File ID: DOJ-PR-240612.1 Date: June 12, 2024 Accessed: July 11, 2024 Headline: New York Fund Manager Admits Multimillion-Dollar Investment Fraud Scheme Source: https://www.justice.gov/usao-nj/pr/new-york-fund-manager-admits-multimillion-dollar-investment-fraud-scheme Categories: INVESTMENT ADVISORS INVESTMENT FUND FRAUD MAKING FALSE STATEMENTS MISLEADING INVESTORS DOJ-PR-240612.1 – Viewer: ▼▼▼ (Download PDF File ⊗)
Category: Making False Statements
Making False Statements in financial markets and to regulators can lead to severe consequences, including legal repercussions such as fines, penalties, and imprisonment for individuals or entities involved. These deceptive practices undermine market integrity, erode investor trust, and can trigger financial instability or losses for stakeholders. Regulators, such as the SEC, actively pursue those who engage in fraud or misrepresentation to maintain fair and transparent markets, and the legal framework is designed to deter such behavior through stringent enforcement. Ultimately, false statements not only harm the immediate market environment but also can have long-lasting effects on reputation and operational viability.
SEC-PR-2024-72 (JUN. 12, 2024) Source: https://www.sec.gov/newsroom/press-releases/2024-72 Download: SEC-PR-2024-72 ⊗ (PDF) PRESS RELEASE | 2024-72 SEC Charges JAG Capital Advisors and its Founder Joshua Goltry with Defrauding Investors Washington D.C., June 12, 2024 — The Securities and Exchange Commission today charged Joshua Goltry and his investment management firm, JAG Capital Advisors LLC (JAG Advisors), in connection […]
SEC-PR-2024-70 (JUN. 11, 2024) Source: https://www.sec.gov/newsroom/press-releases/2024-70 Download: SEC-PR-2024-70 ⊗ (PDF) PRESS RELEASE | 2024-70 Securities and Exchange Commission Charges Founder of AI Hiring Startup Joonko with Fraud Washington D.C., June 11, 2024 — The Securities and Exchange Commission today charged Ilit Raz, CEO and founder of the now-shuttered artificial intelligence recruitment startup Joonko, with defrauding […]
SEC-PR-2024-64 (MAY. 29, 2024) Source: https://www.sec.gov/newsroom/press-releases/2024-64 Download: SEC-PR-2024-64 ⊗ (PDF) PRESS RELEASE | 2024-64 SEC Charges Advisory Firm Mass Ave Global and Co-Founder and CEO Winston Feng with False Statements and Undisclosed Conflicts Washington D.C., May 29, 2024 — The Securities and Exchange Commission today instituted settled proceedings against formerly registered investment adviser Mass Ave […]
CFTC-PR-8882-24 Federal Court Orders Florida Forex Trader to Pay $3.4 Million for Futures, Forex, Options Scheme Date: Mar. 21, 2014 Date Accessed: Aug. 1, 2024 Source URL: https://www.cftc.gov/PressRoom/PressReleases/8882-24 Categories: CFTC-2403 Commodity Fraud Forex Investment Fraud Making False Statements Misleading Investors W TRADE GROUP LLC PDF Notes: The PDF viewer below disables the links inside the PDF file. […]
SEC-PR-2024-36 (MAR. 18, 2024) Source: https://www.sec.gov/newsroom/press-releases/2024-36 Download: SEC-PR-2024-36 (PDF) PRESS RELEASE | 2024-36 SEC Charges Two Investment Advisers with Making False and Misleading Statements About Their Use of Artificial Intelligence Washington D.C., March 18, 2024 — The Securities and Exchange Commission today announced settled charges against two investment advisers, Delphia (USA) Inc. and Global Predictions […]
SEC-PR-2024-26 (FEB. 27, 2024) Source: https://www.sec.gov/newsroom/press-releases/2024-26 Download: SEC-PR-2024-26 ⊗ (PDF) PRESS RELEASE | 2024-26 SEC Charges Former Alfi CEO Paul Pereira with Fraud for Making False Statements on Social Media Washington D.C., Feb. 27, 2024 — The Securities and Exchange Commission today charged Paul A. Pereira, the former CEO and co-founder of Alfi, Inc., with […]
FTC-PR-240126-2 (Jan. 26, 2024) FTC Action Leads to $2 Million Penalty Against Kubota for False Made in USA Claims – Penalty is largest ever in Made In USA case Tractor maker Kubota North America Corporation will pay a $2 million civil penalty as a result of a Federal Trade Commission action against the company for […]
FTC-PR-240123-1 FTC Finalizes Order Requiring Old Southern Brass to Stop False Made In USA and Veteran Affiliation Claims Following a public comment period, the Federal Trade Commission finalized a consent order (PDF) settling charges that Florida-based EXOTOUSA LLC, (doing business as Old Southern Brass) falsely claimed that certain company products were manufactured in the U.S, and […]