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<p><span>The Securities and Exchange Commission today charged a Latvian citizen with defrauding hundreds of retail investors out of at least $7 million through two separate fraudulent digital asset securities offerings.</span></p> <div><span><br /></span></div>
SEC Charges U.S. Promoters Of $2 Billion Global Crypto Lending Securities Offering Date 28/05/2021 The Securities and Exchange Commission announced today that it has filed an action against five individuals alleging that they promoted a global unregistered digital asset securities offering that raised over $2 billion from retail investors. According to the SEC's complaint, filed in the United States District Court for the Southern District of New York, from approximately January 2017 to January 2018, BitConnect used a network of promoters, including U.S.-based Trevon Brown (a.k.a. Trevon...
SEC Charges Felon And Six Others In Oil-And-Gas Offering Fraud Date 14/04/2021 The Securities and Exchange Commission today charged seven individuals, including criminal recidivist Richard Dale Sterritt, Jr., with defrauding investors through a multimillion dollar oil-and-gas offering fraud and related market manipulation scheme. The SEC's complaint alleges that, between March 2018 and at least November 2020, Sterritt – who used the pseudonym "Richard Richman" – Michael Greer, Deanna Looney, Robert Magness, Jr., Katie Mathews, James Christopher Pittman, and Mark Ross raised more th...
Litigation Release No. 25023 / February 5, 2021 Securities and Exchange Commission v. Lev Parnas and David Correia, Civil Action No. 1:21-cv-995 (S.D.N.Y. filed February 4, 2021). The Securities and Exchange Commission today charged Lev Parnas of Boca Raton, Florida and David Correia of West Palm Beach, Florida for raising millions of dollars from investors by making false and misleading representations and misappropriating the bulk of those funds to pay for personal expenses. As alleged in the SEC's complaint, from January 2013 through mid-2019, Parnas and Correia raised over $2 million from...
FOR IMMEDIATE RELEASE Washington D.C., Feb. 1, 2021 — The Securities and Exchange Commission today charged three individuals with defrauding hundreds of retail investors out of more than $11 million through two fraudulent and unregistered digital asset securities offerings. According to the SEC's complaint, filed in U.S. District Court for the Eastern District of New York, from approximately December 2017 through May 2018, Kristijan Krstic, founder of Start Options and Bitcoiin2Gen, and John DeMarr, the primary U.S.-based promoter for these companies, fraudulently induce...