Last month, the SEC announced yet another enforcement action involving a special purpose acquisition company (“SPAC”). A SPAC is a publicly traded shell company that has no underlying…
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On May 20, 2021, Eric Malley, the founder and former CEO of MG Capital Management, L.P., a real estate private equity investment firm, pled guilty to fraudulently soliciting…
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An arbitration panel recently ordered UBS Financial Services to pay almost $4.8 million to two individuals and a holding company stemming from the sale of Puerto Rican bonds…
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his month, judgment was entered against David Gilbert Saffron and Circle Society, Corp., a Nevada corporation, for fraudulently soliciting nearly $16 million in Bitcoin and U.S. dollars for…
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On December 3, 2020, Vitol Inc. entered into a deferred prosecution agreement with the U.S. Department of Justice, deferring criminal prosecution of Vitol’s fraudulent, manipulative and deceptive conduct,…
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Affinity fraud is an investment scam that targets potential investors that belong to a specific group, such as religious or ethnic communities, professional groups, racial minorities, the elderly,…
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