Days ago, the United States Securities and Exchange Commission, through its Division of Enforcement, obtained a Court order appointing a receiver over the business operations and affairs of ArciTerra Companies, LLC (“ArciTerra”) and its affiliates. The SEC also sought and successfully secured a temporary restraining order against ArciTerra Companies LLC, and its the Chief Executive...Read More

The United States Securities and Exchange Commission brought suit against Titanium Capital LLC and its principal, Henry Abdo, for allegedly running a Ponzi scheme that raked in around $5.3 million from more than 150 investors from the United States and foreign countries.  In addition, the SEC filed charges against a Titanium representative, Barsh, in connection...Read More

The United States Securities and Exchange Commission, SEC, has filed civil charges against Andrew M. Komarow for allegedly engaging in a fraudulent free-riding scheme through which he tried to profit by buying and selling securities that he did not pay for. The SEC’s lawsuit contends that, from October 2022 to January 2023, Komarow made unfunded...Read More

Days ago, the SEC obtained partial final consent judgments against three individuals charged with trading on material non-public information in Portola Pharmaceuticals securities. In its complaint, the SEC contends that one of the defendants, a vice-president at Alexion Pharmaceuticals Inc., knowingly or recklessly tipped non-public, confidential information to a close friend regarding an expected May...Read More

The Securities and Exchange Commission recently filed securities fraud charges against Matthew Melton for allegedly making materially false statements to investors concerning the success of his trading algorithm and for stealing in excess of $1.5 million in investor capital. Specifically, the SEC’s complaint contends that from April 2018 up through the end of October 2018,...Read More

The United States Securities and Exchange Commission has brought civil charges against SafeMoon LLC and other related individuals and entities for allegedly engaging in a fraud scheme involving the unregistered offer and sale of a particular crypto asset named Safemoon. In its enforcement complaint, the SEC contends that Defendants represented to investors that the price...Read More

The United States Securities and Exchange Commission (“SEC”) has filed court papers seeking to compel Elon Musk to comply with a SEC Subpoena requiring him to appear for sworn testimony, to which the SEC alleges Musk has failed to comply. In the event an individual or company does not comply with a subpoena issued by...Read More

The Securities and Exchange Commission has filed an enforcement action against Matthew Motil, known as the Cash Flow King, for allegedly fraudulently raising around $11 million from over fifty investors as part of a Ponzi scheme involving real estate backed notes. Motil fraudulently promised investors low-risk, high-return promissory notes that he claimed were  collateralized by...Read More

In a recent enforcement action, the Securities and Exchange Commission brought charges against MFB 111 Investment, LLC and its principal, Monise François Bien Aimé, contending that they raised around $1.8 million from approximately 170 investors via an offering of unregistered securities, which specifically targeted those in the South Florida Haitian community. In its complaint, the...Read More

The Securities and Exchange Commission has filed civil charges against Jeremy Koski, a Hawaii resident, for violation of the anti-fraud provisions of the federal securities laws in connection with his alleged manipulation of the trading market in equities backed by J.C. Penny Company Debentures. In its enforcement action, the SEC contends that Koski created false...Read More