and Former Officer in Accounting Fraud Case The Securities and Exchange Commission announced that a Massachusetts federal court entered final judgments by consent on June 26, 2013 and March 20, 2013, respectively, against John W. Bordynuik (“Bordynuik”) and JBI, Inc.…

Securities and Exchange Commission v. Duncan J. MacDonald, III and Gloria Solomon, Civil Action No. 3:13-cv-02275 (Northern District of Texas filed June 17, 2013) SEC Charges Two Executives in Ponzi Scheme At Dallas-Based Medical Insurance Company The Securities and Exchange Commission recently charged two executives at a Dallas-based medical insurance company with operating a $10…

SEC Charges San Diego-Based Promoter in Penny Stock Scheme The Securities and Exchange Commission recently charged a penny stock promoter in the San Diego area for fraudulently arranging the purchase of $2.5 million worth of shares in a penny stock company in an attempt to generate the false appearance of market interest and induce other…

Hedge Fund Manager James Fry, Previously Sued by the SEC for Fraud, Found Guilty of Securities Fraud, Wire Fraud, and Making False Statements to the SEC The Securities and Exchange Commission recently announced that on June 12, 2013 a jury found Minneapolis-area hedge fund manager James Fry guilty of five counts of securities fraud, four…

Securities and Exchange Commission v. MayfieldGentry Realty Advisors, LLC, et al., Civil Action No. 13-cv-12520 (E.D. Mich.) SEC Charges Top Officials At Investment Adviser in Scheme to Hide Theft from Pension Fund of Detroit Police and Firefighters The Securities and Exchange Commission (“SEC”) recently charged the leader of a Detroit-based investment adviser for stealing nearly…

Securities and Exchange Commission v. Detroit Memorial Partners, LLC and Mark Morrow, Civil Action No. 1:13-cv-1817-WSD, United States District Court, Northern District of Georgia SEC Charges Cincinnati Resident and Delaware Firm with Offering Fraud Recently, the Securities and Exchange Commission filed a civil injunctive action in the Northern District of Georgia against Detroit Memorial Partners,…

Securities and Exchange Commission v. Laidlaw Energy Group, Inc. and Michael Bartoszek, Civil Action No. 13 Civ. 3837 (ALC) (S.D.N.Y.) SEC Charges Penny Stock Company and Ceo for Illegal Stock Offering and Insider Trading The Securities and Exchange Commission recently charged a microcap company that was ensnared in an SEC trading suspension proactively targeting questionable…