CONFRAUD

SEC enforcement

White-Collar Crime

James Nathan Grimes' $550,710 Pay Telephone Fraud Scheme

James Nathan Grimes and Dennis Watts were charged by the SEC for fraudulent pay telephone scams, resulting in $550,710 in penalties and permanent injunctions.

Catherine Bell White-Collar Crime

Robert A. Kasirer's $4.9M Municipal Bond Fraud Scheme

Robert A. Kasirer was permanently enjoined and ordered to pay over $4.9 million for orchestrating municipal revenue bond offering fraud in violation of securities laws.

Daniel Reeves White-Collar Crime

Gary B. Taffet's $402,739 Insider Trading Penalty

Former New Jersey political figure Gary B. Taffet settled SEC insider trading charges, paying $402,739 in disgorgement, interest, and civil penalties.

Victoria Chase White-Collar Crime

Aaron B. Fletcher's $200K Municipal Bond Fraud and Violations

Aaron B. Fletcher and Twin Spires Financial LLC penalized $200,000 for fraudulent municipal bond offerings and failure to register as a municipal advisor.

Victoria Chase White-Collar Crime

Garfield M. Taylor's $27.9M Ponzi Scheme and Securities Fraud

Garfield M. Taylor and Jeffrey A. King orchestrated a multi-million dollar Ponzi scheme through Garfield Taylor, Inc., resulting in $27.9M in penalties.

Catherine Bell White-Collar Crime

Claude W. Savage's $1.4M Securities Fraud and Pyramid Scheme

Claude W. Savage was involved in International Heritage, Inc.'s pyramid scheme that defrauded investors, resulting in a $1.4M penalty for securities violations.

Daniel Reeves White-Collar Crime

Dennis Herula's $40M Fraudulent Investment Scheme

Former broker Dennis Herula was arrested by the SEC for orchestrating a $40 million fraudulent investment scheme, with criminal charges filed in Colorado.

Victoria Chase White-Collar Crime

David B. Lobel's $600K Securities Fraud in AppleTree Offering

David B. Lobel, former officer of The AppleTree Companies, faced SEC action for material misrepresentations in 1992 securities offering, resulting in $600K penalty.

Victoria Chase White-Collar Crime

Victor L. Ziller's $125,000 Securities Fraud Penalty

Victor L. Ziller faced securities fraud charges in the Platforms Wireless International Corp. case, resulting in a $125,000 penalty in California.

Daniel Reeves White-Collar Crime

Pratima Rajan's $648K Insider Trading Scheme

Pratima Rajan was charged in an SEC insider trading case involving Arjun Sekhri and others that generated $1.8 million in illicit profits, settling for $648,201.

Victoria Chase White-Collar Crime

Jerome E. Rosen: $15M Stock Manipulation Scheme, $75K Penalty

Jerome E. Rosen and nine others charged in SEC lawsuit for manipulating Systems of Excellence, Inc. stock, defrauding investors of nearly $15 million.

Victoria Chase White-Collar Crime

David Syre Pays $61K in Metropolitan Mortgage Securities Fraud

David Syre settled SEC charges related to financial reporting fraud at Metropolitan Mortgage & Securities Co., paying $61,508 in penalties and accepting injunctions.

Victoria Chase White-Collar Crime

Roger Kao: $30.8M Syntax-Brillian Insider Trading & Fraud Scheme

Roger Kao (a/k/a Chao Chun Kao) was involved in a $30.8M insider trading and financial fraud scheme at Syntax-Brillian Corporation alongside CEO James Li.

Victoria Chase White-Collar Crime

Robert S. Agriogianis: $2.8M Chinese Reverse Merger Stock Fraud

Robert S. Agriogianis was involved in a Chinese reverse merger scheme that manipulated stock trading, resulting in $2.8M in penalties and settlements.

Victoria Chase White-Collar Crime

Walter Ng & Associates: $5.2M SEC Settlement for Mortgage Fund Fraud

Walter Ng, Kelly Ng, and Bruce Horwitz settled SEC fraud charges for misusing Mortgage Fund '08 LLC assets, resulting in $5.2M in penalties and industry bans.

