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SEC Sanctions Database

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42.5881 -71.2984

211 Ventures, LLC, Robert S. Anderson

Fraudulent promotion and sale of fictitious financial instruments and trading platforms. The penalties included over $2.3 million in disgorgement in addition to prejudgment interest and civil penalties.

Defendants:
211 Ventures, LLC
Robert S. Anderson
Sanction Amount:
$2,367,795
Violation
Offering Fraud
Key Docs
Official SEC press release
28.039 -81.9575

A&O Investments LLC, Edward A. Allen, David L. Olson

Criminal and civil charges (securities fraud, mail fraud, wire fraud and conspiracy) for defendants alleged involvement in a $14 million real estate fraud. Part of the fraud involved a Ponzi Scheme where as defendants were using investments to pay interest and repayments of other investor's requests.

Defendants:
A&O Investments LLC
Edward A. Allen, David L. Olson
Sanction Amount:
$11,076,480
Violation
Offering Fraud
Key Docs
Official SEC press release
40.7539 -73.981

A.R. Schmeidler & Co., Inc.

The Commission accepted an Offer of Settlement from AIR. Schneider & Co., Inc. where it was alleged the company violated Sections 206(2), 206(4) and 206(4)-7 of the Advisers Act by failing to conduct a sufficient best execution analysis.

Defendants:
A.R. Schmeidler & Co., Inc.
Sanction Amount:
$1,011,565
Violation
Trading and Pricing
Key Docs
Official SEC press release
57.7144 11.9245

AB Volvo

The Commission filed charges against AB Volvo alleging that from 1999 through 2003, "two of AB Volvo's subsidiaries and their agents and distributors made approximately $6,206,331 in kickback payments, and authorized additional payments of $2,388,419 in connection with their sales of humanitarian goods to Iraq under the United Nations Oil for Food Program."

Defendants:
AB Volvo
Sanction Amount:
$12,602,649
Violation
Foreign Corrupt Practices Act
Key Docs
Official SEC press release
47.4113 8.5416

ABB Ltd.

ABB Ltd. participated in a bribery scheme whereby it paid kickbacks to officials in Mexico and Iraq to assist it with gaining future contracts. ABB agreed to pay $39 million in disgorgement and civil penalties.

Defendants:
ABB Ltd.
Sanction Amount:
$39,314,262
Violation
Foreign Corrupt Practices Act
Key Docs
Official SEC press release
0 0

ABB Ltd.

The Commission charged ABB Ltd. "with violating the anti-bribery, books-and-records, and internal-accounting-controls provisions of the Foreign Corrupt Practices Act" for making illegal payments to officials in Nigeria, Angola and Kzakstahn.

Defendants:
ABB Ltd.
Sanction Amount:
$5,900,000
Violation
Foreign Corrupt Practices Act
Key Docs
Official SEC press release
52.337 4.87479

ABN Amro Bank, N.V.

The Commission accepted an Offer of Settlement from ABN Amro Bank, N.V.. Tithe Bank had solicited and effected transactions in securities from U.S. residents without registering as a broker-dealer or a investment advisor.

Defendants:
ABN Amro Bank, N.V.
Sanction Amount:
$5,547,408
Violation
Trading and Pricing
Key Docs
Official SEC press release
47.6179 -122.194

Absolutefuture.com, Berkshire Capital Partners, Inc., Commonwealth Associates, Ltd., Dottenhoff Financial, Ltd., Galton Scott & Gollett, Inc., Zimenn Importing and Exporting, Inc., Commonwealth Partners NY, LLC, Exchange Bank & Trust, Inc., Edward

A default judgment was entered against nine defendants based on allegations that they engaged in a scheme to manipulate the price of Absolutefuture.com's share price with the intent to profit off the manipulation. In addition to enjoining the defendants from further violations of securities laws and over $23 million in disgorgement, pre-judgment interest and civil fines.

