Articles Posted in SEC Enforcement Actions

July, 2012: In the Matter of Centaur Management Co. LLC The United States Securities and Exchange Commission (Commission) recently announced the issuance of an Order Instituting Administrative and Cease-and-Desist Proceedings Pursuant to Sections 203(e) and 203(k) of the Investment Advisers Act of 1940, Making Findings, and Imposing Remedial Sanctions and a Cease-and-Desist Order (Order) against…

Securities and Exchange Commission v. 3 Eagles Research & Development LLC, Harry Dean Proudfoot III, Matthew Dale Proudfoot, Laurie Anne Vrvilo and Dennis Ashley Bukantis, Civil Case No. 3:12-cv-01289-ST (D. Oregon, filed July 17, 2012) SEC Charges Family-Run Business Promising Investors Stake in Purported $11 Billion Gold Mine July, 2012: All that glitters is not…

July, 2012: Securities and Exchange Commission v. Aubrey Lee Price, et al. Case No. 1:12-CV-2296 (N.D. Ga. July 2, 2012) SEC FREEZES ASSETS OF MISSING GEORGIA-BASED INVESTMENT ADVISER The Securities and Exchange Commission announced recently that it has obtained a court order freezing the assets of a Georgia-based investment adviser who has apparently gone into…

July, 2012: Securities and Exchange Commission v. Gold Standard Mining Corp. (formerly known as Fluid Solutions Inc.), Panteleimon Zachos, Kenneth G. Eade, Edward Randall Gruber, CPA, and Gruber & Company, LLC, Civil Action No. CV-12-5662 PA (CWx) (C.D. Cal.) SEC CHARGES GOLD STANDARD MINING CORP. AND OTHERS FOR FALSE AND MISLEADING STATEMENTS CONCERNING RUSSIAN GOLD…

Securities and Exchange Commission v. Peter Madoff, 12-Civ-5100 (S.D.N.Y.) SEC CHARGES PETER MADOFF WITH FRAUD AND FALSE STATEMENTS TO REGULATORS June, 2012: Recently, the Securities and Exchange Commission charged Peter Madoff, the brother of Bernie Madoff, with committing fraud, making false statements to regulators, and falsifying books and records in order to create the false…

SEC Charges 14 Sales Agents In $415 Million Long Island-Based Ponzi Scheme June, 2012: The Securities and Exchange Commission recently charged 14 sales agents who misled investors and illegally sold securities for a Long Island-based investment firm at the center of a $415 million Ponzi scheme. The SEC alleges that the sales agents – which…

SEC Shuts Down $42 Million Ponzi-Like Scheme June, 2012: The Securities and Exchange Commission recently announced that it has obtained an emergency court order to halt an alleged Ponzi-like scheme operated by Small Business Capital Corp. and its principal Mark Feathers, who raised $42 million by selling securities issued by Investors Prime Fund LLC and…

Philip A. Falcone and Harbinger Charged with Securities Fraud June, 2012: The Securities and Exchange Commission recently filed fraud charges against New York-based hedge fund adviser Philip A. Falcone and his advisory firm, Harbinger Capital Partners LLC for illicit conduct that included misappropriation of client assets, market manipulation, and betraying clients. The SEC also charged…

Securities and Exchange Commission v. AMMB Consultant Sendirian Berhad, Case no. 1:12-cv-01052 (U.S. District Court for the District of Columbia, filed June 26, 2012) June, 2012: SEC SUES FUND ADVISER FOR FEES CHARGED IN BREACH OF DUTY UNDER THE INVESTMENT COMPANY ACT The Securities and Exchange Commission recently sued AMMB Consultant Sendirian Berhad (AMC), a…

South Florida Broker/Dealer Misconduct FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. June, 2012: The Securities and Exchange Commission recently obtained a temporary restraining order and asset freeze against a Utah man and company charged with operating a real estate-based Ponzi scheme that bilked $100 million from investors nationwide. The SEC’s complaint filed in…