Victoria Chase White-Collar Crime

Artur Khachatryan Settles SEC Spoofing Charges for $373,885

Artur Khachatryan settled SEC charges for conducting a manipulative spoofing scheme in securities trading, paying $373,885 in disgorgement and penalties.

Victoria Chase White-Collar Crime

David Plate: Schottenfeld Group Pays $1.2M in Insider Trading Case

David Plate and Schottenfeld Group LLC settled SEC insider trading charges for $1.2 million, including disgorgement, interest, and civil penalties.

Victoria Chase White-Collar Crime

Thomas F. Goodman's $7.4M Fraudulent Securities Offering

Thomas F. Goodman and co-defendants were found liable for $7.4M in a fraudulent securities offering involving false promises of extraordinary returns.

Victoria Chase White-Collar Crime

Yao Lin's $220M International Pyramid Scheme Fraud

Yao Lin and CKB168 Holdings Ltd. were ordered to pay over $220 million in a final judgment for operating an international pyramid scheme targeting investors.

Victoria Chase White-Collar Crime

Ryan Petersen OCZ Technology $130K SEC Accounting Fraud Case

Ryan Petersen, former OCZ Technology executive, faced SEC charges for accounting fraud and disclosure failures, resulting in a $130,000 penalty and ongoing litigation.

Victoria Chase Corruption

Warren J. Soloski: $386K Penalty in Pay Pop Bribery Scheme

Warren J. Soloski involved in SEC case concerning fraudulent bribery scheme and false statements to distribute Pay Pop, Inc. shares. Penalty: $386,997.

Victoria Chase White-Collar Crime

Edward O'Donnell Pays $225K for Pareteum Revenue Recognition Fraud

Edward O'Donnell and Victor Bozzo, former Pareteum executives, faced SEC enforcement resulting in $225,000 in penalties for orchestrating a revenue recognition scheme.

Victoria Chase Ponzi Schemes

Stafford Y.L. Mew's $10M Prime-Bank Fraud Scheme

Stafford Y.L. Mew and four co-defendants sentenced in Western District of Washington for $10 million prime-bank fraud scheme involving wire fraud and money laundering.

Daniel Reeves White-Collar Crime

Steven Brewer's $5.2M World Vision Entertainment Ponzi Scheme

Steven Brewer was permanently enjoined in the World Vision Entertainment Ponzi scheme case, with SEC ordering $5.2M in disgorgement and penalties.

Victoria Chase White-Collar Crime

John K. Bradley: $75K Penalty in Physician Computer Network Fraud

John K. Bradley settled SEC accounting fraud charges related to Physician Computer Network, Inc., agreeing to a $75,000 penalty and permanent injunction.

Victoria Chase White-Collar Crime

Kevyn Rakowski: $70K Penalty for Wilmington Trust Loan Fraud

Kevyn Rakowski, former Wilmington Trust officer, paid $70,367 for fraudulently excluding past due real estate loans from financial reports in Delaware.

Victoria Chase White-Collar Crime

Hung Chin: $4.1M Penalty for Hacked Insider Trading Scheme

Hung Chin received a $4.1M penalty for fraudulently trading on hacked nonpublic information from New York law firms, generating nearly $3M in illegal profits.

Victoria Chase White-Collar Crime

Jerome L. Wilson: $300K Penalty in CT Pension Fund Fraud Scheme

Jerome L. Wilson paid $300,667 to settle SEC charges in a Connecticut state pension fund investment fraud scheme orchestrated by former state Treasurer Paul J. Silvester.

Victoria Chase White-Collar Crime

James S. Eberhart: $2.3M Unregistered Securities Fraud at Debisys

James S. Eberhart fraudulently sold $2.3 million in unregistered securities through Debisys, Inc., resulting in SEC permanent injunction and $76,102 penalty.

Victoria Chase White-Collar Crime

Owen R. Fox Faces $7.9M Contempt Motion for Securities Fraud

Owen R. Fox and Bruce Franklin face SEC civil contempt motion for failing to pay $7.9M in disgorgement after securities law violations involving fraud.

Victoria Chase Ponzi Schemes

Robert R. Parrish's $212K ATM Investment Ponzi Scheme Fraud

Robert R. Parrish and co-conspirators operated a Ponzi scheme involving fraudulent ATM investment contracts and unregistered securities, resulting in $212,077 penalty.

