Tag Archives: fraud

SEC Cannabis Fund Fraud Charge

On Sep. 5, SEC charged cannabis investment fund and founder. Charged Texas-based investment fund and founder, with defrauding investors By false promises of making massive returns with cannabis-related businesses. Alleged Violations SEC alleged Greenview Investment Partners L.P. and its founder Michael Cone used misleading marketing materials when raising over $3.3mn from investors. Promised investors up…
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DoJ $350mn Cocoa Trade Fraud

On Aug. 13, 2018, DoJ announced sentencing for CEO, of 36-months in prison. As well as 36-month sentence Johnson received a two-year supervised release. Johnson Jnr. and Reich, pled guilty to participation in scheme to commit fraud. Others are scheduled to be sentenced on Sep. 17 and 21, 2018, respectively.  
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SEC Fine IA Mislead Investors

On Jul. 18, SEC charged advisor on risky investments for clients. Temenos Advisory, George Taylor, steered clients into illiquid private offerings. Alleged Violations Used $19mn of clients’ money from elderly investors’, savings, pension plans. Concealed from clients high commissions they took from risky and unsuitable investment recommendations, including cash, ownership in private companies. Fraudulently misled clients…
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CFTC $5.5mn FCM Metals Fraud

On June 13, CFTC charged FCM in $5.5mn precious metal scam. Enforcement action against Omega Knight 2, Aviv Michael Hen, and Erez Hen. Alleged Violations For making false statements to sell leveraged, financed, and fully-paid trades. 90 customers paid total of $5.5mn in connection with these false transactions. Funds paid personal, business expenses and so…
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SEC LI Broker Investment Scam

On May 30, SEC charged broker with defrauding clients up to $8mn. Charged former registered representative with defrauding long-standing brokerage customers in an $8mn investment scam, including senior citizens, misled investors. Alleged Fraud Steven Pagartanis, affiliated with broker dealer, told customers would invest in public traded or private land development companies, promised safe investment returns,.…
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