Year: 2014

The CEO and CFO of a successful senior living firm sought to expand the business by acquiring the operations of another firm and leasing its facilities. Despite warnings that the lease terms were far to onerous, the deal was concluded. …

How Falsifying Compliance With A Lease Became Securities Fraud Read More »

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The SEC filed a fraud action based on the misappropriation of shares of a private firm held by investors through an LLC. The shares were then resold and reissued to other investors. SEC v. Kumar, Civil Action No. 23145 (N.D. …

SEC Files Action Based on Misappropriation of Pre-IPO Shares Read More »