Daniel Reeves White-Collar Crime

Russell Kersh's $500,000 Accounting Fraud Penalty at Sunbeam

Russell Kersh, former Sunbeam Corporation executive, paid $500,000 and received a permanent ban from serving as officer or director for accounting fraud.

Victoria Chase White-Collar Crime

Barry Liss: $464K Penalty in Oil Well Offering Fraud Scheme

Barry Liss and Carol J. Wayland faced SEC action for oil well offering fraud involving unregistered securities and investor fund misappropriation totaling $464,665.

Victoria Chase White-Collar Crime

Robert Walton, Jr. Pays $1M+ for Securities Fraud at Hadsell

Robert Walton, Jr., former President of Hadsell Chemical Processing, LLC, ordered to pay over $1 million for misrepresenting facts to investors and failing to register securities.

Victoria Chase White-Collar Crime

Mark Alan Lisser: $961K Penalty for Boiler Room Securities Fraud

Mark Alan Lisser was permanently enjoined and ordered to pay $961,440 for operating a boiler room scheme through Knightsbridge Capital Partners.

Victoria Chase White-Collar Crime

Farhang Afsarpour's $386K Insider Trading Penalty

Farhang Afsarpour received a $386,671 penalty in an SEC insider trading case alongside Sasan Sabrdaran, who also faced an officer and director bar.

Victoria Chase White-Collar Crime

Louis Peter Goff's $2.1M Forex Trading Fraud in Utah

Louis Peter Goff and co-conspirators orchestrated a fraudulent high-yield Forex trading program through Utah fund managers, resulting in $2.1M in losses.

Victoria Chase White-Collar Crime

Leslie A. Arouh Faces $110K Penalty for Bond Trading Fraud Scheme

Leslie A. Arouh was ordered to pay a $110,000 civil penalty by the SEC for violating antifraud provisions in connection with an adjusted trading scheme involving corporate bonds.

Victoria Chase White-Collar Crime

Loretta Antrim Ostrich Breeding Fraud: $819K Investment Scheme

Loretta Antrim involved in fraudulent ostrich breeding investment scheme that raised over $819,000 from investors through deceptive investment contracts.

Victoria Chase White-Collar Crime

Steven Craig Lusardi: $900K Insider Trading Scheme at Restoration Hardware

Steven Craig Lusardi, former Restoration Hardware VP, and three associates charged in insider trading scheme generating over $900K in illegal profits.

Victoria Chase White-Collar Crime

Bradley Hamilton's $265,000 Pension Transfer Disclosure Fraud

Bradley Hamilton misled clients about pension transfers and concealed conflicts of interest at Devere USA, Inc., resulting in a $265,000 penalty from the SEC.

Victoria Chase White-Collar Crime

Yatin D. Mody's $3.0M Revenue Recognition & Backdating Fraud

Yatin D. Mody, former Vitesse Semiconductor executive, faced SEC charges for revenue recognition fraud and options backdating schemes totaling $3.0M.

Victoria Chase White-Collar Crime

Stephen Durland: NY CPA Pays $230K in $112M Pump-and-Dump Scheme

Former New York CPA Stephen Durland settled SEC charges for his role in a $112 million pump-and-dump scheme, agreeing to pay $230,464 and accept a penny-stock bar.

Victoria Chase White-Collar Crime

Susann Ashley Cargnino: $17M Medical Device Fraud Scheme

Susann Ashley Cargnino and three others defrauded investors of over $7 million in a Michigan medical device scam, resulting in $17M+ in penalties.

Victoria Chase Ponzi Schemes

Steven Enrico Lopez, Sr.: $1.1M Penalty in Securities Fraud Case

Steven Enrico Lopez, Sr. faced securities fraud charges in the Central District of California, resulting in over $1.1 million in disgorgement and penalties.

Daniel Reeves White-Collar Crime

Brian Fettner's $252K Insider Trading Scheme

Brian Fettner illegally profited over $250,000 by trading G&K Services stock using confidential information obtained from a friend, leading to SEC charges.

