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…
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…
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…
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,…
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, etc. Scammers...
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