Category Archives: HedgeCoVest News
Los Angeles Individual Charged with Perpetrating a $47 Million Affinity Fraud Targeting Members of the Orthodox Jewish Community
(HedgeCo.Net) The Securities and Exchange Commission has announced that it has filed charges against Yossi Engel for perpetrating a $47 million affinity fraud from December 2018 to January 2020, targeting at least 29 members of the Orthodox Jewish community. The […]
CFTC Charges Former New York City Commodity Pool Operator with Fraud
(HedgeCo.Net) The Commodity Futures Trading Commission today announced it filed a civil enforcement action in the U.S. District Court for the Eastern District of New York against Mark A. Ramkishun, a former resident of New York City. The complaint alleges that Ramkishun […]
McDonald’s Former CEO Hit with $400K Fine for Misrepresentations About His Termination
(HedgeCo.Net) The Securities and Exchange Commission today charged Stephen J. Easterbrook, former CEO of McDonald’s Corporation, with making false and misleading statements to investors about the circumstances leading to his termination in November 2019. McDonald’s also was charged for shortcomings […]
Former BlackRock Portfolio Manager Charged with Undisclosed Conflict of Interest
(HedgeCo.Net) The Securities and Exchange Commission has charged Randy Robertson, a former BlackRock Advisors, LLC portfolio manager, for failing to disclose a conflict of interest arising from his relationship with a film distribution company in which the fund he managed […]
Creator of CoinDeal Crypto Scheme and Seven Others Charged in Connection with $45 Million Fraud
(HedgeCo.Net) The Securities and Exchange Commission charhasged Neil Chandran, Garry Davidson, Michael Glaspie, Amy Mossel, Linda Knott, AEO Publishing Inc, Banner Co-Op, Inc, and BannersGo, LLC for their involvement in a fraudulent investment scheme named CoinDeal that raised more than […]
SEC Charges Former SPAC CFO for Orchestrating $5 Million Fraud Scheme
(HedgeCo.Net) The Securities and Exchange Commission has announced fraud charges against Cooper J. Morgenthau, the former CFO of African Gold Acquisition Corp., a SPAC or special purpose acquisition company, for orchestrating a scheme in which he stole more than $5 […]
SEC Obtains Final Judgment Against Arizona Man for Defrauding Elderly Investors
(Hedgeco.Net) The U.S. District Court for the District of Arizona entered final judgment by default against Conrad Coggeshall in a previously-filed SEC case that alleged Coggeshall fraudulently raised $700,000 from elderly investors. According to the complaint, Coggeshall told investors they […]
SEC Obtains Judgment Against Individual in Multi-Million Dollar Securities Offering Fraud
(HedgeCo.Net) The United States District Court for the District of Massachusetts entered a final judgment against Paul Hess ordering him to pay approximately $840,000 in disgorgement, prejudgment interest, and penalties. The SEC’s complaint alleged that Hess partnered with co-defendant Joshua […]
SEC Charges Former CEO of Biotech Company CytoDyn with Fraud, Insider Trading
(HedgeCo.Net) The Securities and Exchange Commission has charged Nader Pourhassan, the former CEO of CytoDyn Inc., with fraud and insider trading in connection with providing misleading information to shareholders about the progress of a clinical research treatment for COVID-19 and […]
Honeywell to pay $81 Million after being charged in Bribery Schemes
(HedgeCo.Net) The Securities and Exchange Commission has announced charges against Honeywell International Inc. for violations of the Foreign Corrupt Practices Act (FCPA) arising out of bribery schemes that took place in Brazil and Algeria. The company has agreed to pay […]
SEC Charges Four Individuals in Crypto Pyramid Scheme that Targeted Spanish-Speaking Communities
(HedgeCo.Net) The Securities and Exchange Commission has charged Francisley Valdevino Da Silva, Juan Antonio Tacuri Fajardo, Ramon Antonio Perez Arias, and Jose Ramiro Coronado Reyes for their roles in creating and promoting Forcount Trader Systems, Inc., a fraudulent crypto asset […]
Citadel YTD returns hit 32% following November gain
(Hedgeweek) The new digital assets hedge fund launched by Brevan Howard Asset Management has come through this year’s cryptocurrency crash relatively unscathed, according to a report by Bloomberg, restricting losses to single figures. To read this article: