Articles Posted in Fraud and Misrepresentation

Securities and Exchange Commission v. Heart Tronics, Inc., et al., 11-cv-01962 (C.D. Cal.) August, 2012: The Securities and Exchange Commission recently announced that Martin B. Carter and Ryan A. Rauch have agreed to settle charges brought against them in SEC v. Heart Tronics, Inc., et al. The complaint alleged that Heart Tronics repeatedly announced millions…

SEC v. The Companies (TC), LLC, et al., Civil No.: 2:12-cv-00765-DN (USDC Utah, Filed July 6, 2012). August, 2012: SEC CHARGES REAL ESTATE INVESTMENT COMPANY AND ITS PRINCIPALS WITH OFFERING FRAUD Recently, the Securities and Exchange Commission filed a Complaint in federal district court against The Companies (TC), LLC (“The Companies”) and its principals, Kristoffer…

SEC v. Well Advantage Limited, et al., Civil Action 12-CV-5786 (SDNY)(RJS) August, 2012: SEC FREEZES AN ADDITIONAL $6 MILLION IN NEXEN INSIDER TRADING CASE Recently, the Securities and Exchange Commission obtained an emergency court order in the United States District Court for the Southern District of New York to freeze more than $6 million in…

Securities and Exchange Commission v. Inofin, Inc., Michael J. Cuomo, Kevin J. Mann, Sr., Melissa George, Thomas Kevin Keough, David Affeldt, and Nancy Keough, 1:11-CV-10633 (D. Mass., Complaint Filed April 14, 2011) August, 2012: FINAL JUDGEMENTS ENTERED AGAINST FORMER EXECUTIVES OF MASSACHUSETTS COMPANY The Securities and Exchange Commission recently announced that final judgments were entered…

SEC V. MICHAEL A. BODANZA ET AL., Case No. 1:12-CV-1954 (N.D. Ohio, filed July 27, 2012) July, 2012: SEC Charges Ohio Oil and Gas Concern with Offering Fraud The Securities and Exchange Commission recently announced that it filed a civil injunctive action alleging fraud in connection with the unregistered offer and sale of securities by…

SEC Charges N.Y.-Based Fund Manager and Others With Securities Law Violations Related to Chinese Reverse Merger Company July, 2012: The Securities and Exchange Commission recently charged New York-based investment manager Peter Siris and two of his firms with a host of securities law violations mostly related to his activities with a Chinese reverse merger company,…

Securities and Exchange Commission v. Emanuel L. Sarris, Sr. and Sarris Financial Group, Inc., Civil Action No. 12-cv-04272-TON (E.D. Pa.) July, 2012: The Securities and Exchange Commission recently filed an action for fraud against Bucks-County, Pennsylvania-resident Emanuel L. Sarris, Sr. (“Sarris”) and his firm, Sarris Financial Group, Inc. (“Sarris Financial”), for their role in facilitating…

Securities and Exchange Commission v. Ladislav “Larry” Schvacho, Civil Action No. 1:12-cv-2557-WFD (N.D. Ga.) SEC CHARGES CLOSE FRIEND OF STAFFING COMPANY CEO WITH INSIDER TRADING AROUND ACQUISITION Recently, the Securities and Exchange Commission charged the close friend of a CEO with insider trading in the stock of a Houston-based employment services company by exploiting confidential…

Securities and Exchange Commission v. Ronald Feldstein, Civil Action No. 12 Civ. 5751 (S.D.N.Y.) July, 2012: SEC CHARGES AIDER AND ABETTOR OF PENNY STOCK COMPANY’S DISCLOSURE OF FAKE INVESTMENT The Securities and Exchange Commission recently filed a complaint in the United States District Court for the Southern District of New York alleging that Ronald Feldstein…

SEC v. Dynkowski, et al., Civil Action No. 1:09-361 (D. Del.) July, 2012: Defendant Matthew Brown Settles Penny Stock Manipulation Charges 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 Defendant Matthew W. Brown on…