The Securities and Exchange Commission (SEC) recently charged New York City-based Unicoin, Inc., and four of its top executives – CEO and Board Chairman Alex Konanykhin, his ex-wife, Silvina Moschini (former President, former Board Chairwoman, and current Board Member), former Chief Investment Officer, Alex Dominguez, and General Counsel Richard Devlin.  The SEC’s charges are predicated...Read More

The Securities and Exchange Commission (SEC) recently charged Joel J. Natario and Jefferson Scott Baker, promoters of a purported merchant cash advance business, with operating a Ponzi scheme that raised more than $10 million from investors. The SEC’s complaint, filed in the United States District Court for the District of Nevada, charges Natario and Baker...Read More

The Securities and Exchange Commission (SEC) recently charged Richard T. Kim, a 39 year old New York lawyer, with fraud for allegedly misappropriating approximately $3.7 million of investor funds that he raised to build a blockchain-based online casino to be called Zero Edge. The SEC’s complaint, filed in the U.S. District Court for the Southern...Read More

The Securities and Exchange Commission (SEC) recently charged Derek Taller, the CEO and Chairman of the Board of Directors of two investment funds and their external investment adviser firms, with engaging in fraudulent conduct while managing and advising the two funds, which included making material misrepresentations in offering materials and engaging in self-dealing. The SEC’s...Read More

The U. S. Securities and Exchange Commission (SEC) recently filed charges against Randall J. Miller, his son Chad J. Miller, and an associate Jeffrey De Laveaga, all residents of Maricopa County, Arizona, with a fraudulent $284 million bond offering scheme to finance a sports complex in Mesa Arizona. The SEC’s complaint, filed in the U.S....Read More

The U. S. Securities and Exchange Commission (SEC) recently filed charges against Jenni Yoon Jeong Lee, a former Seattle-area investment adviser, and her shell company, Evergreen Property Developments LLC, with a years-long fraud scheme targeting elderly members of the Korean-American community. The SEC’s complaint, filed in the U.S. District Court for the Western District of...Read More

The U.S. Securities and Exchange Commission (SEC) obtained a final consent judgment against Robert Del Prete, a 38-year-old resident of Brick, New Jersey and former SPAC accounting consultant, for insider trading in the stock of HighCape Capital Acquisition Corp. The SEC Complaint, filed in the U.S. District Court for the District of New Jersey, charges...Read More

The U.S. Securities and Exchange Commission (SEC) obtained a final judgment against Shaohua (Michael) Yin, a Chinese National, and partner at a Hong Kong-based private equity firm, for insider trading using five nominee accounts from addresses in Beijing and Palo Alto, California, as well as on a computer that also accessed Yin’s email accounts. The...Read More

The U.S. Securities and Exchange Commission (SEC) recently settled charges against Philip Markin, a resident of Weehawken, New Jersey, employed as an elevator mechanic, for insider trading in a scheme to trade ahead of a pharmaceutical company tender offer.  He is the fifth individual charged in connection with the alleged insider trading scheme. The SEC’s...Read More

The U.S. Securities and Exchange Commission (SEC) filed fraud charges against Matthew Groom, a resident of North Carolina and self-employed Managing Director of TechNet UC, a private information technology consulting company that he co-founded, for illegal insider trading in the securities of Spero Therapeutics Inc., a Delaware corporation based in Cambridge, Massachusetts, focused on the...Read More