The U.S. Department of Justice announced that a California woman has pleaded guilty in connection with an investment fraud scheme, reports InsuranceNewsNet. 57-year-old Sharief Deona McDowell of Loma Linda entered the plea last week to one count of wire fraud....
Representing financial professionals, financial institutions and investors in investment loss, employment and disclosure matters, and in regulatory investigations nationwide.
Month: December 2022
8 social media influencers charged with using platforms to manipulate stocks
Eight social media influencers have been charged with trying to manipulate stocks through the use of their platforms, the Securities and Exchange Commission announced. The SEC said the $100 million securities fraud scheme had been carried out since at least January...
Wisconsin real estate investor charged with scheme to defraud banks
Federal prosecutors have announced fraud charges against a Wisconsin real estate investor, reports InsuranceNewsNet. 31-year-old Matthew Thomas Onofrio allegedly orchestrated a scheme to defraud multiple federally-insured banks, including MidCountry Bank in Minnesota....
SEC charges venture capital firm and its CEO with fraudulent selling of securities
A venture capital firm and its CEO and co-founder have been charged with defrauding dozens of investors, the Securities and Exchange Commission announced. In a complaint filed in United States District Court in Georgia, the SEC alleged that 29-year-old George Iakovou...
FINRA fines 4 Advisor Group firms over failures in disclosing information to investors
Four Advisor-Group broker-dealers have been penalized by regulators for not disclosing certain information to investors, according to a report by Financial Advisor. The Financial Industry Regulatory Authority announced the sanctions against FSC Securities, Royal...
