Over $630 Million of Alleged Fraud Proceeds Seized by U.S. Government…
Musk Settles with the SEC: Will Resign as Tesla Chairman for 3 Years, Pay $20MM Fine, Stay as CEO…
Just one day after the SEC sued Elon Musk for securities fraud, in a move that shocked many who were skeptical the US regulator would do anything more than slap a few wrists – an action which it took only after it emerged that Musk had turned down a settlement offer from the SEC in […]
Tesla’s Stock Soars…
Martin Shkreli Convicted Of Securities Fraud…
Moments ago, the Martin Shkreli jury announced its verdict, and while the ex-pharma exec was found not guilty on 5 of 8 counts, he was also found guilty on 3 of 8 counts, namely count 3: Securities Fraud, count 6: Securities Fraud, and count 8: Conspiracy to Commit Securities Fraud. As a result, as Bloomberg […]
How Antonio Lee Snuck A Fake $3.6 Trillion Acquisition Past The SEC…
Antonio Lee, “an American entrepreneur” and “world renowned artist,” can be described as almost anything except humble…”scam artist” fits pretty well. According to his official bio, Lee began his career in the cosmetology field, “as a barber”, but quickly decided he was better suited to raise a $1 trillion “art investment fund”…
Two New Jersey Traders Arrested For Manipulating $10 Billion Worth Of Stocks, Making $26 Million In Profit…
The SEC continued its crackdown against “market-manipulating masterminds” today, when it charged two New Jersey-based traders, 37-year-old Joseph Taub, of Clifton, and 21-year-old Elazar Shmalo of Passaic, with manipulating more than 2,000 NYSE and NASDAQ-traded stocks reaping more than $26 million…