Tag: Ponzi scheme

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 …

Fourteen Charged For Ignoring Red Flags Suggesting Fund Was A Fraud Read More »

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Lawyers are often viewed as the gatekeepers because of their position in corporate transactions. In two cases brought this week unfortunately the lawyers were more than gatekeepers, they were at the center of the wrongful conduct. One is SEC v. …

A TALE OF TWO LAYWERS Read More »

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