Tag Archives: Securities and Exchange Commission
- Multi-Billion Dollar Securities Scam Surfacing On LinkedIn
As of November 3, 2011 more than 135 million professionals around the world utilize LinkedIn.com and more than 14 million students and recent college graduates around the world are LinkedIn members as of October 2011 (Source). Many internet users don’t recognized LinkedIn as a major social networking site because users don’t utilize the site daily [...]
- Six Hundred Out Of $74 Million In Ponzi Scheme
Douglas Vaughan faces 10 to 12 years in prison after pleading guilty to wire and mail fraud charges that involved his operation of a “Ponzi” scheme where he defrauded around 600 investors of more than $74 million. Vaughan promised extraordinary returns which he obviously did not follow through with. In February of 2011, in an [...]
- Multi-Million Dollar Stock Fraud Of Signalife
An attorney for South Carolina health care device company, Signalife, was arrested last week at Los Angeles International Airport (LAX) on charges related to his alleged role in a multi-million dollar market manipulation fraud scheme. The indictment charges Mitchell Stein with one count of conspiracy to commit mail fraud and wire fraud, three counts of [...]
- Mitchell Stein, Mass Joinder Lawyer, Charged by SEC in Heart Tronics Scheme Along With Wife
The Securities and Exchange Commission today charged a purported heart monitoring device company and six individuals involved in a series of fraudulent schemes to artificially inflate the company’s stock. Among those charged are a former pro football player, a Hollywood talent agent, and an attorney who masterminded the scheme. The SEC alleges that Heart Tronics [...]
- Elderly Investors Scammed by “Man of God” Fraud
Photo Credit: Tiziano Caviglia Nigerian Citizen and Texas Resident, Samuel LeMaire, was recently sued by the SEC for alleged religious affinity fraud against elderly investors. The lawsuit filed June 7, 2010 by the SEC claims LeMaire presented himself as a “man of God” who intended to start a charitable foundation to help needy Nigerian [...]