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Assets Frozen on $150 Mill Investment Scheme

SEC Freezes Assets on a $150 Million Dollar Real Estate Investment Scheme
The SEC filed fraud charges against a group of companies in California that raised over $150 million in a real estate investment scheme.  According to the SEC, Yin Nan (Michael) Wang and Wendy Ko raised money from more than 2,000 investors.  They sold …

Childrens’ Courses Pyramid Scheme Busted

SEC Busts Pyramid Scheme for Investing in Online Childrens Educational Courses
 

The SEC froze the assets of five entities that collectively went by “CKB” and “CKB168”.  A string of international organizations participated in this world wide Ponzi scheme that targeted Asian Americans.  The company offered “risk free” investments in their online childrens educational courses.  The …

Sentinel Head Trader Pleads Guilty to Fraud

The disgraced former Head of Trading at Sentinel Management Group Inc., Charles Mosely, plead guilty today to one of the largest cases of criminal financial fraud cases ever prosecuted in Chicago. The pleading brings to full circle the case against Mosley and the Sentinel Management Group which collapsed in a spectacular fashion over six …

SEC Shuts Down EB5 Scam in Texas

The Securities and Exchange Commission (SEC) announced today that they were filing fraud charges against a Texas based couple for allegedly stealing funds from investors based in foreign countries, while promising these investors a path to citizenship in the United States of America (US) through the EB-5 visa program.

In a joint release with U.S. …

Ponzi Scheme Targeting International Investors

Las Vegas, NV: The Securities and Exchange Commission (SEC) announced today, in Washington DC, the emergency freezing of the assets of a Las Vegas based company and the sole owner of the business, Edwin Fujinaga for allegedly perpetrating a multimillion dollar Ponzi scheme targeting Japanese investors.

According to the complaint, Fujinaga has been running a …

Father & Son Defrauded Terminally Ill

Lexington, SC: The Securities and Exchange Commission (SEC) today charged a father and son duo, in Lexington South Carolina, of running a fraudulent investment scheme designed to specifically target some of society’s most vulnerable citizens, the terminally ill. The two are charged with profiting illegally from the deaths of their victims.
According to the charges …

AIC Capital Group Charged with Fraud

The Securities and Exchange Commission (SEC) charged the founder of New York based AIC Capital Group, Fredrick D. Scott, with defrauding his investors while simultaneously grossly misrepresenting the amount of assets under his control.

According to the complaint filed by the SEC Scott registered his company AIC Capital Group as an investment advisor. Once registered …

Money Manager Caught Defrauding Investors

The Securities and Exchange Commission (SEC) has charged purported money manager Ronald Feldstein, of New York City, with conducting a “free riding” scheme and using it to defraud several brokerage firms as well as cheating investors out of up to half a million dollars in investment funds.
The complaint, which was filed in U.S. District …

Ponzi Scheme in Indianapolis

The Securities and Exchange Commission (SEC) filed charges against Indianapolis resident, John K. Marcum, and his company Guaranty Reserves Trust, for defrauding investors in a Ponzi scheme that specifically targeted retirement accounts. The SEC was also able to obtain an emergency freeze on all the assets of the Nobleseville Ind., resident.

According to the complaint, …

JPMorgan Chase Traders Charged By the SEC

 
Two Former JPMorgan Chase Traders Charged By the SEC
 

Two traders from JPMorgan Chase & Company have been charged by the Securities and Exchange Commission (SEC) with fraudulently overhauling investments that were designed to hide massive losses in the portfolios being managed by the two traders.

According to the complaint, which was filed in the US …