Category: SECActions

SEC Offering Fraud: A Multi- Year, Multi-Faceted Ponzi Scheme

While there is no doubt that microcap fraud is a key focus of SEC Enforcement, another staple of the Division is offering fraud and Ponzi scheme actions. Typically, those actions reach out to small investors who are often friends of

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SEC Files Another Years Old Microcap Fraud Action

The SEC’s focus on years old microcap fraud continues. On Friday the agency filed a years old microcap fraud manipulation action against a band of defendants who were largely recidivists. There the public had been bilked out of over $11

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