The Securities and Exchange Commission ("SEC") charged 1 Global Capital LLC's ("1 Global") former chief financial officer, Alan G. Heide, with defrauding retail investors. The now-bankrupt Florida-based cash advance company allegedly fraudulently raised more than $322 million from 3,600 investors between 2014 and last year.
The Securities and Exchange Commission ("SEC") brought fraud charges against a real estate company, Hartman Wright Group, LLC and its founder, Tytus W. Harkins, for raising over $8 million in an unregistered real estate-based offering fraud.
The Securities and Exchange Commission ("SEC") charges Marcus Boggs, a former Chicago investment adviser at the Chicago office of Merrill Lynch, with stealing over $1.7 million from at least three of his clients.
The Securities and Exchange Commission ("SEC") charged Brenda Smith, a Pennsylvania investment adviser, with operating an investment advisory fraud involving over $100 million in investments. The SEC also obtained an emergency asset freeze.
A Chicago investment adviser pled guilty to investment adviser fraud for his role in allocating profitable trades to benefit himself and his family, at the expense of his firm's clients.
A federal judge has entered a final judgment against 51-year old Massachusetts resident and Cape Cod investment advisor Kimberly Pine Kitts in an SEC case that charged Kitts, a long-time former Royal Alliance advisor, with defrauding multiple clients by stealing more than $3 million from their investment and retirement accounts.
On May 29, 2019, the Securities and Exchange Commission (SEC) charged George Slowinski with perpetrating a more than $20 million real estate fraud in Chicago, Illinois, impacting more than 600 investors.
Sweetwater Investments Inc. principal, Dennis Gibb has pled guilty in Washington federal court to stealing $3.1 million from his clients and covering his tracks with falsified account statements and tax documents.
A federal judge for the U.S. District Court for the Southern District of Florida has granted the SEC’s request for a temporary restraining order and temporary asset freeze of Florida based alternative investment firm, Castleberry Financial Services Group, LLC.
According to the Internal Revenue Service’s annual report for 2018, its whistleblower reward program has triggered collections of over $1.4 billion in sanctions from individuals and entities involved in tax fraud and other related violations.
