According to a November 26th press release, the Securities and Exchange Commission (“SEC”) has revoked the registration of investment adviser International Investment Group LLC (“IIG”), following charges of “securities fraud for hiding losses in its flagship hedge fund and selling at least $60 million in fake loan assets to clients.”
A former Premium Point Investments trader received 40 months in prison for what federal prosecutors called a scheme to overinflate the fallen hedge fund's assets by $100 million by soliciting fake price quotes from a corrupt broker.
A federal judge has found former Philadelphia Eagles' linebacker guilty for a second time of defrauding his former coaches and other investors.
A federal jury convicted a former Philadelphia Eagles linebacker and Minnesota Vikings alumni Merrill Robertson Jr. in a retrial for his role in a $10 million fraud scheme.
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.