Victoria Chase White-Collar Crime

Gerald P. Alexander's $2.4M Unregistered Securities Fraud

Gerald P. Alexander and his companies CJB Consulting and Regis Filia Holdings faced $2.4M in penalties for unregistered securities sales and broker violations.

Victoria Chase White-Collar Crime

Steven R. Eagleburger: $110K Penalty in FLIR Systems Fraud

Steven R. Eagleburger, former FLIR Systems executive, paid $110,000 to settle SEC charges of accounting fraud and inflating earnings in 1998-1999.

Victoria Chase Ponzi Schemes

Frederick Harris $75M Prime Bank Scheme - $5.1M Penalty

Frederick Harris and co-defendants orchestrated a $75 million prime bank fraud scheme. The SEC obtained summary judgment, imposing permanent injunctions and penalties.

Daniel Reeves White-Collar Crime

Neil Dolinsky: $2M Penalty in Zomax Insider Trading Case

Neil Dolinsky, former Zomax officer, faced SEC insider trading charges resulting in a $2 million penalty. The case involved financial reporting fraud.

Victoria Chase White-Collar Crime

Philip R. Jacoby Jr.: $1.5M Osiris Accounting Fraud Settlement

Philip R. Jacoby Jr. and three other Osiris Therapeutics executives faced SEC charges for accounting fraud that overstated performance, resulting in a $1.5M settlement.

Victoria Chase Ponzi Schemes

Betty Ann Rubin: $763K Ponzi Scheme in Oil & Gas Partnerships

Betty Ann Rubin implicated in SEC settlement involving $763,678 disgorgement for Ponzi-like scheme operating through oil and gas limited partnerships.

Daniel Reeves White-Collar Crime

Shane Schmidt: $12M+ SEC Penalties in COVID-19 Microcap Fraud

Shane Schmidt and four entities ordered to pay over $12 million in SEC penalties for COVID-19-related microcap fraud scheme in Gomes et al. case.

Victoria Chase White-Collar Crime

Kim J. Brown Hit with $110K Penalty for Unregistered Broker Fraud

Kim J. Brown faced SEC action for orchestrating fraudulent stock sales and acting as an unregistered broker, resulting in $110,000 in penalties and injunctions.

Victoria Chase Ponzi Schemes

Robert A. McDonald: $3.8M Penalty in $135M Payphone Ponzi Scheme

Robert A. McDonald faced SEC action for role in $135 million payphone investment Ponzi scheme through Alpha Telcom, resulting in $3.8M penalty and injunction.

Daniel Reeves White-Collar Crime

Michael Lauer's $62.5M Securities and Disclosure Fraud Penalty

Michael Lauer was ordered to pay over $62 million in disgorgement plus a $500,000 civil penalty for securities fraud and disclosure fraud violations.

Victoria Chase White-Collar Crime

George Chachas: $630K Penalty in $12M Stock Manipulation Scheme

George Chachas faced SEC action in the Cavanagh case for manipulating Electro Optical Systems stock, part of a scheme that generated over $12 million in illegal profits.

Victoria Chase White-Collar Crime

Lewis Allen Rivlin Liable for $6.5M in Securities Fraud Scheme

Lewis Allen Rivlin was found liable for securities fraud involving a fraudulent high-yield bank debenture trading program and ordered to pay over $6.5 million.

Victoria Chase White-Collar Crime

Douglas A. Parigian Insider Trading Case: $51,460 Penalty

Douglas A. Parigian was involved in an insider trading scheme with amateur golfers targeting American Superconductor Corporation, settling for $51,460.

Victoria Chase White-Collar Crime

James Rudolph Insider Trading: $801K Penalty in Tallgrass Energy Case

James Rudolph was charged by the SEC with insider trading related to Tallgrass Energy LP, resulting in penalties totaling $801,742 and permanent injunctions.

Victoria Chase White-Collar Crime

Larry A. Stockett's $1.8M Disclosure Fraud and Scheme

Larry A. Stockett orchestrated a fraudulent scheme involving Hightec, Inc. and The S.I.N.C.L.A.R.E. Group, Inc., resulting in $1.8M in penalties and injunction.

