The SEC charged Theorem Fund Services LLC with failing to respond to red flags about a fraud involving a private fund and its investors, resulting in the company agreeing to pay a civil penalty of $100,000, disgorgement of $18,000, and prejudgment interest of $4,271.
The SEC has charged Brent Seaman of Florida with fraudulently raising over $35 million from elderly church members with false promises of huge returns on their investments.
The SEC has charged Richard Heart and three unincorporated entities he controls with conducting an unregistered offering of crypto asset securities worth over $1 billion and fraud for misappropriating $12 million of the proceeds for luxury items.
The SEC charged Samuel Masucci and entities he founded with disadvantaging an ETF and misleading trustees to obtain $20 million, resulting in a settlement requiring them to pay a total of $4.4 million.
The SEC has charged Charles Rustin Holzer with insider trading and fined him three times his profits for purchasing DNB stock in undisclosed offshore accounts, while two Cayman Islands-based entities were ordered to disgorge the amount of profits from his trading.
The Securities and Exchange Commission (SEC) obtained a temporary asset freeze, restraining order, and other emergency relief against Digital Licensing Inc., doing business as “DEBT Box”, and its four principals for their fraudulent scheme to sell crypto asset securities to hundreds of U.S. investors that raised approximately $50 million.
The SEC awarded over $100 million to seven whistleblowers who provided documents, sat for interviews and identified potential witnesses, which led to the successful enforcement action.