Securities Lawyer 101 l Brenda Hamilton

Securities Lawyer 101 l Brenda Hamilton

Friday, September 30, 2016

Court Enters Final Judgment Against Lee Vacaro in Fraud Case


On September 16, 2016, the Honorable William J. Martini of the United States District Court for the District of New Jersey entered a judgment against defendant Lee Vaccaro that imposed permanent injunctions and an officer and director bar. The SEC...
https://www.securitieslawyer101.com/?p=35906

Thursday, September 29, 2016

Court Enters Final Judgment Against Saleem Khan and Roshanlal Chaganlal for Insider Trading Scheme


The Securities and Exchange Commission ("SEC") announced on September 21, 2016 that the Honorable Haywood S. Gilliam of the U.S. District Court for the Northern District of California entered a final judgment against defendants Saleem Khan and Ros...
https://www.securitieslawyer101.com/?p=35903

Wednesday, September 28, 2016

Court Enters Final Judgment in Wings Network Pyramid Scheme Case


A federal court in Boston, Massachusetts, recently entered final judgments by consent against six defendants in an ongoing enforcement action filed by the Securities and Exchange Commission ("SEC") in February 2015. The SEC charged two Portuguese com...
https://www.securitieslawyer101.com/?p=35900

Steven Metro Sentenced to 46 Months in Prison for Insider Trading Scheme


On September 14, 2016 Steven Metro, a former Simpson Thacher & Bartlett employee, was sentenced to 46 months in federal prison. Metro previously pleaded guilty to criminal charges arising from his role in a long running insider trading scheme tha...
https://www.securitieslawyer101.com/?p=35897

Monday, September 26, 2016

Stock-Trading Whiz Kid and Company Wealthpire Inc. Charged with Fraud


On September 13, 2016 he Securities and Exchange Commission ("SEC") announced that self-proclaimed “stock trading whiz kid” Manuel Jesus and his stock newsletter company in Los Angeles have agreed to pay nearly $1.5 million to settle charge...
https://www.securitieslawyer101.com/?p=35894

SEC Charges Movie Exec Manu Kumaran


On September 23, 2016, the Securities and Exchange Commission ("SEC") charged Manu Kumaran in connection with Medient Studios and later Moon River Studios. According to the SEC, Kumaran defrauded investors in a purported project to construct t...
https://www.securitieslawyer101.com/2016/sec-charges-manu-kumaran/

Sunday, September 25, 2016

Court Enters Injunction Against Safety Technologies LLC and Its Owner


On September 12, 2016, the Honorable Alvin W. Thompson, a federal judge in the U.S. District Court for the District of Connecticut, entered a preliminary injunction and continued asset freeze by consent against Thomas Connerton and his company, Safet...
https://www.securitieslawyer101.com/?p=35890

Saturday, September 24, 2016

SEC Charges Tycoon Energy Inc and Its President with Running a $5.6 Million Fraud


The Securities and Exchange Commission  ("SEC") charged Tycoon Energy, Inc. and its president, Matthew Dee Nerbonne, with orchestrating an oil and gas fraud. The SEC's complaint, filed on September 9, 2016, in the U.S. District Court for the East...
https://www.securitieslawyer101.com/?p=35887

Friday, September 23, 2016

Pro Basketball Player Defrauded by Investment Advisor Charles Banks


The Securities and Exchange Commission ("SEC") announced on September 12, 2016 that it has charged Atlanta-based investment adviser Charles Augustus Banks, IV with defrauding a former professional basketball player by inducing him to invest in a spo...
https://www.securitieslawyer101.com/?p=35884

Sunday, September 11, 2016

Indicted Guy Gentile Says FBI Double-Crossed Him


Stockbroker Guy Gentile was flying high as 2012 began.  In January, he gave an interview to the Nassau Guardian in which he predicted wild success for his new Bahamas brokerage, SureTrader, a division of Swiss America Securities, Ltd., a firm regu...
https://www.securitieslawyer101.com/2016/guy-gentile-claims-fbi-double-cross/

