Category Archives: HedgeCo News
Co-Founders of San Francisco Biotech Company Charged With $60 Million Fraud
(HedgeCo.Net) The Securities and Exchange Commission today charged Jessica Richman and Zachary Apte, co-founders of uBiome Inc., a San Francisco-based private medical testing company, with defrauding investors out of $60 million by falsely portraying uBiome as a successful start-up with a […]
SEC Halts Alleged Ongoing Offering Fraud Involving Digital Asset Trading Fund
(HedgeCo.Net) The Securities and Exchange Commission has announced that it filed an emergency action and obtained a temporary restraining order and asset freeze against Shawn C. Cutting of Sandpoint, Idaho, for allegedly raising millions of dollars from hundreds of investors […]
SEC Obtains Emergency Asset Freeze, Charges California Trader with Posting False Stock Tweets
(HedgeCo.Net) The Securities and Exchange Commission today announced fraud charges and an asset freeze and other emergency relief against an Irvine, California-based trader who used social media to spread false information about a defunct company, while secretly profiting by selling […]
Texas Investment Adviser and Two Executives Charged in Connection with $17 Million Fraud
(HedgeCo.Net) The Securities and Exchange Commission has charged Texas-based investment adviser APEG Energy, GP (APEG) and its owners, Patrick E. Duke and Paul W. Haarman, with fraudulently raising more than $17 million for an oil-and-gas investment fund they managed, and […]
CFTC Charges Computer Programmer John McAfee In Multi-Million Dollar Digital Asset Pump-and-Dump Scheme
(HedgeCo.Net) The Commodity Futures Trading Commission has filed a complaint in the U.S. District Court for the Southern District of New York charging businessman and computer programmer John McAfee, previously of Tennessee, and his former employee Jimmy Gale Watson, previously […]
Unregistered Investment Adviser Charged with Defrauding Investors in Decade-Long Scheme
(HedgeCo.Net) The Securities and Exchange Commission has charged George Heckler, of Charleston, South Carolina, for operating a decade-long investment adviser fraud through two private hedge funds, Cassatt Short Term Trading Fund LP (Cassatt) and CV Special Opportunity Fund LP (CV […]
Utah Resident Charged With Defrauding Investors
(HedgeCo.Net) The Securities and Exchange Commission has charged Craig C. Garrick, Jr. of Alpine, Utah, with defrauding investors by misappropriating their funds. According to the SEC’s complaint, Garrick induced investors to invest at least $450,000 in a company Garrick partially […]
AT&T and Three Executives Charged with Selectively Providing Information to Wall Street Analysts
(HedgeCo.Net) The Securities and Exchange Commission has charged AT&T, Inc. with repeatedly violating Regulation FD, and three of its Investor Relations executives with aiding and abetting AT&T’s violations, by selectively disclosing material nonpublic information to research analysts. According to the […]
Investment Adviser Charged with Failing to Disclose Conflicts
(HedgeCo.Net) The U.S. District Court for the District of Massachusetts has entered a final consent judgment against Bolton Securities Corporation, d/b/a Bolton Global Asset Management, in connection with the SEC’s allegations that Bolton Securities failed to disclose material conflicts of […]
SEC Charges Seven Individuals for $45 Million Fraudulent Scheme
(HedgeCo.Net) The Securities and Exchange Commission has charged seven individuals and a technology company in connection with a fraudulent scheme to gain control of Airborne Wireless Network, promote its stock, and defraud investors. According to the SEC’s complaint, Kalistratos “Kelly” […]
Final Judgment Entered Against CEO for Fraudulent Press Release and Kickback Scheme
(HedgeCo.Net) The United States District Court for the Eastern District of New York has entered a final consent judgment against Michael J. Starkweather, the former CEO of Andiamo Corporation, a publicly traded microcap company. The SEC’s complaint, filed on September […]
SEC Suspends Trading in Multiple Issuers Based on Social Media and Trading Activity
(HedgeCo.Net) As part of its continuing effort to respond to potential attempts to exploit investors during the recent market volatility, the Securities and Exchange Commission has suspended trading in the securities of 15 companies because of questionable trading and social […]