The Securities and Exchange Commission announced it has filed charges against a cannabis cultivation and distribution company accused of defrauding investors. American Patriot Brands Inc. (APB), its CEO Robert Y. Lee and five other entities and individuals were named...
Representing financial professionals, financial institutions and investors in investment loss, employment and disclosure matters, and in regulatory investigations nationwide.
Investment Loss
Ozy Media and company executives charged with defrauding investors
A media and entertainment company and some of its senior executives have been charged with fraud, the Securities and Exchange Commission announced. The SEC filed a complaint in federal court for the Eastern District of New York against Ozy Media Inc., its CEO Carlos...
Ex-compliance officer sentenced to prison for stealing from NY firm and its clients
Federal prosecutors announced that a New York woman was sentenced to prison for stealing from an investment firm and its clients, Financial Advisor reports. 48-year-old Jennifer Campbell of Niagara Falls was sentenced to serve 36 months behind bars and was also...
Former Texas CEO accused of diverting millions from firm for personal benefit
A Texas executive was charged with defrauding investors and using some of the proceeds for his own personal benefit, Insurance News Net reports. 35-year-old Christopher Kirchner of Westlake was the co-founder and CEO of Slync Inc., a supply-chain management software...
SEC charges man in scheme to spread false rumors about public companies
The Securities and Exchange Commission announced that a Georgia man has been charged with being part of an illicit trading scheme that involved spreading false rumors about public companies. The defendant was identified as Milan Vinod Patel of Cumming, Georgia, the...