Thursday, April 13, 2017

SEC News - Fraud and Boiler Room Scheme





SEC Charges Pastor With Defrauding Retirees
The SEC announced fraud charges and an emergency asset freeze obtained against a Michigan-based pastor accused of exploiting church members, retirees, and laid-off auto workers who were misled to believe they were investing in a successful real estate business.

SEC Halts Fraud Targeting Seniors
An emergency asset freeze and temporary restraining order have been announced against a Chicago-based investment adviser and his financial management company accused of scamming elderly investors out of millions of dollars.

SEC Halts Boiler Room Scheme Involving State Lottery Tickets
A Florida-based company, its CEO, and its top sales agent now face charges for conducting a boiler room scheme that solicits investments in a business purportedly facilitating online and cell phone sales of lottery tickets in various states.


The attorneys at Sallah Astarita & Cox include veteran securities litigators and former SEC Enforcement Attorneys. We have decades of experience in securities litigation matters, including the defense of enforcement actions. We represent investors, financial professionals and investment firms, nationwide. For more information call 212-509-6544 or send an email.
Post a Comment