Category: Securities Manipulation

U.S. shortseller and financial influencer Andrw Left charged by DOJ and SECB
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July 26, 2024

Bad Influencer: Activist Short Seller Charged by DOJ And SEC with $20 Million Market Manipulation Scheme!

A federal grand jury in the U.S. has indicted Andrew Left, a prominent activist short seller, on multiple counts of securities fraud for allegedly orchestrating a long-running market manipulation scheme that netted at least $16 million in profits. Left, 54, is a well-known U.S. securities analyst and trader. Left frequently appeared as a commentator on major cable news channels such as CNBC, Fox Business, and Bloomberg Television. The SEC also filed charges against Left.
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US court supports SEC and its Security Token approachU
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June 2, 2024

U.S. SEC and DOJ Charge Robert Scott Murray and Trillium Capital with Securities Fraud!

The U.S. SEC and the DOJ filed charges against Robert Scott Murray and his private company, Trillium Capital LLC, for allegedly orchestrating a fraudulent scheme to manipulate the stock price of Getty Images Holdings Inc. by announcing a sham offer to purchase the company. Murray has previously held CEO and CFO positions in several publicly traded companies. In a parallel action, Murray pleaded guilty to criminal charges in this context.
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SEC complaint against Roy Cook and others over insider tradingS
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March 13, 2024

SEC Charges: Insider Trading Web Unraveled at Tallgrass Energy

The U.S. (SEC has exposed a nefarious insider trading ring led by Roy Cook, a former board member of Tallgrass Energy LP. This scheme, which involved Cook and four of his close associates, capitalizes on confidential information ahead of a public takeover announcement by Blackstone Infrastructure Partners. The culprits have been ordered to cough up more than $2.2 million in a settlement that encompasses disgorgement, prejudgment interest, and hefty civil penalties.
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FCA apologizes for mistakes in the supervision of collapsed Premier FXG
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February 25, 2024

Goldman Sachs Trader’s Conviction in London: A Signal of FCA’s Renewed Vigilance

In a judgment that has reverberated through the corridors of London's financial district, former Goldman Sachs analyst Mohammed Zina was recently sentenced to 22 months in prison for insider dealing and fraud, as reported by the Financial Times. This case marks a significant milestone for the UK's Financial Conduct Authority (FCA), underscoring its intent to clamp down on financial misconduct with renewed vigor.
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SEC files fraud complaint against social media influencersU
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December 14, 2022

U.S. SEC Charges Charges Eight Twitter Influencers in $100 Million Stock Pump-And-Dump Scheme

Welcome to CyberFinance! The U.S. Securities and Exchange Commission (SEC) announced charges against eight individuals in a $100 million securities fraud scheme in which they used the social media platforms Twitter and Discord to manipulate exchange-traded stocks. According to the SEC, seven of the defendants promoted themselves as successful traders and cultivated hundreds of thousands of followers on Twitter and in stock trading chatrooms on Discord.
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SEC insider investigation into CoinbaseS
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July 26, 2022

SEC Investigation – Is Coinbase Listing Unregistered Securities?

As reported by FinTelegram last week, the U.S. SEC announced insider trading charges against a former Coinbase product manager and two other people. The U.S. DOJ announced the arrest of these individuals. According to Barron's, the case "hinges on a subtle but critical" question of whether some cryptocurrencies listed on Coinbase are actually securities. Consequently, the U.S. Securities and Exchange Commission (SEC) launched a respective probe into Coinbase, Bloomberg reported.
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SEC LogoU
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June 14, 2022

US SEC Filed Insider Trading Charges Against Former Employee Of Online Trading Company!

On 13 June 2022, the U.S. Securities and Exchange Commission (SEC) announced insider trading charges against David Roda, a former software engineer at Penn National Gaming's subsidiary Penn Interactive Ventures, in connection with the parent company's $2 billion acquisition of Toronto-based Score Media and Gaming, Inc. The SEC's complaint alleges that, while employed at Penn Interactive, Roda was given confidential information about the planned acquisition to generate more than a half-million-dollar in unlawful profits.
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The Israeli Snitching Game around Gery ShalonF
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May 13, 2022

Former Canadian Star Money Manager David Singh Sentenced To 3.5-Years Prison Term!

In the 1990s, Fortune Financial Management Corp managed more than $7-billion in client assets and was once one of Canada’s largest financial planning companies. Its founder, David Singh, a money manager and personal finance author, has been sentenced to a 3.5-year prison term. Additionally, he was ordered to pay more than $4.8 Mio in restitution payments. Ontario Justice Mara Greene found that Singh had defrauded dozens of investors who were told their money would be used to fund residential mortgages. Singh sold Fortune to Dundee Wealth Management in 1999.
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SEC files complaint against Moshe Strugano and Rinat GazitS
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April 25, 2022

Sunset! US SEC filed a complaint against Israeli lawyer Moshe Strugano for alleged insider trading!

FinTelegram recently reported about the US indictment against the Israeli lawyer Moshe Strugano charging him with securities fraud and insider trading. In parallel, the SEC filed a complaint against him and his alleged Israeli co-conspirator Rinat Gazit. The agency claims that both have performed an insider trading coup in 2017 and 2018 around the public-listed US company Ormat Technologies, Inc. Gazit worked as the Head of Mergers and Acquisitions for Ormat and allegedly tipped off Strugano. They allegedly made $1.2 million in profits via Struganov's offshore entity.
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US trial against Serbian boiler room operators and binary options fraudstersF
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April 23, 2022

Finally! US Prosecutors charge notorious Israeli lawyer Moshe Strugano with securities fraud!

Israeli lawyer Moshe Strugano, 52, is a greedy man always looking for more money. He was one of the facilitating lawyers of the fraudulent Israeli binary options scene. Scammers like Yossi Herzog, Kobi Cohen, Lee Elbaz, David Cartu, et al have run dozens of binary options scams worldwide, defrauding tens of thousands of consumers out of hundreds of millions. They could not have done this without the support of lawyers like Moshe Strugano. The US prosecutors charged him with conspiracy to commit securities fraud and securities fraud and sought his extradition from Israel.
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WallStreetBets Reddit TradersL
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January 28, 2021

Let’s do some pumps! How Reddit traders defeated Wall Street short-sellers

GameStop, a rather old-fashioned company that sells physical copies of video games in shops in dying malls, is currently the hottest stock in the United States, a “meme stock.” The GameStop microstock listed on the NYSE is at the center of small investors' battle organizing via Reddit against institutional Wall Street short-sellers. The share price jumped from $4 last summer to $20 at the end of 2020, to $40 two weeks ago. At the time of publishing, it is worth $126, resulting in a market capitalization of more than $8B. Already down from $400 and $28B, respectively.
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February 5, 2020

Investor Alert – Canadian Richmond Minerals and Austrian Silbermine

Toronto registered Richmond Minerals Inc. is a mining company listed on the Canadian TSX-V. The company is a micro-cap listed on the stock exchange and..
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