OwnZones Media Network and its CEO Daniel Goman, 43, of Los Angeles, and his brother and stock salesman Joseph Goman, 31, of Phoenix, defrauded investors of $45 million by “selling an unregistered securities offering to over a thousand investors without any exemption from registration,” the SEC claims in federal court.
Read moreCalling himself “a man of the cloth,” Christian minister Larry Leonard and his wife Shuwana, both 45, of Houston, defrauded investors of nearly $500,000 by selling them “worthless stock certificates” in their company Teshuater LLC, the SEC says in federal court.
Read moreThe SEC sued Jonah Engler, 39, of Brooklyn, and Barbara Desiderio, 61, of East Windsor, N.J., et al., in federal court, claiming they defrauded customers of $4 million through unauthorized trades, and pocketed $2.4 million of it.
Read moreThe SEC on Wednesday said it obtained final judgment of $3.4 million against Christian concert promoter Jeffrey E. Wall, of Freeport, Maine, and his business, The Lighthouse Events.
Read moreThe SEC accused Donald H. Hunter, 52, of Ridgefield, Conn., who was barred by FINRA in 2012 from broker-dealer work, of “lining his own pocket” by defrauding investors of more than $400,000 in his “You Angel Fund,” in federal court.
Read moreOperating as an unregistered securities dealer, Justin W. Keener, 45, of San Juan, Puerto Rico dba JMJ Financial defrauded investors of $22 million, the SEC claims in federal court.
Read moreMeta 1 Coin Trust; Robert P. Dunlap, 48; his allegedly “psychic” girlfriend, Nicole Bowdler, 39; and former Washington state Sen. David A. Schmidt, 55, all of Boca Raton, Fla., defrauded investors of $4.4 million in a digital coin fraud, the SEC claims in federal court.
Read moreThe SEC claims Denis Georgiyevich Sotnikov, 36, of Hallandale Beach, Fla. and Adaptive Technology, et al., defrauded investors of more than $1.8 million, in federal court.
Read moreThe SEC claims Stacey L. Beane, 35, of Winter Park, Fla.; Justin Deckert, 30, of Midlothian, Va.; and Travis Laska, 26, of Raleigh, N.C., aided and abetted Stephen C. Peters in a $10 million Ponzi scheme through VisionQuest Wealth Management, in federal court.
Read moreBradley C. Reifler, 60, of New York City, began his securities fraud by swiping a $6 million investment and then “misappropriated millions more,” the SEC claims in federal court.
Read moreThe SEC says it has frozen the assets of Florida-based investment adviser Kinetic Investment Group and its managing member, Michael Scott Williams, for an allegedly fraudulent, unregistered $39 million securities offering.
Read moreThe SEC sued Joe Leland Tarver, of Lubbock, Texas and his companies Rock and Roll Cycles and Cycle for Life, which allegedly make and sell tricycles for disabled children, claiming he diverted to himself much of the $491,000 he raised and to make Ponzi payments, in federal court.
Read moreThe SEC sued Brooke Church-Koegel and Nicole J. Walker, both of Marina del Rey, Calif., and David H. Goldman, of Chatsworth, Calif. in federal court, claiming they pocketed $2.8 million from selling unregistered securities in the Woodbridge Ponzi scam, though they were not registered as securities dealers.
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Two former executives at a South Carolina utility lied repeatedly to regulators and investors about the progress of construction of two nuclear reactors taking more than a billion dollars out of the pockets of investors and ratepayers, federal securities officials said.
Read moreWells Fargo will pay $35 million to settle complaints of failing to supervise investment advisers, the SEC said Thursday.
Read moreActor Steven Seagal will pay $330,000 for failing to disclose payments he received for promoting an investment in an initial coin offering conducted by Bitcoin2Gen, the SEC said Thursday.
Read moreDionne Van Zyk, 56, of Alpharetta, Ga., used his position as a church elder to defraud investment clients of “$23.5 million in start-up companies that he owned and controlled,” to their grief, and skimmed $1.3 million from it, the SEC claims in federal court.
Read moreThe SEC claims that Michael Scott Williams, 51, of Sarasota, Fla. and Puerto Rico, defrauded investors of $39 million in his co-defendant Kinetic Funds, “a purported hedge fund,” and misappropriated “at least $6.3 million” of it for himself, in federal court.
Read moreBrian Davison of Tampa, Barry M. Rybicki of Phoenix and their Equialt companies targeted elderly people in a $170 million Ponzi scheme from which they swiped millions for themselves, the SEC says in federal court.
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