Skip to main content

Blog

SEC Charges Attorney with Fraud for Issuing False Legal Opinion in Connection with Illegal Stock Offering

On February 10, 2011, the Commission amended its complaint in SEC v. Greenstone Holdings, Inc., et al., 10 civ. 1302 (S.D.N.Y.), to add as a defendant Virginia K. Sourlis, a securities lawyer. According to the amended complaint, in early 2006, Sourlis intentionally authored a materially false and misleading legal opinion, which Greenstone used to illegally […]

Read More

SEC Charges Filed in $7 Million Pump and Dump Scheme

Today, the Commission filed a complaint against Jonathan R. Curshen, 46, a Sarasota, Florida resident who allegedly founded and led Red Sea Management Ltd., (“Red Sea”), a Costa Rican asset protection company that, according to the complaint, effected pump-and-dump schemes on behalf of its clients and laundered millions of dollars in trading proceeds out of […]

Read More

Barrington man charged in $105M Ponzi scheme

Daniel Spitzer promised his investors a good deal: low risk and sizeable returns if they agreed to put their money into a fund he told them he invested primarily in foreign currency trading, authorities announced today. But instead of investing, Spitzer took most the money he obtained from about 400 people and used it to […]

Read More

Florida Man Sentenced 17 Years for Investment Fraud

A man has been sentenced to 17 years in prison for his role in a Ponzi scheme that scammed more than $14 million from hundreds of Haitian-American investors in South Florida and New Jersey. U.S. District Court Judge Kenneth Marra sentenced 37-year-old Ronnie Bass Jr. of Delray Beach on Friday and ordered him to pay […]

Read More

Downey man who ran a Ponzi scheme for 15 years faces sentencing

Prosecutors are expected to ask a judge today to send a man to prison for 15 years for running a Ponzi scheme that took in about $30 million as well as a scam that preyed on homeowners facing foreclosure. Juan Rangel of Downey, who is already behind bars awaiting sentencing for a 2009 conviction for […]

Read More