SEC-LR-2501

SEC-LR-2501 (Litigation Releases – January, 2025)

JCAP101.com - SEC-PR-2501

Date:  January 1st through 28th (Litigation Releases 26207 through 26233)

Data Source:  https://www.sec.gov/enforcement-litigation/litigation-releases?populate=&year=2025&month=1

Jan. 31, 2025

  • SEC Charges Seven Individuals and Five Entities in the New York Metropolitan Area for Perpetrating a $70 Million Pre-IPO Fraud Scheme
    • Max Infinity Management LLC d/b/a Max Infinity Fund
    • Max Infinity Venture Partners, Inc.
    • Elder Fund Management LLC
    • JJRP United Corp
    • Grand Level Consulting Inc.
    • John S. Cangialosi, Jr.
    • Peter N. Girgis
    • Gene “Jerry” Sarabella
    • Enrico A. “Ed” Carini
    • Caner “John” Otar
    • Chester E. “Chett” Scotland
    • Franz H. Lambert
    • Release No. LR-26233
    • See Also: SEC Complaint (PDF 49-pages)

Jan. 24, 2025

  • SEC Charges AI Startup CEO and His Wife with Elaborate $60 Million Fraud Involving Fake Financial Documents and Forged Audit Reports

Jan. 22, 2025

  • SEC Charges Technical Consultant with Insider Trading

 Jan. 21, 2025

  • SEC Charges Father and Son for $25.8 Million Unregistered Securities Offering
    • Old South Trading Co., LLC
    • Brendan H. Church
    • Edwin N. (“Chuck”) Church
    • Release No. LR-26230
    • See Also: SEC Complaint (PDF 18-pages)

Jan. 18, 2025

  • SEC Charges Nova Labs, Inc. with Fraud and Registration Violations

Jan. 17, 2025

  • SEC Charges Arete Wealth Broker-Dealer and Advisory Firms, Their Chief Compliance Officer, and Several Representatives in Connection with Illegal Securities Offering
    • Arete Wealth Management LLC
    • Arete Wealth Advisors LLC
    • Joey Miller
    • Jeffrey Larson
    • Randall Scott Larson
    • UnBo Chung
    • Release No. LR-26228
    • See Also: SEC Complaint (PDF 57-pages)
  • SEC Charges Fund Executive with Making False Statements to Investors and Prospective Investors
  • SEC Charges Las Vegas Financial Education Company and Three Las Vegas Residents for Acting as Unregistered Brokers
    • Quest Education L.L.C.
    • Daniel Blue
    • David Christopher White
    • Keitoh Jordan Spears
    • Release No. LR-26226
    • See Also: SEC Complaint (PDF 20-pages)
  • SEC Obtains Final Judgments Against Washington State-Based Real Estate Investment Fund Managers That Defrauded Investors for More Than a Decade
    • American Equities, Inc.
    • American Eagle Mortgage Management, LLC
    • Ross C. Miles
    • Maureen T. Wile
    • Release No. LR-26225
  • SEC Charges Pennsylvania Investment Adviser Scott Mason with Misappropriating More Than $20 Million from Advisory Clients
    • Scott Jeffrey Mason
    • Rubicon Wealth Management, LLC
    • Orchard Park Real Estate Holdings LLC
    • Release No. LR-26224
    • See Also: SEC Complaint (PDF 13-pages)

 Jan. 16, 2025

  • SEC Charges New York Blockchain Engineer with Perpetrating “Rug Pull” Fraud
  • SEC Obtains Summary Judgment in Microcap Fraud Litigation

Jan. 15, 2025

  • SEC Obtains Final Judgment Against Abra
  • SEC Settles with Company and Its Managing Member Alleged to Have Acted as Unregistered Dealers
    • Morningview Financial, LLC
    • Miles M. Riccio
    • Joseph M. Riccio, Jr.
    • Release No. LR-26220

Jan. 14, 2025

  • SEC Charges Elon Musk for Violating the Beneficial Ownership Reporting Requirements of the Federal Securities Laws
  • SEC Charges Former Public Company Officer and His Sister-In-Law with Insider Trading
  • SEC Charges Nevada Coffee Company, its CEO, and Recidivist Broker for Fraudulent Securities Offering
    • Joecool.com, LLC
    • Joseph Ariel Haber
    • Robert Tye Cournoyer
    • Release No. LR-26216
    • See Also: SEC Complaint (PDF 20-pages)
  • SEC Obtains Final Judgments Against Seven Defendants in Insider Trading Case
    • Hari Prasad Sure, et al.
    • Release No. LR-26217

Jan. 13, 2025

  • Ashford Inc. To Settle Negligence-Based Charges for Misleading Investors Regarding a Cyber Incident
  • SEC Announces Final Judgment Against Fraudulent Investment Fund Founder William K. Ichioka
    • William K. Ichioka
    • Release No. LR-26214

Jan. 8, 2025

  • SEC Obtains Final Judgment Against Former Officer and Director For Fraudulent Statements in Press Releases

Jan. 7, 2025

  • SEC Obtains Final Judgment Against Former Austin, Texas Resident Who Defrauded Investors With Two Websites
  • SEC Obtains Final Judgment Against Former CEO in $67 Million Offering Fraud

Jan. 6, 2025

  • SEC Obtains Final Judgments Against Former Pfizer Statistician Amit Dagar and His Friend and Business Partner Atul Bhiwapurkar Who Both Traded Ahead of COVID-19 Treatment Announcement
    • Amit Dagar
    • Atul Bhiwapurkar
    • Release No. LR-26210

Jan. 3, 2025

Jan. 2, 2025

  • SEC Charges Recidivist for Defrauding Investors through False and Misleading Statements
  • SEC Obtains Judgment Against Former Executive at MoviePass’s Parent Company
    • Theodore J. Farnsworth
    • J. Mitchell Lowe
    • Khalid Itum
    • Release No. LR-26207
    • See Also: SEC Complaint (PDF 35-pages)
Updated: February 11, 2025 at 8:37 am