Skip to content

Font size: A- | A | A+

Investor.gov Logo for Print
Press Alt + shift + h then Enter to skip to secondary navigation. Mac users press Control + shift + h

Selected Press Releases

SEC Charges Hedge Fund Managers With Fraud

03/15/2011

Washington, DC, March 15, 2011 – The Securities and Exchange Commission today charged a hedge fund investment advisory firm and its two founders with orchestrating a multi-faceted scheme to defraud clients and failing to comply with fiduciary obligations.Read more

SEC Adds New Charges Against Connecticut-Based Hedge Fund Manager in Ponzi Scheme

03/07/2011

Washington, DC, March 7, 2011 – The Securities and Exchange Commission today amended its complaint against a Stamford, Conn.-based investment adviser and its principal, Francisco Illarramendi, to additionally charge them with engaging in a multi-year Ponzi scheme involving hundreds of millions of dollars.Read more

SEC Obtains Settlement With CEO to Recover Compensation and Stock Profits He Received During Company's Fraud

03/03/2011

Washington, DC, March 3, 2011 – The Securities and Exchange Commission today announced a settlement with the chief executive officer of an Atlanta-based homebuilder to recover several million dollars in bonus compensation and stock profits that he received while the company was committing accounting fraud.Read more

Board Member of Goldman Sachs and Procter & Gamble Charged in Insider Trading Scheme

03/01/2011

Washington, DC, March 1, 2011 – The Securities and Exchange Commission today announced insider trading charges against a Westport, Conn.-based business consultant who has served on the boards of directors at Goldman Sachs and Procter & Gamble for illegally tipping Galleon Management founder and hedge fund manager Raj Rajaratnam with inside information about the quarterly earnings at both firms as well as an impending $5 billion investment by Berkshire Hathaway in Goldman.Read more

SEC Charges Seven in Global Warming Pump-and-Dump Scheme

02/18/2011

Washington, D.C., February 18, 2011 — The Securities and Exchange Commission today charged a group of seven individuals who perpetrated a fraudulent pump-and-dump scheme in the stock of a sham company that purported to provide products and services to fight global warming. Read more