Category Archives: HedgeCoVest News
Las Vegas Resident Charged in Crypto Fraud Targeting Filipino Community in California
(HedgeCo.Net) The Securities and Exchange Commission has charged Las Vegas, Nevada resident Emiliano S. Ryn and his company GexCrypto Corp. with defrauding members of the Filipino community in a scheme involving crypto assets. According to the SEC’s complaint filed in […]
Kraken to Discontinue Unregistered Sale of Crypto Asset Staking and Pay $30 Million to Settle SEC Charges
(HedgeCo.Net) The Securities and Exchange Commission has charged Payward Ventures, Inc. and Payward Trading Ltd., both commonly known as Kraken, with failing to register the offer and sale of their crypto asset staking-as-a-service program, whereby investors transfer crypto assets to […]
Former Convicted Felon to Pay $24 Million to Settle SEC Charges for Operating a Ponzi and Pyramid Scheme
(HedgeCo.Net) The Securities and Exchange Commission has announced the resolution of its fraud action against Eric J. “EJ” Dalius and the business he owned, Saivian LLC. Dalius and Saivian LLC have agreed to pay $24 million in disgorgement, prejudgment interest […]
SEC Charges Investment Adviser with Multi-Million Dollar Fraud
(HedgeCo.Net) The Securities and Exchange Commission has charged Joshua W. Coleman, resident of North Wales, Pennsylvania and former investment adviser, for perpetrating a fraudulent scheme that yielded him over $200 million in illicit loan proceeds. According to the SEC’s complaint, […]
Activision Blizzard to Pay $35 Million for Failing to Maintain Disclosure Controls and Violating Whistleblower Protection Rule
(HedgeCo.Net) The Securities and Exchange Commission has announced that Activision Blizzard Inc., a video game development and publishing company, agreed to pay $35 million to settle charges that it failed to maintain disclosure controls and procedures to ensure that the […]
SEC Charges Nevada-Based Investment Adviser for Conducting Fraudulent “Cherry-Picking” Scheme
(HedgeCo.Net) The Securities and Exchange Commission has charged Steve Susoeff, LLC (dba Meritage Financial Group), a Henderson, Nevada-based investment adviser, and Steven J. Susoeff, its sole owner and principal, for conducting a cherry-picking scheme that defrauded their clients. According to […]
SEC Obtains Final Judgment Against Defendant for Role in Offering Fraud
(HedgeCo.Net) The United States District Court for the Eastern District of New York has entered a final consent judgment against New Jersey resident Walter Gil de Rubio for his role in a scheme that defrauded approximately 80 investors of over […]
SEC Charges Investment Club Manager for Misappropriating Investor Funds
(HedgeCo.Net) The Securities and Exchange Commission filed fraud charges against Austin D. Ellison-Meade, alleging that he fraudulently raised millions of dollars from investors in an investment club he managed called Baycap.io. According to the SEC complaint, Meade falsely claimed that […]
SEC fines Bloomberg $5 million for disclosure violations on fixed-income prices
(HedgeCo.Net) The Securities and Exchange Commission has announced settled charges against Bloomberg Finance L.P. (Bloomberg) for misleading disclosures relating to its paid subscription service, BVAL, which provides daily price valuations for fixed-income securities to financial services entities. The SEC’s order […]
SEC Charges Avraham Eisenberg with Manipulating Mango Markets’ “Governance Token” to Steal $116 Million of Crypto Assets
(HedgeCo.Net) The Securities and Exchange Commission has charged Avraham Eisenberg with orchestrating an attack on a crypto asset trading platform, Mango Markets, by manipulating the MNGO token, a so-called governance token that was offered and sold as a security. Investigations […]
Nexo Agrees to Pay $45 Million in Penalties and Cease Unregistered Offering of Crypto Asset Lending Product
(HedgeCo.Net) The Securities and Exchange Commission today charged Nexo Capital Inc. with failing to register the offer and sale of its retail crypto asset lending product, the Earn Interest Product (EIP). To settle the SEC’s charges, Nexo agreed to pay […]
SEC Obtains Judgment Against Florida Man in Microcap Fraud
(HedgeCo.Net) The U.S. District Court in Boston entered a final judgment by consent against Florida resident Todd Zinkwich, whom the SEC charged for engaging in a scheme to manipulate the market for numerous microcap stocks. The District Court had previously […]