The Securities and Exchange Commission (SEC) has taken legal action against Richard Heart, also known as Richard Schueler, along with three unincorporated entities under his control: Hex, PulseChain, and PulseX. The charges stem from their involvement in conducting unregistered offerings of crypto asset securities, which managed to accumulate over $1 billion in crypto assets from [...]

The Securities and Exchange Commission (SEC) has unveiled charges against Clarice Saw, a former registered representative associated with a broker-dealer in New York. The allegations pertain to her purported involvement in a fraudulent scheme that resulted in defrauding an elderly brokerage customer of approximately $2.4 million. According to the SEC's filed complaint, the period between [...]

The Securities and Exchange Commission (SEC) has taken legal action against Brent Seaman of Naples, Florida, and several entities under his management for engaging in fraudulent activities, resulting in the fraudulent raising of approximately $35 million from at least 60 investors through an unregistered securities offering. Notably, many of these investors were elderly, retired individuals, [...]

The Securities and Exchange Commission (SEC) has taken legal action against investor Joseph C. Lewis for allegedly providing material nonpublic information to his then-girlfriend, Carolyn W. Carter, and his two private pilots, Patrick J. O'Connor and Bryan L. Waugh, with the intention of executing trades based on this confidential information. The SEC has also charged [...]

The Securities and Exchange Commission (SEC) has announced the initiation of legal action against Brandon Charnas, a real estate broker based in New York and South Florida. The SEC is seeking an order from the U.S. District Court for the Southern District of Florida, directing Charnas to comply with an investigative subpoena for documents. The [...]

Together with Weinstein, the Securities and Exchange Commission (SEC) has charged Aryeh L. Bromberg, Joel L. Wittels, Richard M. Curry, Christopher J. Anderson, and Alaa Mohamed Hattab for their involvement in a fraudulent scheme that centered around raising investments for purported deals related to purchasing, distributing, and selling high-demand healthcare products. According to the SEC, [...]

The Securities and Exchange Commission (SEC) has taken legal action against Alexander Elbanna and three entities under his ownership and control for their involvement in a fraudulent scheme related to unregistered offers and sales of crypto asset securities named "DWE" and "BPC." Additionally, Elbanna and one of his entities are charged with fraudulent private offers [...]

The U.S. District Court for the District of Oregon has issued final judgments against Robert D. Christensen and Anthony M. Matic, both residents of Oregon, along with their associated entities, Foresee, Inc., The Commission PDX, LLC, The Policy PDX, LLC, and Innings 150, LLC, for orchestrating a Ponzi-like scheme over multiple years. According to the [...]

The Securities and Exchange Commission (SEC) made an official announcement regarding the resolution of the case against Ryan Morgan Evans, the last remaining defendant involved in the "Saivian" Ponzi and pyramid scheme, and offering fraud, which amounted to a multi-million-dollar scam. As part of the settlement, Evans has agreed to pay $338,743, including disgorgement, prejudgment [...]