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Category Archives: HedgeCoVest News

Silicon Valley Company will pay a $3 million penalty for Misstating Returns to investors.

(HedgeCo.Net) The Securities and Exchange Commission has announced that Prosper Funding LLC will pay a $3 million penalty for miscalculating and materially overstating annualized net returns to retail and other investors. San Francisco-based Prosper is a marketplace lender that, through […]

Former Financial Manager of Phoenix Company Charged With Insider Trading

(HedgeCo.Net) A complaint, filed in the United States District Court for the District of Arizona, alleges that Quentin Louis Wilcox, of Gilbert, Arizona, sold Avnet stock short and bought Avnet put options shortly before the company’s April 27, 2017 press […]

Former Seaworld Associate General Counsel Charged with Insider Trading

(HedgeCo.Net) A former senior lawyer at SeaWorld Entertainment Inc. (Sea World) has been charged with insider trading based on nonpublic information that the company’s revenue would be better than anticipated for the second quarter of 2018. The SEC alleges that […]

New Jersey Investment Adviser Charged with Securities Fraud

(HedgeCo.Net) The Securities and Exchange Commission filed a civil injunctive action, charging a New Jersey resident with defrauding an investor by lying about his trading success, concealing trading losses, and misappropriating funds. The SEC’s complaint, filed in federal court in […]

Former Woodbridge Directors of Investment Charged With Fraud

(HedgeCo.Net) The Securities and Exchange Commission today charged two former directors of investments at Woodbridge Group of Companies LLC for their roles in its massive Ponzi scheme. The defendants, California-based Ivan Acevedo and Dane R. Roseman, were separately arrested and […]

Former SeaWorld Lawyer Charged With Insider Trading

(HedgeCo.Net) A former senior lawyer at SeaWorld Entertainment Inc. has been charged with insider trading based on nonpublic information that the company’s revenue would be better than anticipated for the second quarter of 2018. The SEC alleges that Paul B. […]

Insider Trading Charges Filed Against Pharma Company Accountant, Three Others

(HedgeCo.Net) On March 19, 2019, the Securities and Exchange Commission obtained final judgments against a pharmaceutical company accountant and three tippees in an insider trading scheme. The SEC charged Evan R. Kita, Daniel Perez, Richard Yu, and Chiang Yu on […]

SEC Obtains Final Judgment and Bars Investment Adviser for Defrauding Clients

(HedgeCo.Net) The Securities and Exchange Commission has obtained a final judgment against Scott Newsholme, a New Jersey-based tax preparer, who was charged with defrauding his clients after convincing them to give him their money to invest. According to the SEC’s […]

SEC Charges Transportation Company Executives With Accounting Fraud

(HedgeCo.Net) The Securities and Exchange Commission today charged the former CFO and two former employees of a publicly traded transportation company with fraud for manipulating the company’s financial results in order to meet earnings targets and projections. The SEC alleges […]

Maine Resident Charged With Defrauding Over 100-Investors

(HedgeCo.Net) The Securities and Exchange Commission filed an enforcement action on April 4, 2019 in federal court in Portland, Maine, charging Freeport-area concert promoter Jeffrey E. Wall and his business, The Lighthouse Events, LLC, with defrauding over one hundred investors […]

Former CEO of Silicon Valley Startup Charged With Defrauding Investors

(HedgeCo.Net) The Securities and Exchange Commission has charged the founder and former chief executive of a Silicon Valley startup with defrauding investors in Jumio Inc., a private mobile payments company. The former CEO, Daniel Mattes, agreed to pay more than […]

SEC Charges Transportation Company Executives With Accounting Fraud

(HedgeCo.Net) The Securities and Exchange Commission has charged the former CFO and two former employees of a publicly traded transportation company with fraud for manipulating the company’s financial results in order to meet earnings targets and projections. The SEC alleges […]

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