Category Archives: HedgeCo News
SEC Obtains Asset Freeze Against Offshore Fund and Its Operators
(HedgeCo.Net) The Securities and Exchange Commission has filed an emergency action charging an offshore fund and two individuals with engaging in a fraudulent scheme, and obtained an asset freeze to safeguard remaining investor funds at risk of immediate dissipation. The […]
SEC Charges Additional Defendants in $30 Million ICO Fraud
(HedgeCo.Net) The Securities and Exchange Commission charged three additional individuals for their roles in the $30 million initial coin offering (“ICO”) fraud that was spearheaded by convicted criminal Boaz Manor and his associate, Edith Pardo. The SEC previously charged Manor, […]
SEC Charges Investment Advisers With Cherry-Picking, Obtains Asset Freeze
(HedgeCo.Net) The Securities and Exchange Commission today announced that it has obtained an asset freeze and other emergency relief, and filed fraud charges, against a Miami-based investment professional and two investment firms for engaging in an alleged “cherry-picking” scheme in […]
SEC Unveils List of Firms Using Inaccurate Information to Solicit Investors
(HedgeCo.Net) The Securities and Exchange Commission has announced it’s updated list of unregistered entities that use misleading information to solicit primarily non-U.S. investors, adding 55 soliciting entities, four (4) impersonators of genuine firms, and five (5) bogus regulators. The SEC’s […]
Fraudster Sentenced to More Than Five Years in Criminal Case
(HedgeCo.Net) Edward E. Matthes, who was charged by the SEC in January 2020 with defrauding his mostly elderly retail brokerage customers and investment advisory clients, has been sentenced in a parallel criminal case to 63 months in prison and ordered […]
Court Enters Partial Judgment Against Investment Adviser Charged with Stealing Client Funds
(HedgeCo.Net) The United States District Court for the District of Connecticut entered a partial judgment against Matthew O. Clason on June 3, 2021 in a previously-filed SEC case that charged Clason, a Connecticut-based investment adviser, with stealing hundreds of thousands […]
SEC Charges Couple With Insider Trading on Confidential Clinical Trial Data
(HedgeCo.Net) The Securities and Exchange Commission has charged a New York-based couple with insider trading in the stock of the pharmaceutical company where one of them worked as a clinical trial project manager. The defendants have agreed to pay more than […]
SEC Charges Portfolio Manager with Using Forged Document to Offer Securities to Investor
(HedgeCo.Net) The Securities and Exchange Commission today charged Thomas Nicholas Salzano, of Secaucus, New Jersey, with using a sham loan document containing a forged signature in a fraudulent attempt to entice a $150,000 investment in a real estate joint venture […]
Federal Court Orders Florida Man to Pay More than $500,000 for Attempting to Fraudulently Profit From COVID-19
(HedgeCo.Net) The Commodity Futures Trading Commission has announced that the U.S. District Court for the Western District of Texas entered an order granting the CFTC’s motion for default judgment against defendant James Frederick Walsh of Boca Raton, Florida. The order finds […]
SEC Obtains Final Judgments Against Two Former Officers in Accounting Fraud
(Hedgeco.Net) The United States District Court for the District of Minnesota has entered final consent judgments against two former executives of Digiliti Money Group, Inc., a now-defunct financial technology firm. The SEC’s complaint, filed on April 3, 2019, alleged that, between […]
Investment Adviser Charged with Defrauding Clients out of $2.9 Million
(HedgeCo.Net) The Securities and Exchange Commission has charged Massachusetts-based investment adviser James K. Couture with defrauding his advisory clients, including by misappropriating approximately $2.9 million from them. The SEC’s complaint, filed in federal court in Massachusetts, alleges that from approximately […]
SEC Charges U.S. Promoters of $2 Billion Global Crypto Lending Securities Offering
(Hedgeco.Net) The Securities and Exchange Commission has announced that it has filed an action against five individuals alleging that they promoted a global unregistered digital asset securities offering that raised over $2 billion from retail investors. According to the SEC’s […]