HSBC and Scotia Capital Charged with Widespread Recordkeeping Failures
Firms admit to wrongdoing and agree to pay penalties in SEC’s ongoing recordkeeping initiative
Washington D.C., — The Securities and Exchange Commission this week charged HSBC Securities (USA) Inc. and Scotia Capital (USA) Inc. for widespread and longstanding failures by both firms and their employees to maintain and preserve electronic communications. To settle the charges, HSBC and Scotia acknowledged that...
Hadari Oshri’s Gaya Ventures site claims she’s joined forces with convicted businessman Orlando Birbragher in new biz venture
AN IMPORTANT NOTE: On June 22, 2021, Hadari Oshri –Marc Lubaszka’s business partner– filed a civil harassment restraining order (CHRO) against Investor News reporter Aitana Vargas to stop the publication of her investigative series “A Special Report: The Harrowing Impunity of White-Collar crime,” and any subsequent installments or future media coverage. On August 3, 2021, Vargas filed an anti-SLAPP...
SEC Alleges Son and Father-in-Law Touted Faith to Target Church Members in $20 Million Offering Fraud
Washington D.C. — The Securities and Exchange Commission today charged Brett M. Bartlett, his father-in-law Scott A. Miller, and their companies for fraudulent securities offerings that raised at least $20.5 million, some of which Bartlett and Miller misused for personal expenses.
According to the SEC’s complaint, from at least June 2018 to May 2020, Bartlett and Miller raised funds from...
La economía, a examen. ¿A las puertas de una nueva recesión?
Los Ángeles (CA) – La pandemia más letal desde la mal llamada gripe española de 1918, no solo ha dejado una estela de muertes a lo largo y ancho del planeta. También ha puesto de manifiesto la vulnerabilidad de los sistemas sociales, ha desafiado la capacidad de respuesta del aparato sanitario ante una emergencia de gran magnitud y ha...
Elizabeth Holmes Sentenced To More Than 11 Years For Defrauding Theranos Investors Of Hundreds Of Millions
SAN JOSE – Elizabeth A. Holmes was sentenced today to 135 months (11 years, 3 months) in federal prison for defrauding investors in Theranos, Inc. of hundreds of millions of dollars, announced United States Attorney Stephanie M. Hinds, Federal Bureau of Investigation Special Agent in Charge Robert K. Tripp, Food and Drug Administration (FDA) Assistant Commissioner for Criminal Investigations...
Chief Information Officer of pharmaceutical company Viatris charged with inside trading
SEC Charges Pharmaceutical Co. Chief Information Officer in $8 Million Insider Trading Scheme
Washington D.C. — The Securities and Exchange Commission today announced insider trading charges against Ramkumar Rayapureddy, Chief Information Officer of pharmaceutical company Viatris Inc., which was formerly known as Mylan N.V.
The SEC’s complaint, filed in the United States District Court for the Western District of Pennsylvania, alleges...
SEC Charges Mattel with Financial Misstatements and Former PwC Audit Partner with Improper Professional Conduct
Washington D.C. — The Securities and Exchange Commission today announced that California-based Mattel Inc. has agreed to pay $3.5 million to settle charges relating to misstatements in its third and fourth quarter 2017 financial statements. Separately, the SEC is initiating litigation against Joshua Abrahams, a former audit partner at PricewaterhouseCoopers LLP, or PwC, to determine whether he engaged in...
New Jersey Real Estate Development Firm and Four Executives Charged With $600 Million Ponzi-like Fraud
Washington D.C. — The Securities and Exchange Commission today charged New Jersey-based National Realty Investment Advisors LLC (NRIA) and four of its former executives with running a Ponzi-like scheme that raised approximately $600 million from about 2,000 investors.
The SEC’s complaint alleges that beginning in 2018, NRIA and its executives raised funds by promising investors their money would be used...