Tag: Southern District of New York

Regulation June 15, 2022

NFT Marketplace Worker Charged With Wire Fraud and Money Laundering

Nathaniel Chastain was arrested for what the Justice Department calls the ‘first ever digital asset insider trading scheme.’

Newsmakers March 30, 2022

John and Tina Barksdale allegedly defrauded thousands of investors through offerings of a digital token called Ormeus Coin.

Newsmakers December 13, 2021

Eric Malley pleaded guilty to scamming over 300 investors out of approximately $58 million.

Risk December 8, 2021

Jeremy Spence, whose trades consistently tanked, lured investors with tales of 148% returns.

Newsmakers November 29, 2021

Gregg Brie threatened to kill a disabled client when he asked for his money.

September 16, 2021

The former UBS securities broker faces up to 20 years in prison for defrauding investors out of more than $30 million.

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

Risk June 21, 2021

Marc Lawrence allegedly siphoned employee-investor funds to pay for personal expenses.

June 1, 2021

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

May 20, 2021

Elliot Smerling could face more than 60 years in prison for wire fraud, bank fraud, and identity theft.

May 11, 2021

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

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.