Year: 2012

The Commission brought an action naming fourteen individuals as defendants who sold interests in a massive Ponzi scheme. The complaint centers on claims that they ignored red flags indicating that the fund was a fraud. SEC v. Arias, CV 12-2937 …

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Two executives were in court in recent days on criminal charges. One in Manhattan and one in San Francisco. Each had defrauded the shareholders of their companies. One pleaded guilty to a multimillion accounting fraud. He is awaiting sentencing. The …

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