Victoria Chase White-Collar Crime

Laura Mascola's $3.5M BitConnect Unregistered Securities Case

Laura Mascola, along with BitConnect promoters Michael Noble and Joshua Jeppesen, ordered to pay over $3.5 million for promoting unregistered securities.

Victoria Chase White-Collar Crime

Peter M. Stanley: $100K Securities Fraud with Mackie and Fink

Peter M. Stanley received permanent injunction in SEC securities fraud case involving Thomas S. Mackie and Andrew S. Fink, with $100K penalty waived.

Victoria Chase White-Collar Crime

James G. Lewis: $1M Penalty in JB Oxford Late Trading Fraud

James G. Lewis, former officer of JB Oxford Holdings, settled SEC civil fraud charges for late trading and market timing schemes, resulting in $1M in penalties.

Victoria Chase White-Collar Crime

Jason W. Brola: $120K Penalty for Securities Fraud and Sales

Jason W. Brola received a $120,000 penalty after the SEC obtained default judgments against him and co-defendants for securities fraud and unregistered sales.

Victoria Chase White-Collar Crime

George H. Holley's $312,440 Insider Trading Scheme

George H. Holley and Robert J. Hahn-Baiyor paid $312,440 in penalties for insider trading related to Nipro Corporation's acquisition of Home Diagnostics, Inc.

Victoria Chase White-Collar Crime

Joshua Craig Reeves: $120M Faith-Based Bond Fraud Scheme

Joshua Craig Reeves and family defrauded investors of $120M through church bonds in Indiana. SEC secured injunctions, asset freezes, and $7.9M in penalties.

Victoria Chase White-Collar Crime

Edgar B. Alacan Faces $110K SEC Penalty Enforcement in New Jersey

Edgar B. Alacan is subject to SEC enforcement action in U.S. District Court for the District of New Jersey to collect a $110,000 civil penalty for securities violations.

Victoria Chase White-Collar Crime

John Larson's $175K Securities Fraud via Unregistered Sales

John Larson and others settled SEC charges for selling unregistered partnership units using boiler room tactics, resulting in $175,688 disgorgement penalty.

Victoria Chase White-Collar Crime

Michael Luckhoo-Bouche's $8.2M Microcap Fraud Scheme

Michael Luckhoo-Bouche was ordered to pay $8.2M in penalties for involvement in a COVID-19-related microcap fraud scheme alongside four other entities.

Victoria Chase White-Collar Crime

Jason C. Wong Hit with $3M Penalty in Corporate Hijacking Scheme

Jason C. Wong, along with Irwin Boock and Stanton B.J. DeFreitas, was ordered to pay part of $12.9M in relief for hijacking 23 defunct companies and selling unregistered securities.

Victoria Chase Ponzi Schemes

Lalaine Ledford: $345M Ponzi Scheme Results in $184M Penalty

Lalaine Ledford was involved in a $345 million Ponzi-like scheme orchestrated by Kevin B. Merrill and others, resulting in significant penalties and restitution.

Daniel Reeves White-Collar Crime

Christopher Beals: $1.5M SEC Penalty for User Metrics Fraud

Christopher Beals and Arden Lee faced SEC charges for negligent misrepresentations about WM Technology's monthly active users, resulting in $1.5M in penalties.

Victoria Chase White-Collar Crime

Martin Zaepfel: $170K Penalty for Spiegel Credit Card Fraud

Martin Zaepfel, former Spiegel Inc. officer, paid $170,000 in penalties for overstating credit card receivables and concealing financial reports.

Victoria Chase White-Collar Crime

Morgan Cooper's $125,000 Unregistered Stock Sales Fraud

Morgan Cooper, along with James J. Caprio and Jeffrey G. Nunez, faced SEC charges for unregistered stock sales and false statements, resulting in $250,000+ penalties.

Victoria Chase White-Collar Crime

Kathleen Fraher's $50M Silvergate Disclosure Fraud Case

Kathleen Fraher, former Silvergate Capital executive, faced SEC charges for misleading investors about compliance and financial condition in a $50M case.

Victoria Chase White-Collar Crime

Paul Free's $300,000 Accounting Fraud at Delphi Corporation

Paul Free was charged by the SEC with financial fraud at Delphi Corporation, settling for $300,000 in penalties related to accounting and disclosure violations.

Victoria Chase