The Securities and Exchange Commission (SEC) recently obtained an unopposed final judgment against defendant Vladislav Kliushin (a/k/a Vladislav Klyushin) for his participation in a fraudulent hack-to-trade scheme. The SEC’s complaint, filed in the U.S. District Court for the District of Massachusetts, charged Kliushin with violating the antifraud provisions of Section 17(a) of the Securities Act...Read More

The Securities and Exchange Commission (SEC) charged investment advisers Kronus Financial Corporation and Finser International Corporation, along with their principal, Andrew H. Jacobus, with misappropriating over $17 million from 40 advisory clients, most of whom are Venezuelan nationals and include Catholic dioceses and elderly individuals. The SEC’s complaint, filed in the U.S. District Court for...Read More

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