Wednesday, October 14, 2015

SEC News - Fraud and Manipulations

Former Officers of SMF Energy Charged With Fraud

Seal of the U.S. Securities and Exchange Commi...Financial fraud charges have been announced against four former SMF Energy Corp. officers, alleging that the former CEO, former chief financial officer, former chief accounting officer, and former senior vice president of sales and investor relations officer vastly inflated SMF’s revenues through a fraudulent billing scheme.

Six Charged in Stock Fraud Scheme

Six men, including a father and three sons, have been charged with defrauding investors in Gerova Financial Group Ltd., whose shares once traded on the New York Stock Exchange.

Individual and Firm Charged for Manipulative Press Release Announcing Takeover Bid

An individual and his New York-based investment advisory firm have been charged with fraud based on a misleading press release announcing their offer to purchase a majority stake in retail bookseller Barnes & Noble.

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.