
Bravo! US court orders Black Banx founder Michael Gastauer to pay over $17 million!
The U.S. Securities and Exchange Commission (SEC) obtained a final judgment against Michael Gastauer, the German founder of the Black Banx scheme, for his role in an international scheme that generated more than $165 million of illegal sales of stock on the U.S. markets in at least 50 microcap companies. He is ordered to pay over $17 million. In 2018, the SEC charged Gastauer and six of his US-based entities with aiding and abetting a vast securities fraud scheme orchestrated by UK citizen Roger Knox.