Saturday, September 10, 2016

Four Fraudsters Charged in Arco Hills Silica Mining Company Scheme


The Securities and Exchange Commission ("SEC") charged Gordon Jenkins, Theodore Sweeten, Francis Kreais and Craig Parkinson with orchestrating an offering fraud involving the sale of interests in a purported mining company, Arco Hills Silica Company...
https://www.securitieslawyer101.com/?p=35795

Guy Gentile Says FBI Double-Crossed Him

Guy Gentile Says FBI Double-Crossed Him

Guy Gentile Claims FBI Double-Crossed Him


Stockbroker Guy Gentile was flying high as 2012 began.  In January, he gave an interview to the Nassau Guardian in which he predicted wild success for his new Bahamas brokerage, SureTrader, a division of Swiss America Securities, Ltd., a firm re...
https://www.securitieslawyer101.com/2016/guy-gentile-claims-fbi-double-cross/

Friday, September 9, 2016

SEC Obtains Emergency Order to Prevent Anthony Buzaneli from Leaving U.S.


On August 26, 2016, Judge Susan Richard Nelson of the District of Minnesota issued an order requiring Anthony Buzaneli to surrender his passports and prohibiting him from leaving the United States until further order of the Court. The order also free...
https://www.securitieslawyer101.com/?p=35777

Thursday, September 8, 2016

Court Enters Final Judgment Against Jilbert Tahmazian in an Antifraud Action


On August 26, 2016, the U.S. District Court for the Central District of California entered a final judgment against Jilbert Tahmazian, an attorney licensed in California, ordering him to pay $196,524 to settle an antifraud action filed by the SEC. ...
https://www.securitieslawyer101.com/?p=35774

Wednesday, September 7, 2016

Donald Watkins and his Companies Charged with Defrauding Investors


The Securities and Exchange Commission ("SEC") charged Alabama attorney Donald Watkins and companies he controls with defrauding professional athletes and other investors out of millions of dollars, much of which he spent on his girlfriend and to cov...
https://www.securitieslawyer101.com/?p=35770

Tuesday, September 6, 2016

Court Enters Final Judgments Against Promotors of Fraud Company Wings Network


On August 31, 2016, a federal court in Boston, Massachusetts, entered final judgments by default against five defendants in an ongoing enforcement action filed by the Securities and Exchange Commission ("SEC") in February 2015. The SEC charged two Po...
https://www.securitieslawyer101.com/?p=35762

Monday, September 5, 2016

SEC Files Complaint Against Dennis Hamilton of Harman International Industries


  On February 5, 2016, the SEC filed a complaint charging Dennis Wayne Hamilton with insider trading in the company's stock and making more than $130,000 in illegal profits by trading on nonpublic information he learned on the job in advance of...
https://www.securitieslawyer101.com/?p=35757

Sunday, September 4, 2016

SEC Charges Enviro Board Corporation and Two Executives with Fraud


On August 26, 2016 the Securities and Exchange Commission ("SEC") charged Enviro Board Corporation and two of its executives with using baseless financial projections and other misleading statements to defraud investors in a venture to manufacture e...
https://www.securitieslawyer101.com/?p=35753

Friday, September 2, 2016

SEC Charges Secured Income Reserve and Former Officers with Fraud


The Securities and Exchange Commission ("SEC") filed fraud charges against Secured Income Reserve, Inc. and three of its former officers alleging that Income Reserve, Ilona Mandelbaum of Palm Beach Gardens, Fla., David Zimmerman of Boca Raton, Fla., ...
https://www.securitieslawyer101.com/?p=35738

SEC Files Subpoena Against Edward Panos and His Wife for Penny Stock Fraud


On August 25, 2016 the Securities and Exchange Commission ("SEC") announced that it filed a subpoena enforcement action in the U.S. District Court for the District of Columbia against Edward Panos and his wife, Allison Panos, and various entities co...
https://www.securitieslawyer101.com/?p=35750

Thursday, September 1, 2016

Cedric Cañas Charged with Insider Trading and Ordered to Pay Over $1.1 Million


  The Securities and Exchange Commission ("SEC") obtained a default judgment against a former high-ranking executive at Madrid-based Banco Santander, S.A. ("Santander") for trading based on material, nonpublic information about a proposed...
https://www.securitieslawyer101.com/?p=35735