Category Archives: HedgeCo News
Texan Charged with Defrauding Investors out of $17-Million
(HedgeCo.Net) The Securities and Exchange Commission has charged a North Texas resident with defrauding more than 50 investors out of more than $17 million dollars. The SEC’s complaint alleges that Richard Randall and his recently deceased associate engaged in a […]
Under Armour Inc. Charged With Disclosure Failures
(HedgeCo.Net) The Securities and Exchange Commission has charged sports apparel manufacturer Under Armour Inc. with misleading investors as to the bases of its revenue growth and failing to disclose known uncertainties concerning its future revenue prospects. Under Armour has agreed to […]
Consultant and Board Member Charged with Insider Trading.
(HedgeCo.Net) The U.S. District Court for the District of Massachusetts has Entered a Partial Judgment in a Previously-Filed SEC Case Charging Oregon Resident Mark Ahn with Engaging in Insider Trading in the Securities of a Massachusetts-Based Pharmaceutical Company, Dimension Therapeutics, […]
Online Tutoring Company and Its CEO Charged with Fraud
(Hedgeco.Net) The Securities and Exchange Commission today charged Students of Strength, Inc., which operated in Massachusetts and Texas, and its CEO, Rahsaan King, with raising money by making false and misleading statements to investors. King and his company have offered […]
Previously-Barred Broker Charged with Defrauding Investors in a Pre-IPO Investment Scheme
(HedgeCo.Net) According to the SEC’s complaint, in the summer of 2019, Peter R. Quartararo of Hicksville, New York, a former broker who had previously been barred by FINRA, began soliciting investors to invest through him in shares of several “unicorn” […]
Florida Company and CEO Charged with Operating a Ponzi Scheme
(HedgeCo.Net) The Securities and Exchange Commission has announced that it filed an emergency action and obtained a temporary restraining order and an asset freeze to stop an alleged Ponzi scheme and misappropriation of investor proceeds perpetrated by Melbourne, Florida resident […]
Fund Manager and Former Race Car Team Owner Charged with Multimillion Dollar Fraud
(HedgeCo.Net) The Securities and Exchange Commission charged Andrew T. Franzone, former owner of a race car team, and investment adviser FF Fund Management, LLC (“FFM”) with fraudulently raising and misappropriating tens of millions of dollars from the sale of limited […]
Final Judgement Against Connecticut Investment Adviser Who Misappropriated Funds from Clients
(HedgeCo.Net) The Securities and Exchange Commission has announced the entry of a final judgment against former Connecticut investment adviser Lester Burroughs. The SEC’s complaint, filed on December 4, 2019, alleged that Burroughs engaged in a scheme to defraud retail investors […]
Trading Platform and Two Top Controlling Executives Charged with $100 Million Fraud.
(HedgeCo.Net) The Securities and Exchange Commission charged Israeli-based Spot Tech House, Ltd., formerly known as Spot Option, Ltd., and two of its former top executives, Malhaz Pinhas Patarkazishvili (also known as Pini Peter) and Ran Amiran, with deceiving U.S. investors […]
SEC Obtains Final Judgment Against Fraud Guarantee Co-Founder for Engaging in Fraudulent Securities Offering
(HedgeCo.Net) The U.S. District Court for the Southern District of New York has entered a final consent judgment against Florida resident David Correia for his role in participating in an offering fraud that raised millions of dollars from investors. According […]
SEC Charges IIG Co-Founder Martin Silver With Fraud
(HedgeCo.Net) The Securities and Exchange Commission today announced partially settled charges against Martin Silver of Long Branch, New Jersey, in connection with a fraudulent scheme to overvalue assets held in a hedge fund offered by his investment advisory firm, International […]
SEC Wins Judgment Against Former Georgia Legislator Charged with Fraud
(HedgeCo.Net) The United States District Court for the Northern District of Georgia has entered final judgment on the SEC’s fraud claims against former Georgia state legislator Clarence Dean Alford. The SEC’s complaint alleged that from 2017 to 2019, Alford, who […]