Wednesday, September 16, 2015

SEC News - Stolen Funds, Fraud Charges, Insider Trading

Five Arizona Residents Charged With Stealing Millions From Investors to Fund Travel and Entertainment Sprees

The SEC has charged five Arizona residents with stealing millions of dollars from investors to make car payments, buy clothes, and fund travel and entertainment at luxury resorts, casinos, and strip clubs.

Fraud Charges Announced in Cross-Border Scheme to Secretly Control and Manipulate Stock of Chinese Companies After Reverse Mergers

Fraud charges have been announced against a Wall Street CEO and his company, family members, and business associates accused of secretly obtaining control and manipulating the stock of Chinese companies they were purportedly guiding through the process of raising capital and becoming publicly-traded in the United States.

BDO and Five Partners Charged in Connection With False and Misleading Audit Opinions

National audit firm BDO USA has been charged with dismissing red flags and issuing false and misleading unqualified audit opinions about the financial statements of staffing services company General Employment Enterprises.

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