The U.S. District Court for the Southern District of New York has entered a final judgment on consent against Andrew DeFrancesco, the former Chairman of Cool Holdings, Inc., in relation to a scheme involving false statements and omissions in filings with the SEC, as well as a fraudulent pump-and-dump scheme involving Cool Holdings' stock. Two [...]

The Securities and Exchange Commission (SEC) has taken action against Caz L. Craffy, a former U.S. Army financial counselor, charging him with defrauding Gold Star family members and others through unauthorized trading and recommending inappropriate investment strategies. According to the SEC's complaint, Craffy, based in Colts Neck, New Jersey, had the authority to provide general [...]

The Securities and Exchange Commission (SEC) has announced that it has reached a settlement with View Inc., a California-based manufacturer of "smart" windows, regarding charges of failing to disclose $28 million in projected warranty-related liabilities. The SEC decided not to impose civil penalties on View Inc. due to the company's self-reporting of the misconduct, prompt [...]

The Securities and Exchange Commission has made an announcement regarding the recent developments in the legal proceedings related to Spartan Trading Company, LLC (Spartan Trading), a fraudulent pooled investment fund. On June 30, 2023, the Honorable Jerry W. Blackwell of the United States District Court for the District of Minnesota issued an Order in response [...]

The Securities and Exchange Commission (SEC) has obtained final judgments against Empires Consulting Corp. (EmpiresX) and its founders, Emerson Sousa Pires and Flavio Mendes Goncalves, following charges related to a fraudulent trading scheme. As per the SEC's complaint, filed on June 30, 2022, Pires and Goncalves operated EmpiresX, presenting it as a hedge fund that [...]

The Securities and Exchange Commission has taken action against Vidul Prakash, the former Chief Financial Officer of View Inc., a California-based manufacturer specializing in "smart" windows. Prakash has been charged by the SEC for his negligent oversight, which resulted in the failure to disclose $28 million in projected warranty-related liabilities. According to the complaint filed [...]

The Securities and Exchange Commission (SEC) has taken legal action against Robert D. Christensen and Anthony M. Matic, both residents of Oregon, along with several companies under their control. The SEC has charged them with engaging in a Ponzi-like scheme and deceiving investors who invested over $10 million in promissory notes. According to the SEC's [...]

The Securities and Exchange Commission (SEC) has made an announcement regarding insider trading charges against Amit Dagar, a former employee of Pfizer Inc., and his close friend and business partner, Atul Bhiwapurkar. The charges are related to their trading activities prior to Pfizer's announcement on November 5, 2021, regarding the successful results of a randomized, [...]

The Securities and Exchange Commission (SEC) has taken legal action by filing insider trading charges against Bruce Garelick, a former board member of Digital World Acquisition Corporation (DWAC), a special purpose acquisition company (SPAC). The charges also extend to Michael Shvartsman, his firm Rocket One Capital LLC, and Gerald Shvartsman. The allegations pertain to trading [...]