Thursday, April 14, 2016

SEC News - FCPA Violations, Stolen Funds, Fraud Charges

Las Vegas Sands Paying Penalty for FCPA Violations
Las Vegas Sands Corp. has agreed to pay a $9 million penalty to settle charges that it violated the Foreign Corrupt Practices Act (FCPA) by failing to properly authorize or document millions of dollars in payments to a consultant facilitating business activities in China and Macao.

SEC Charges Four in Fraudulent “Free Dinner” Scheme
Four individuals have been charged in a fraud whose victims included seniors who were solicited at “free dinner” investment seminars in Florida.

Navistar International and Former CEO Misled Investors About Advanced Technology Engine
Navistar International Corp. has been charged with misleading investors about its development of an advanced technology truck engine that could be certified to meet U.S. emission standards.

Biotech Venture Capitalist Stole Investor Funds for Personal Use
A San Francisco-based biotech venture capitalist has agreed to settle charges that he siphoned money from a fund managed by his firm in order to prop up other struggling businesses he owned and finance his lavish lifestyle.

Former TV Commentator Settles Penny Stock Fraud Charges
A former market analyst and TV news commentator has agreed to settle charges that he and his company fraudulently promoted a penny stock to 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.
Post a Comment