Category Archives: HedgeCoVest News
SEC Uncovers $194 Million Stock Schemes that Spanned Three Continents
(HedgeCo.Net) The Securities and Exchange Commission has filed charges against 16 defendants, located in the Bahamas, the British Virgin Islands, Bulgaria, Canada, the Cayman Islands, Monaco, Spain, Turkey, and the United Kingdom, for participating in multi-year fraudulent penny stock schemes […]
SEC Obtains TRO and Asset Freeze against Alleged Perpetrators of nearly $450 Million Ponzi Scheme
(HedgeCo.Net) The Securities and Exchange Commission has announced charges and an asset freeze against several Las Vegas-area individuals and companies allegedly behind a nearly half-billion dollar Ponzi scheme involving purported personal injury settlements. The SEC charged certain defendants with violations […]
Florida-Based Companies and Their Owner Settle Mid-Trial for $1.8 Million for Fraudulent Forex and Digital Asset Scheme
(HedgeCo.Net) The Commodity Futures Trading Commission has announced the U.S. District Court for the Middle District of Florida entered an order for permanent injunction, monetary sanctions, and equitable relief against Alan Friedland of Florida and his Florida-based companies, Fintech Investment […]
Federal Court Orders Danish Resident to Pay Over $4.7 Million for Forex Fraud and Misappropriation
(HedgeCo.Net) The Commodity Futures Trading Commission has announced the U.S. Court for the Southern District of New York has entered an order and a final judgment against Danish resident Casper Mikkelsen, a/k/a Carsten Nielsen, a/k/a Brian Thomson, a/k/a Thomas Jensen, […]
SEC Charges Repeat Securities Violator David J. Bunevacz, Step-Daughter Mary Hayca Bunevacz, and Three Related Companies with Federal Securities Violations
(HedgeCo.Net) The Securities and Exchange Commission has charged CB Holding Group Corp., Caesarbrutus LLC and their recidivist principal, David J. Bunevacz of Calabasas, California, for fraudulently raising more than $32 million from at least 40 investors. The SEC also charged […]
Takeover Bid of Fortune 500 Company was a Sham
(HedgeCo.Net) The Securities and Exchange Commission has charged Melville ten Cate, a U.S. citizen residing abroad, with fraud stemming from his allegedly phony offer to purchase Textron – a large U.S.-listed aircraft, defense, and industrial company. The SEC’s complaint, filed […]
SEC Obtains Final Judgment Against Hedge Fund Adviser Who Jury Found Liable for Securities Fraud
(HedgeCo.Net) The Securities and Exchange Commission has obtained a final judgment against a hedge fund adviser and his investment advisory firm. According to the SEC’s complaint, filed in September 2018, Gregory Lemelson and Massachusetts-based Lemelson Capital Management, LLC (“LCM”) were […]
Investment Adviser Charged for Undisclosed Conflicts of Interest Related To Real Estate Ponzi Scheme
(HedgeCo.Net) The Securities and Exchange Commission has charged a Marin, California resident and his investment firm for their roles selling securities in Professional Financial Investors, Inc. (“PFI”), a Marin County, California real estate investment and management company that defrauded investors. […]
SEC Proposes Rules to Include Certain Significant Market Participants as “Dealers” or “Government Securities Dealers”
(HedgeCo.Net) The Securities and Exchange Commission has proposed two rules that would require market participants, such as proprietary (or principal) trading firms, who assume certain dealer functions, in particular those who as act as liquidity providers in the markets, to […]
SEC Charges Seven California Residents in Insider Trading Ring
(HedgeCo.Net) The Securities and Exchange Commission has announced insider trading charges against three software engineers employed at Twilio, Inc., a San Francisco-based cloud computing communications company, and four family members and friends for allegedly generating more than $1 million in […]
Federal Court Orders Tennessee and Kentucky Men and Their Company to Pay Over $5 Million for Commodity Futures Pool Fraud
(HedgeCo.Net) The Commodity Futures Trading Commission today announced that the U.S. District Court for the Middle District of Tennessee entered a summary judgment order on March 16, 2022 for permanent injunction, monetary sanctions, and equitable relief against Rodney Scott Phelps, […]
SEC Obtains Final Judgment Ordering Individual to Pay Over $17 Million in Multi-Million Dollar International Fraud Scheme
(HedgeCo.Net) The Securities and Exchange Commission has announced a final judgment against Michael Gastauer, of Germany, for his role in an international scheme that generated more than $165 million of illegal sales of stock on the U.S. markets in at […]