Newsmakers
Firm Charged With Defrauding Disabled People Using Fake Trusts
The SEC alleges that Synergy Settlement Services used funds from deceased beneficiaries’ accounts for golf tournaments and beach parties.
The owners of EmpowerCoin, ECoinPlus and Jet-Coin face charges of wire fraud, money laundering and obstruction of justice, among others.
CEO Manish Lachwani allegedly falsely inflated the software firm’s revenue by $800 million.
The regulator gave $564 million to 108 tipsters, while distributing $521 million to harmed investors.
The regulator says it is ‘intently focused on SPAC merger transactions.’