The SEC claims Guy Scott Griffithe, 40, of Laguna Niguel, Calif., and Robert William Russell, 60, of Duvall, Wash., defrauded investors of $4.9 million by selling them worthless “interests” in three alleged marijuana businesses, Renewable Technologies Solution, Green Acres Pharms, and SMRB, in federal court.
Read moreThe SEC says Daniel Markel, 55, of Toluca Lake, Calif., fraudulently raised $7.7 million in unregistered offerings of his company MyLife Recovery Centers securities, in federal court.
Read moreGlobal stock and oil prices tumbled Tuesday as concern about the impact of a Chinese disease outbreak increased, and a rating agency cut Hong Kong’s credit rating for official borrowing due to political tension.
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A federal judge gave a two-year prison sentence Friday to former Congressman Christopher Collins, three months after the New York Republican pleaded guilty to an inside-trading scheme involving his son.
Read moreThe SEC claims Southern Californians Scott Charles Messier and Jay Zola Scoratow took more than $2 million in fraudulent “commissions” from selling microcap stocks, in federal court.
Read moreThe SEC accuses five Californians of reaping more than $10 million in “commissions” in a matched-trading scheme involving thinly traded stocks, though they were not registered as brokers or dealers nor associated with one.
Read moreThe SEC said Tuesday that it obtained an asset freeze against Kenneth D. Courtright III, 49, of Minooka, Ill., and his company, Todays Growth Consultant, for an alleged Ponzi scheme that raised at least $75 million from more than 500 investors.
Read moreThe SEC claims Donald G. Blakstad, 60, of San Diego and Las Vegas, defrauded investors of $3.5 million by selling them shares of his companies Energy Sources International Corp. and Xact Holdings Corp., in federal court.
Read moreA federal class claims that Ifinex, Tether Holdings, et al. manipulated the price of bitcoins and their derivatives.
Read moreShareholders sued directors of Juul Labs in a superior court class action, claiming their abuse and aiding and abetting contributed to a $19 billion decline in the value of (nonparty) Altria Group, which had invested $12.8 billion in Juul.
Read moreA woman claims Mark Bernier, CEO of co-defendant VentureMoney, both of San Diego, “has stolen over $2.5 million from numerous women” he met on dating websites, then sold them “worthless securities,” including $550,000 from her, in superior court.
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Oil prices rose and global stock markets fell Wednesday after Iran fired missiles at U.S. bases in Iraq in retaliation for the killing of an Iranian general.
Read moreFour people sued Horter Investment Management for $1.7 million in federal court, claiming it invested their money in Ponzi schemes and other chicaneries.
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Investors have filed a mass lawsuit with a German court seeking $1 billion in damages from Daimler over diesel cheating, their lawyers said Tuesday.
Read moreDirectors are selling Tiffany & Co,, too cheaply through an unfair process to Moёt Hennessy-Louis Vuitton, for $135 a share or $14.5 billion, shareholders say in a federal class action.
Read moreA shareholder class action claims directors are selling the Craft Brew Alliance too cheaply through an unfair process to Anheuser-Busch, for $16.50 a share or $321 million, in King County Court.
Read moreThe SEC claims Steve M. Bajic, of Canada; Rajesh Taneja, of Vietnam; Kenneth Ciapala and Anthony Killarney, both of Switzerland, and 10 companies they control defrauded investors of $67 million, in federal court.
Read moreA federal class action claims directors are selling ArQule (biopharmaceuticals) too cheaply through an unfair process to Merck Sharp & Dohme, for $20 a share or $2.7 billion.
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