Tag: Securities Fraud

October 7, 2021

Litigation Finance Firm Founder Pleads Guilty to Securities Fraud

Jaeson Birnbaum faces up to 20 years in prison for using investor funds for personal use and to pay earlier investors.

Risk October 6, 2021

Keith Wakefield allegedly lost $30 million from unauthorized risky bond trades, which forced IFS Securities to go out of business.

Asset Allocation September 22, 2021

The social media company was accused of concealing from investors its stagnant user growth and declining user engagement.

Asset Allocation September 10, 2021

Manish Lachwani is accused of grossly overstating sales figures when courting investors.

Manager Selection July 23, 2021

L-R Managers co-founder Donald LaGuardia has also been ordered to pay $6.6 million in fines and restitution.

Regulation July 12, 2021

Sean Wygovsky is accused of taking in $3.6 million from insider trading at a Canadian asset management firm.

July 1, 2021

Donald Blakstad allegedly used material nonpublic information to rake in over $7 million

June 1, 2021

Eric Malley induced more than 300 people to invest in purportedly debt-free luxury properties.

May 11, 2021

Michael Hild allegedly called his scheme to mismark bonds a ‘self-generating money machine.’

April 30, 2021

Prosecutors say the defendants unwittingly conspired with an undercover agent who was posting as a corrupt stock promoter.

Pensions April 29, 2021

Andrew Franzone allegedly used misappropriated funds to buy an airplane hangar for his race car collection.

Pensions April 29, 2021

Sheng-Wen Cheng claimed celebrities, athletes, and even a deceased Penn State football coach were on his payroll.

Risk April 9, 2021

Daniel Boice pleaded guilty to defrauding 250 investors out of more than $18 million.

Risk March 31, 2021

uBiome’s CEO and chief scientific officer were also indicted by a federal grand jury.

Risk March 30, 2021

Jason Peltz is accused of using insider information and a relationship with a business reporter to reap a profit.