April 2013 – SEC ACTIONS

Month: April 2013

The “No Knowledge” Defense In A Criminal Securities Fraud Case

Posted on April 30, 2013 by T. Gorman Posted in SECActions

The operator of a Ponzi sheme failed in his effort to avoid jail using the “no knowledge” defense of Exchange Act Section 32(a).

Tagged with: criminal securities cases, no knowledge defense, Ponzi scheme, secactions

SEC Charges City and its Underwriter With Fraud

Posted on April 29, 2013 by T. Gorman Posted in SECActions

SEC Charges a City, its development authority and underwriter with fraud in connection with bond offerings

Tagged with: fraud, municipal bonds, secactions