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LOS ANGELES – A Ventura County man who schemed with an Orange County man to illegally acquire disaster relief funds was sentenced today to 51 months in federal prison for fraudulently obtaining more than $1 million in loans intended to help businesses weather the COVID-19 pandemic’s economic fallout. Manuel Asadurian, 66, of Simi Valley, was sentenced by United States District...

Three Defendants Have Pleaded Guilty to Fraud Conspiracy A New York resident has pleaded guilty in the Eastern District of New York to participating in a fraudulent multimillion-dollar mass-mailing scheme that tricked consumers into paying fees for falsely promised cash prizes. According to court documents, from August 2014 through August 2019, Scott Gammon, 47, of Broad Channel, New York, engaged in...

SPAC deals now are rehabbed and swapped for failed IPOs Move over, IPOs, SPACs are becoming more popular. Special-purpose acquisition companies, once a last resort for owners looking to exit an investment, have become a popular choice for private companies spooked by the swings in the regular IPO market. The volume of SPAC deals hit an all-time high in 2019. Instead of...

Washington D.C. — The Securities and Exchange Commission has charged Haverford, PA-based Egan-Jones Ratings Company, a nationally recognized statistical rating organization (NRSRO) registered with the Commission in certain ratings classes, with violating conflict of interest provisions. The SEC also charged the company’s founder and chief executive officer, Sean Egan, with causing certain of those violations. The SEC’s order finds that,...

Software Engineer Traded, Tipped Friend of Company’s Acquisition Plans Washington D.C. — The Securities and Exchange Commission today announced insider trading charges against David Roda, a former software engineer at Penn National Gaming’s subsidiary Penn Interactive Ventures, in connection with the parent company’s $2 billion acquisition of Toronto-based Score Media and Gaming, Inc. The SEC’s complaint, filed in federal district court...

Washington D.C. — The Securities and Exchange Commission has voted to propose changes that would remove the references to credit rating agencies from existing exceptions provided in Rule 101 and Rule 102 of Regulation M, a set of rules designed to preserve market integrity by prohibiting activities that could artificially influence the market for an offered security. "In Section 939A...

Security Token Offerings the ways to avoid financial crisis for 2019 and beyond The world economy is still struggling to recover from the 2008 Financial Crisis. Years after the massive economic collapse of countries wealth and the loss of $ trillions, we are still balancing the world economy on this same house of cards. The world financial system is set for...

https://youtu.be/uud_agtYrlc Featured image: by Got Credit.

What is a Gold IRA? A Gold IRA is an IRS-approved retirement account that functions in the same way as any regular IRA. Unlike conventional retirement accounts such as IRA and 401(k) accounts that limit your options in standard paper-based assets such stocks, mutual funds and bonds, a Gold IRA allows you the added benefit of investing in physical Gold coins and bars and other...

10 Reasons why STO (Security Token Offering) Will Become Huge Investment vehicle In 2017 the world learned about initial coin offerings (ICO) as the start-ups began raising capital in a new and innovative way. In 2017 and 2018 more than $14 billion as invested through ICOs in Blockchain companies as investors were eager to cash in on the crypto craze....