Articles Posted in Fraud and Misrepresentation

Securities and Exchange Commission v. Falcon Ridge Development, Inc., et al., Civil Action No. 13-cv-1101 (E.D. Pa.) SEC CHARGES FALCON RIDGE DEVELOPMENT, INC. AND ITS PRESIDENT AND CEO FOR MARKET MANIPULATION SCHEME The Securities and Exchange Commission recently announced that it charged Falcon Ridge Development, Inc. (“Falcon Ridge”) and its President and CEO, Fred M.…

Securities and Exchange Commission v. Walter Ng, Kelly Ng, Bruce Horwitz, and The Mortgage Fund, LLC, Civil Action No. C-13 0895-NC (U.S. District Court for the Northern District of California) The Securities and Exchange Commission recently charged three Bay Area real estate fund managers with fraud for secretly using the assets of a new real…

Securities and Exchange Commission v. Dynkowski, et al., Civil Action No. 1:09-361 (D. Del.) Defendant Adam S. Rosengard Settles SEC Charges in Penny Stock Manipulation Case The Securities and Exchange Commission recently announced that Chief Judge Gregory M. Sleet of the United States District Court for the District of Delaware entered a final judgment against…

China-Based Company and Former CFO to Pay Penalties for Disclosure and Accounting Violations The Securities and Exchange Commission recently charged a China-based petrochemical company and its former chief financial officer with accounting and disclosure violations, and they agreed to pay more than $1 million combined to settle the charges. The SEC alleges that Keyuan Petrochemicals,…

Thomas Edward Kelly – Registered Principal, Johnson City, New York: The Financial Industry Regulatory Authority, Inc. (FINRA) is a self-regulatory authority assigned the responsibility, by the Securities and Exchange Commission, to license, regulate and discipline securities broker/dealers and their employees, including account executives. In the event that FINRA elects to institute and enforcement action, firms…

Securities and Exchange Commission v. We The People, Inc., of The United States; Richard K. Olive and Susan L. Olive; William G. Reeves, Esq., Civil Action No. 2:13-cv-14050; 2:13-civ-14047; 2:13-cv-14048 SEC Charges We The People, Inc., of The United States and Three Individuals In Offering Fraud Scheme Recently, the Securities and Exchange Commission filed complaints…

Securities and Exchange Commission v. Howard Brett Berger and Michelle Berger, CV-12 4728 (E.D. N.Y. September 21, 2012) SEC Obtains Judgment Against Investment Adviser In Connection With Cherry-Picking Scheme The United States Securities and Exchange Commission (“Commission”) announced that on January 15, 2013, a final judgment was entered by consent against Howard B. Berger (“Berger”),…

Securities and Exchange Commission v. Delsa U. Thomas, et al., Civ. Action No. 3:13-cv-00739-L (N.D. Tex., Dallas Division, filed February 14, 2013) SEC Sues Dallas Investment Adviser Principal for Conducting a Fraudulent High-Yield Investment Scheme The Securities and Exchange Commission recently charged a Dallas investment adviser principal with defrauding investors out of $2.3 million in…

Securities and Exchange Commission v. Sean David Morton, Vajra Productions, LLC, 27 Investments, LLC, and Magic Eight Ball Distributing, Inc., defendants, and Melissa Morton and Prophecy Research Institute, relief defendants, Civil Action No. 10-CV-1720 (SDNY) (KBF) District Court Grants Securities and Exchange Commission’s Motions for Default Judgment against a Nationally Known Psychic and his Corporate…

SEC Charges N.Y.-Based Brokerage Firm with Defrauding Investors in a Clean Energy Company to Earn Lucrative Commissions The Securities and Exchange Commission recently announced fraud charges against a New York-based brokerage firm and two brokers who allegedly used misleading sales tactics to steer investors toward risky investments in a purported clean energy company so the…