More Securities Law Updates
Page 5 of 24 of Securities Law Summaries » New Releases/No Action Letters
U.S. v. Cheng Yi Liang | Case No. 8:11cr530 |
10/18/2011
A Food and Drug Administration (FDA) chemist has pleaded guilty before U.S. District Court Judge Deborah K. Chasanow in the District of Maryland to one count of securities fraud and one count of making false statements, related to a $3.7 million insider trading scheme that spanned nearly five years, according to Assistant Attorney General Lanny A. Breuer of the Justice Department’s Criminal Division; U.S. Attorney for the District of Maryland Rod J. Rosenstein; James W. McJunkin, Assistant Director in Charge of the FBI’s Washington Field Office; and Elton Malone, Special Agent in Charge of the Department of Health and Human Services, Office of the Inspector General (HHS-OIG), Office of Investigations, Special Investigations Branch. More...
Case No. _________, | U.S. v. Mark Alan Helsing |
10/3/2011
A broker for “hard money lenders” was convicted today of stealing $6.9 million from investors in a Ponzi and real estate fraud scheme. More...
In the Matter of David Shane and McGladrey & Pullen, LLP | CFTC Docket No. 11-23, CFTC Release No. pr6114-11 |
9/22/2011
The U.S. Commodity Futures Trading Commission (CFTC) has filed and simultaneously settled an administrative proceeding against McGladrey & Pullen, LLP (McGladrey), a nationwide public accounting firm with offices in Chicago, Ill., and a McGladrey partner, David Shane, a certified public accountant (CPA) licensed in Illinois. More...
In re: Wachovia Securities, LLC, Wachovia Capital Markets, LLC, Raymond James & Associates, Inc. and Raymond James Financial Se | Case No.________ |
10/4/2011
The New Jersey Bureau of Securities, within the Division of Consumer Affairs, has signed Consent Orders requiring Wachovia Securities, LLC and Wachovia Capital Markets, LLC (“Wachovia”), and Raymond James & Associates, Inc. and Raymond James Financial Services, Inc. (“Raymond James”), to repurchase auction-rate securities (ARS) from New Jersey clients to settle allegations that the firms sold ARS without disclosing known risks of the ARS market. More...
U.S. v. Alan James Watson | DOJ No. 11-1240, Case No. _____, U.S. District Court for the Eastern District of Virginia |
9/22/2011
Alan James Watson, 46, of Clinton Township, Mich., has pleaded guilty to fraudulently soliciting and accepting $40 million from more than 750 members of his investment club and losing nearly all of it through non-disclosed, high-risk investments. More...
SEC v. Eric J. Aronson | SEC No. 2011-201, Case No. 11cv7033, U.S. District Court for the Southern District of New York |
10/6/2011
The Securities and Exchange Commission has obtained an emergency court order to halt a Ponzi scheme that promised investors rich returns on water-filtering natural stone pavers, but bilked them of approximately $26 million over a four-year period.
More...
U.S. v. Eliyahu Weinstein | Criminal Case No. ______, U.S. District Court for the District of New Jersey |
10/27/2011
Eliyahu Weinstein, a/k/a “Eli Weinstein,” a/k/a “Edward Weinstein,” a/k/a “Eddie Weinstein,” has been indicted by a federal grand jury in Newark on charges alleging he ran an investment fraud scheme causing losses of at least $200 million, New Jersey U.S. Attorney Paul J. Fishman announced. More...
Federal Trade Commission v. Grant Connect, LLC, et al. | FTC File No. 092 3108, Civil Action No. 09-CV-01349-RLH-RJJ, United States District Court For The District of Nevada |
11/14/2011
The Federal Trade Commission has won a $29.8 million judgment against the remaining defendants behind a deceptive marketing operation known as Grant Connect. More...
U.S. v. Manosha Karunatilaka | No. S311CR32JR; No. 1:10-mj-02823 |
9/16/2011
United States Attorney for the Southern District of New York Preet Bharara announced that Manosha Karunatilaka has been sentenced in Manhattan federal court to 18 months in prison for conspiring to participate in an insider trading scheme in which he defrauded a public company to obtain material, nonpublic information and provided that information to members of the investment community for the purpose of executing securities transactions. More...
SEC v. James G. “Jay” Temme and Stewardship Fund LP | SEC No. 2011-213, Case No. ____, U.S. District Court for the Eastern District of Texas |
10/18/2011
The Securities and Exchange Commission has obtained an emergency court order to freeze the assets of a Texas resident and his company charged with falsely telling investors he was using their money to buy and restructure pools of non-performing home mortgages in the wake of the housing market’s decline. More...
Page 5 of 24 of Securities Law Summaries » New Releases/No Action Letters
