CEO Charged in Multimillion Dollar Fraud Involving Two Firms
Aron Govil allegedly siphoned $7 million from Cemtrex and Telidyne investors for personal use.
Tag: Fraud
Risk
VC Fund President Gets Nearly 5 Years in Prison for Securities, Wire Fraud
Marc Lawrence allegedly siphoned employee-investor funds to pay for personal expenses.
Dentist-Turned-Investment Adviser Charged in Three Frauds by SEC
Edgar Radjabli is accused of manipulating the securities market for Veritone, among other schemes.
Risk
Risky Business Leads to $1 Billion Trading Loss, Charges for Fund Execs
SEC alleges portfolio managers misled investors about risk management practices.
SEC Obtains Final Judgment Against Shkreli Lawyer
Evan Greebel allegedly drafted bogus consulting agreements to fend off disgruntled hedge fund investors.
Regulation
SEC Extends Its Reach into Dark Web
Regulator charges former SpaceX engineer in its first enforcement of alleged securities violations on that part of the internet.
Risk
Texas Energy Fund Adviser Charged with Defrauding Over 100 Investors
Fund principals allegedly pocketed nearly $2.7 million in illicit payments.
Risk
Cryptocurrency Firm Co-Founder Gets 8-Year Prison Sentence for ICO Fraud
Sohrab ‘Sam’ Sharma was also ordered to forfeit more than $36 million.
Risk
McAfee Indicted for Fraud, Money Laundering Conspiracy Crimes
Former software firm founder could spend the rest of his life behind bars if convicted.
Regulation
SEC Charges Seven in $45 Million Pump and Dump Scheme
Kelly Kabilafkas allegedly promoted shares in Airborne Wireless Network, then dumped the stock.
Risk
Cryptocurrency Firm Founder Indicted in Alleged Multimillion Dollar Scam
Kristijan Krstic, aka Felix Logan, allegedly absconded with $7 million of investors’ money.
FBI Arrests VC Firm Founder Over Alleged Investment Fraud
Derek Jones has been charged with wire fraud and identity theft in an allegedly multimillion dollar scam.
Regulation
Hedge Fund Founder Pleads Guilty to Neiman Marcus Bankruptcy Fraud
Daniel Kamensky pressured a rival investor to drop its bid for assets he wanted on the cheap.
Risk
Three Charged by SEC with Defrauding Hundreds of Digital Asset Investors
John DeMarr allegedly staged his own disappearance in Montenegro to avoid disgruntled investors.
CIO Pleads Guilty to Role in $100 Million Fraud
International Investment Group’s David Hu faces a maximum sentence of 45 years in prison.