Articles Posted in Fraud and Misrepresentation

July, 2012: Securities and Exchange Commission v. Aubrey Lee Price, et al. Case No. 1:12-CV-2296 (N.D. Ga. July 2, 2012) SEC FREEZES ASSETS OF MISSING GEORGIA-BASED INVESTMENT ADVISER The Securities and Exchange Commission announced recently that it has obtained a court order freezing the assets of a Georgia-based investment adviser who has apparently gone into…

July, 2012: Securities and Exchange Commission v. Gold Standard Mining Corp. (formerly known as Fluid Solutions Inc.), Panteleimon Zachos, Kenneth G. Eade, Edward Randall Gruber, CPA, and Gruber & Company, LLC, Civil Action No. CV-12-5662 PA (CWx) (C.D. Cal.) SEC CHARGES GOLD STANDARD MINING CORP. AND OTHERS FOR FALSE AND MISLEADING STATEMENTS CONCERNING RUSSIAN GOLD…

Securities and Exchange Commission v. Peter Madoff, 12-Civ-5100 (S.D.N.Y.) SEC CHARGES PETER MADOFF WITH FRAUD AND FALSE STATEMENTS TO REGULATORS June, 2012: Recently, the Securities and Exchange Commission charged Peter Madoff, the brother of Bernie Madoff, with committing fraud, making false statements to regulators, and falsifying books and records in order to create the false…

SEC Charges 14 Sales Agents In $415 Million Long Island-Based Ponzi Scheme June, 2012: The Securities and Exchange Commission recently charged 14 sales agents who misled investors and illegally sold securities for a Long Island-based investment firm at the center of a $415 million Ponzi scheme. The SEC alleges that the sales agents – which…

SEC Shuts Down $42 Million Ponzi-Like Scheme June, 2012: The Securities and Exchange Commission recently announced that it has obtained an emergency court order to halt an alleged Ponzi-like scheme operated by Small Business Capital Corp. and its principal Mark Feathers, who raised $42 million by selling securities issued by Investors Prime Fund LLC and…

South Florida Broker/Dealer Misconduct FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. June, 2012: The Securities and Exchange Commission recently obtained a temporary restraining order and asset freeze against a Utah man and company charged with operating a real estate-based Ponzi scheme that bilked $100 million from investors nationwide. The SEC’s complaint filed in…

Penny Stocks: This post is designed to provide the reader with general educational information concerning various characteristics associated with “penny stocks.” Please keep in mind that this information is being provided for informational purposes only and is not designed to be complete in all material respects. Thus, it should not be relied upon as providing…

Securities Fraud and Misrepresentation Litigation and FINRA Attorney, Russell L. Forkey, Esq. June, 2012: SEC v. Jeffrey L. Mowen, Thomas R. Fry, Bevan J. Wilde, Gary W. Hansen, Michael G. Butcher, James B. Mooring, David G. Bartholomew, and Michael W. Averett, Case No. 2:09-cv-00786-DB/PMW (D. Utah) Promoters of Convicted Ponzi Scheme Operator Jeffrey L. Mowen…

Penny Stock Fraud Litigation and FINRA Arbitration Attorney, Russell L. Forkey, Esq. June, 20132: SEC v. Yan K. Skwara and US Farms, Inc., Civil Action No. 0:12-cv-61078-JAL (U.S. District Court for the Southern District of Florida) SEC v. Douglas D. Hague and Clean Coal Technologies, Inc., Civil Action No. 0:12-cv-61076-WJZ (U.S. District Court for the…

Securities Fraud and Misrepresentation Litigation and FINRA Arbitration Attorney, Russell L. Forkey, Esq. June, 2012: SEC Charges Two Feeders For One of South Florida’s Largest-Ever Ponzi Schemes Recently, The Securities and Exchange Commission charged two individuals who provided the biggest influx of investor funds into one of the largest-ever Ponzi schemes in South Florida. The…