Tag: securities fraud

SEC
Investors News

Computer Guru Gets SEC Asset Freeze

The SEC has very strong enforcement power over those who it believes violated, or are violating, the federal securities laws. Brent Kovar, who has had prior run-ins with the securities law, and his mom, were the subject of an emergency action, a seclaw.com/glossary/temporary-restraining-order/” data-gt-translate-attributes='[{“attribute”:”data-cmtooltip”, “format”:”html”}]’>temporary restraining order and asset freeze to halt […]

Corp Finance News

Securiteis Fraud Charges in 45 Million Fraudulent Scheme

The Securities and Exchange Commission today charged seven individuals and a technology company in connection with a fraudulent scheme to gain control of Airborne Wireless Network, promote its seclaw.com/glossary/stock/” data-gt-translate-attributes='[{“attribute”:”data-cmtooltip”, “format”:”html”}]’>stock, and defraud investors. According to the SEC’s complaint, Kalistratos “Kelly” Kabilafkas secretly purchased essentially all the outstanding stock of the shell […]

News

SEC Charges Three in Digital Asset Frauds

he 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 […]