Category Archives: HedgeCo News
SEC Files Fraud and Other Charges in Connection with a Fraudulent Investment Adviser and Private Fund Enterprise
(HedgeCo.Net) The Securities and Exchange Commission has charged Stephen Scott Moleski (a/k/a Steve Scott) and David Michael with fraud in connection with an investment adviser and private fund enterprise they operated. The SEC also charged Moleski, Michael, and their agent, […]
Investment Adviser Charged With Defrauding 17,000 Retail Investors in alleged $1.7-Billion Ponzi-like scheme.
(HedgeCo.Net) The Securities and Exchange Commission today charged three individuals and their affiliated entities with running a Ponzi-like scheme that raised over $1.7 billion from securities issued by a New York-based asset management firm and registered investment adviser, GPB Capital. […]
SEC Charges Former Executives of San Francisco Bay Area Company With Accounting Violations
(HedgeCo.Net) The Securities and Exchange Commission today charged Joseph Jackson and Colm Callan, respectively the former CEO and CFO of WageWorks Inc. with making false and misleading statements and omissions, including to the company’s auditors, that resulted in the company’s improper recognition […]
SEC Charges Three Individuals in Digital Asset Frauds
(HedgeCo.Net) The Securities and Exchange Commission has charged three individuals with defrauding hundreds of retail investors out of more than $11 million through two fraudulent and unregistered digital asset securities offerings. According to the SEC’s complaint, filed in U.S. District […]
SEC Charges Detroit Manager with Fraud for Using Investor Funds to Play Michigan State Lottery
(HedgeCo.Net) The Securities and Exchange Commission has charged Detroit-area businessperson Viktor Gjonaj for allegedly defrauding members of the Albanian-American community out of approximately $26.4 million, some of which he spent playing the Michigan State Lottery. According to the SEC’s complaint, […]
SEC Charges Vuuzle Media Corp. and Affiliated Individuals in Connection With $14 Million Offering Fraud
(HedgeCo.Net) The Securities and Exchange Commission has charged Vuuzle Media Corporation, a purported online live streaming and entertainment company, and its founder Ronald Shane Flynn (a.k.a. Ronnie Shane) with fraudulently offering over $14 million in securities to investors across the […]
CFTC Charges New York Man in Multi-Million Dollar Digital Asset Ponzi Scheme Involving Bitcoin and Ether
(HedgeCo.Net) The Commodity Futures Trading Commission has filed a federal civil enforcement action in the U.S. District Court for the Southern District of New York charging Jeremy Spence of New York, with fraud for operating a Ponzi scheme involving digital assets such as […]
Former Investment Adviser Charged for Repeatedly Defrauding and Breaching His Fiduciary Duty to Advisory Clients.
(HedgeCo.Net) The Securities and Exchange Commission has announced charges against Jacob C. Glick of Scottsdale, Arizona, a former investment adviser representative associated with Advanced Practice Advisors, LLC (APA), for repeatedly defrauding and breaching his fiduciary duty to advisory clients. The […]
SEC Obtains Final Judgment Against Recidivist
(HedgeCo.Net) The Securities and Exchange Commission has announced that recidivist securities law violator Geoffrey Thompson agreed to a permanent, conduct-based injunction and to pay more than $540,000 to settle the SEC’s charges that he conducted illegal securities offerings. The U.S. […]
Former Investment Adviser Charged for Making Unsuitable Investments, Misleading Clients, and Misappropriating Client Funds
(HedgeCo.Net) The Securities and Exchange Commission announced charges against Jacob C. Glick of Scottsdale, Arizona, a former investment adviser representative associated with Advanced Practice Advisors, LLC (APA), for repeatedly defrauding and breaching his fiduciary duty to advisory clients. The SEC’s […]
SEC Charges Father and Son Investment Advisers with Fraud
(HedgeCo.Net) The Securities and Exchange Commission has charged father and son investment advisers, Michael and David Sztrom of Rancho Santa Fe, California, and their company Sztrom Wealth Management, Inc., with defrauding advisory clients by creating the false impression that Michael […]
SEC Awards Nearly $600,000 to Whistleblower
(HedgeCo.Net) The Securities and Exchange Commission has announced an award of nearly $600,000 to a whistleblower whose tip led to the success of an enforcement action. The whistleblower substantially contributed to an open investigation by providing detailed and highly valuable […]