State Securities Regulators Reach Settlement with Vanguard
State Securities Regulators Reach Settlement with Vanguard **TRENTON, NJ** – The Office of the Attorney General, Division of Consumer Affairs, and Bureau of Securities have announced that New Jersey is part of…
New York CEO Convicted of Securities Fraud Over COVID-19 Rapid Test Claims
NEWARK, N.J. – The former CEO of SCWorx Corp. (SCWorx), Marc Schessel, was convicted today on two counts of securities fraud. A federal jury found Schessel guilty of misleading investors about the…
New Jersey Man Convicted of Tax Evasion in Securities Fraud Scheme
PHILADELPHIA – United States Attorney Jacqueline C. Romero announced that Joseph Cammarata, 49, of Monmouth Beach, New Jersey was found guilty on November 15, 2023, on five counts of tax evasion following…
Monmouth County Man Convicted of Tax Evasion in Securities Fraud Scheme
TRENTON, N.J. – A Monmouth County, New Jersey, man was convicted on five counts of tax evasion for his role in a $39 million investment fraud, U.S. Attorney Philip R. Sellinger for…
Former Chairman of 1 Global Pleads Guilty to Running $250 Million Securities Fraud Scheme
MIAMI – Carl R. Ruderman, 82, former chairman of 1 Global Capital LLC (“1 Global”) pled guilty yesterday to a $250 million securities fraud scheme. Four of Ruderman’s co-conspirators have already pleaded…
California Attorney Sentenced for Selling Unregistered Securities
BOSTON – A California attorney was sentenced today in federal court in Boston in connection with the illegal sale of over $1.3 million worth of unregistered shares of a Massachusetts-based health care…
New Jersey broker facing 20 years for securities fraud
NEWARK, NJ – Christopher Matthaei, a former partner at a New Jersey broker-dealer firm, was arrested yesterday and charged with securities fraud conspiracy and securities fraud for engaging in an insider trading…
U.S. Promoter of Foreign Cryptocurrency Companies Sentenced to 60 Months in Prison for His Role in Multi-Million Dollar Securities Fraud Scheme
BROOKLYN, NY – Earlier today, in federal court in Brooklyn, John DeMarr was sentenced by United States District Judge LaShann DeArcy Hall to 60 months in prison for his participation in a…
Monmouth County Man Sentenced to 63 Months in Prison for $2.8 Million Securities Fraud Scheme
NEWARK, N.J. – A Monmouth County, New Jersey, man was sentenced to 63 months in prison for committing securities fraud to obtain over $2.8 million from victim investors, U.S. Attorney Philip R.…
Red Bank investment advisor sentenced to 33 months in prison for securities fraud
RED BANK, NJ – A former Red Bank based investment advisor is heading to federal prison for defrauding his clients. According to U.S. Attorney Philip R. Sellinger, a man from Monmouth County,…
Two Biotech Company Presidents Indicted in Maryland for Securities Fraud Schemes
Baltimore, Maryland – A federal grand jury has returned an indictment charging Nader Pourhassan, age 59 of Lake Oswego, Oregon, and Kazem Kazempour, age 69, of Potomac Maryland, for their roles in…
Eight men indicted for $114 million securities fraud scheme orchestrated through social media
HOUSTON – A federal grand jury in the Southern District of Texas returned an indictment that was unsealed yesterday charging eight men with conspiracy to commit securities fraud for a long-running, social…
Four Defendants Indicted for Securities Fraud, Conducting International Pump-and-Dump Scheme, and Money Laundering
Assistant U. S. Attorneys Owen Roth and Aaron P. Arnzen NEWS RELEASE SUMMARY – November 22, 2022 SAN DIEGO – Canadian resident David Stephens and California residents Donald Danks, Jonathan Destler, and…
Founder And Former Chief Investment Officer Of Infinity Q Pleads Guilty To Securities Fraud
Damian Williams, the United States Attorney for the Southern District of New York, announced that JAMES VELISSARIS, the founder and former chief investment officer of Infinity Q Capital Management (“Infinity Q”), a…
Jury Convicts Former Oregon Securities Broker of Tax Evasion
PORTLAND, Ore.—After a two-week trial, a federal jury in Portland found a McMinnville, Oregon man guilty today of evading $2.5 million in income taxes by hiding his income in multiple bank accounts…
SEC Launches Investigation Into Billionaire Dem Donor For Potential Violations Of Securities Rules: REPORT
SEC Launches Investigation Into Billionaire Dem Donor For Potential Violations Of Securities Rules: REPORT John Hugh DeMastri on November 10, 2022 Sam Bankman-Fried, cryptocurrency billionaire and major donor to Democratic causes, is…
Florida Man Sentenced to 45 Months in Prison for Laundering Funds Related to $50 Million Wire and Securities Fraud Scheme
NEWARK, N.J. – A Florida man was sentenced to 45 months in prison for laundering funds obtained from a $50 million internet-enabled fraud scheme, U.S. Attorney Philip R. Sellinger announced today. Denis…
Former Securities Brokers Sentenced to Federal Prison Terms for Perpetrating Securities Fraud Scheme
MIAMI – A South Florida federal judge has ordered prison sentences for two former securities brokers who defrauded investors out of $1.5 million by — among other things — lying about stock…
Arcadia Man Charged with Securities Fraud for Stealing Client Funds and Concealing His Investment Firm’s Massive Financial Losses
LOS ANGELES – A former San Gabriel Valley resident who ran Los Angeles County-based investment companies and was a frequent guest on financial television news programs was charged today in a…
Manhattan Real Estate Fund Manager Sentenced To Prison For Securities Fraud
Damian Williams, the United States Attorney for the Southern District of New York, announced that JOSHUA BURRELL was sentenced today to 48 months in prison for committing securities fraud in connection with…
Oakland Investment Advisor Charged With Securities Fraud
OAKLAND – John Mendes, a registered investment advisor, was charged in a federal information filed today with securities fraud for trading upon non-public inside information, announced United States Attorney Stephanie M. Hinds…
