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Selected Press Releases

SEC Charges 10 Individuals in Scheme to Sell Stock in Blank Check Companies Secretly Bound for Reverse Mergers

04/16/2015

The Securities and Exchange Commission today announced fraud charges against 10 individuals involved in a scheme to offer and sell penny stock in undisclosed “blank check” companies bound for reverse mergers while misrepresenting to the public that they were promising startups with business plans. Read more

SEC Halts Investment Scheme Targeting Military Personnel

04/14/2015

The Securities and Exchange Commission today announced fraud charges and an asset freeze against a man living in central Texas accused of telling false tales about his stockbroking experience to lure current and former U.S. military personnel into investing with him. Read more

SEC Halts Microcap Scheme in South Florida

04/09/2015

The Securities and Exchange Commission today announced fraud charges and an asset freeze against the operators of a South Florida-based microcap scheme, including three boiler room brokers caught trying to conceal from investors that they have been barred from the industry.Read more

SEC Obtains Asset Freeze in Ponzi Scheme Involving Loans to Professional Athletes

04/07/2015

The Securities and Exchange Commission today announced fraud charges against a former professional football player and others, alleging they operated a Ponzi scheme that raised more than $31 million from investors who were promised profits from loans to professional athletes. Read more

SEC Charges L.A.-Based Pacific West Capital Group With Fraud in Sale of Life Settlement Investments

04/07/2015

The Securities and Exchange Commission today charged Los Angeles-based Pacific West Capital Group Inc. and its owner Andrew B. Calhoun IV with fraud in the sale of “life settlement” investments. Read more