Wednesday, May 23, 2018

SEC News - Fraud, Manipulation, and a Financing Scam

SEC Charges Three Former Healthcare Executives With Fraud
Fraud charges have been announced against three former Constellation Healthcare Technologies Inc. executives who falsified financial and other information they provided to a private firm in the course of negotiating the private firm’s acquisition of a majority stake in Constellation. Houston-based Constellation filed for bankruptcy in March, a little more than a year after the January 2017 acquisition.

Owner of Alternative Investment Firm Charged in Belize Airport Financing Scam
The owner of a Manhattan-based alternative investment firm has been charged with misappropriating close to $6 million in investor funds earmarked to finance the construction of an international airport in Belize.

Brokerage Firms and AML Officer Charged With Anti-Money Laundering Violations
The SEC announced settled charges against broker-dealers Chardan Capital Markets LLC and Industrial and Commercial Bank of China Financial Services LLC (ICBCFS) for failing to report suspicious sales of billions of penny stock shares.

SEC Files Charges in International Manipulation Scheme
The SEC charged four individuals for their roles in a fraudulent scheme that generated nearly $34 million from unlawful stock sales and caused significant harm to retail investors.


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 to mja@sallahlaw.com.

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