Category Archives: Insider Trading
Charter Communications to Pay $25 Million Penalty for Stock Buyback Controls Violations
(HedgeCo.Net) The Securities and Exchange Commission has announced settled charges against Charter Communications Inc. for violating internal accounting controls requirements relating to its stock buybacks. According to the SEC’s order, Charter’s board authorized company personnel to conduct certain buybacks using trading […]
Connecticut Investment Adviser Charged with Stealing Clients’ Money
(HedgeCo.Net) The Securities and Exchange Commission has charged Darien, Connecticut-based investment adviser John A. Masanotti, Jr. and his company, Middlesex Mortgage Group, LLC, with fraud for lying to investors while taking at least $5.9 million from investors from 2016 to […]
SEC Obtains Judgment Against Hedge Fund Trader Related to Hedge Fund Valuation Scheme
(HedgeCo.Net) The U.S. District Court for the Southern District of New York has entered a final consent judgment against Jeremy Shor, a trader for a private fund advised by now-defunct New York-based investment adviser Premium Point Investments LP, permanently enjoining […]
President/CCO of Prophecy Asset Management Advisory Firm Charged with Multi-Year Fraud
(HedgeCo.Net) The Securities and Exchange Commission has charged John Hughes, president and chief compliance officer of registered investment adviser Prophecy Asset Management LP, for his alleged involvement in a multi-year fraud that concealed losses of hundreds of millions of dollars […]
Crypto Company and its Executive Team Charged with Fraud and Unregistered Offering of Crypto Securities
(HedgeCo.Net) The Securities and Exchange Commission has charged SafeMoon LLC, its creator Kyle Nagy, SafeMoon US LLC, and the companies’ Chief Executive Officer, John Karony, and Chief Technology Officer, Thomas Smith, for perpetrating a massive fraudulent scheme through the unregistered […]
Four Long Island Men Charged with Perpetrating $2 Million “Free-Riding” Scheme
(HedgeCo.Net) The Securities and Exchange Commission has announced fraud charges against Eduardo Hernandez, Christopher Flagg, Daquan Lloyd, and Corey Ortiz, all currently or formerly of Long Island, New York, for perpetrating a multi-year “free-riding” scheme that generated more than $2 […]
SEC Freezing Assets of Investment Adviser Charged with Defrauding Elderly Clients
(HedgeCo.Net) The Securities and Exchange Commission has filed charges and obtained a consented-to asset freeze against a Santa Maria, California-based investment adviser, who allegedly defrauded her victim clients of over $2 million. According to the SEC’s complaint, Julie Anne Darrah […]
CFTC Charges Former Chief Executive Officer of Digital Asset Platform with Fraud in Massive Commodity Pool 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 against Tennessee resident Stephen Ehrlich, the former chief executive officer of now-bankrupt entities Voyager Digital Ltd., Voyager Digital […]
SEC Obtains Judgment Against CEO for Unregistered Crypto Asset Securities Offering
(HedgeCo.Net) Judge Charles R. Breyer of the United States District Court for the Northern District of California has entered default judgment against Thor Technologies, Inc. and its CEO and co-founder David Chin for conducting a $2.6 million unregistered offering of […]
SEC Obtains Emergency Relief To Halt Alleged $130 Million Fraud
(HedgeCo.Net) The Securities and Exchange Commission has obtained a temporary restraining order, asset freeze, and other emergency relief to halt an ongoing fraud targeting the Indian American community that has raised nearly $130 million since April 2021. The fraud is […]
CFTC Awards Whistleblower Over $18 Million
(HedgeCo.Net) The Commodity Futures Trading Commission has awarded over $18 million to a whistleblower who provided detailed information and assistance in a CFTC enforcement action and in a related action by another agency. The whistleblower provided assistance to the Division […]
CFTC Charges Former CEO of Digital Asset Platform with Fraud
(HedgeCo.Net) The Commodity Futures Trading Commision has filed a complaint in the U.S. District Court for the Southern District of New York against Tennessee resident Stephen Ehrlich, the former chief executive officer of now-bankrupt entities Voyager Digital Ltd., Voyager Digital […]