Defendants:
Absolutefuture.com, Berkshire Capital Partners, Inc., Commonwealth Associates, Ltd., Dottenhoff Financial, Ltd., Galton Scott & Gollett, Inc., Zimenn Importing and Exporting, Inc., Commonwealth Partners NY, LLC, Exchange Bank & Trust, Inc.
Edward A. Durante, Roger M. DeTrano
Sanction Amount:
$20,887,462
Violation
Market Manipulation
Key Docs
Official SEC press release
47.6179 -122.194

Absolutefuture.com, Wamex Holdings, Inc., Oriental New Investments, Ltd., Orienstar Finance, Ltd., Alfred Peeper

A default judgment was entered against three defendants based on allegations that they engaged in a scheme to manipulate the price of Absolutefuture.com's share price with the intent to profit off the manipulation. In addition to enjoining the defendants from further violations of securities laws and over $21 million in disgorgement, pre-judgment interest and civil fines.

Defendants:
Absolutefuture.com, Wamex Holdings, Inc., Oriental New Investments, Ltd., Orienstar Finance, Ltd.
Alfred Peeper
Sanction Amount:
$14,873,428
Violation
Market Manipulation
Key Docs
Official SEC press release
25.9286 -80.1874

Ace Payday Plus, LLC, Ace Payday Plus II, LLC, Ace Payday Management, Inc., Ace Management, LLC, James Bianco, Rosalind Portman Bianco

The district court for the Southern District of Florida entered final judgments against the defendants for fraudulently offering and selling securities. In addition to enjoining defendants from further violations of securities laws and over $2.6 million in disgorgements, pre-judgment interest and civil fines.

Defendants:
Ace Payday Plus, LLC, Ace Payday Plus II, LLC, Ace Payday Management, Inc., Ace Management, LLC
James Bianco, Rosalind Portman Bianco
Sanction Amount:
$2,590,957
Violation
Offering Fraud
Key Docs
Official SEC press release
39.6124 -104.893

Adelphia Communications Corporation, John J. Rigas, Timothy J. Rigas, Michael J. Rigas, James P. Rigas

The Commission and the U.S. Attorney's Office for the S.D.N.Y. reached an agreement to settle civil and criminal penalties against Aldephia Communications Corporation, its founder and senior executives. Under the agreement the defendants agreed to disgorge $1.5 billion in profits stemming from fraudulent conduct and to pay $715 million to a victims fund.

Defendants:
Adelphia Communications Corporation
John J. Rigas, Timothy J. Rigas, Michael J. Rigas, James P. Rigas
Sanction Amount:
$715,000,000
Violation
Financial Fraud
Key Docs
Official SEC press release
25.7739 -80.1942

Admiral Investments Ltd., Compulink International Corp., Drawbridge Investments Ltd., Glittergrove Investments Ltd., Grafton Investments Ltd., Greeford Investments, Ltd., McDonalds Ltd., Oasis Enterprises Ltd., Investor Relations, Inc., Tellerstock, Inc.,

The district court for the Southern District of Florida entered final judgment against the defendants finding they "had engaged in fraud and deceit by participating in a market manipulation that resulted in millions of dollars in losses to unwitting investors, and could not have occurred but for defendants' active involvement and knowledge." In addition to enjoining the defendants from further violations of the securities laws, the Court order the defendants to pay almost $2 million in disgorgement, pre-judgment interest and civil fines.

Defendants:
Admiral Investments Ltd., Compulink International Corp., Drawbridge Investments Ltd., Glittergrove Investments Ltd., Grafton Investments Ltd., Greeford Investments, Ltd., McDonalds Ltd., Oasis Enterprises Ltd., Investor Relations, Inc., Tellerstock, Inc., Conversant Enterprises, Inc., EFI Corp. a/k/a Electronic Funds, Inc., Barclay Bankard, Inc., Canyon Vista Corp., Salteaux Ltd. a/k/a/ First American Security Corp. a/k/a First American Securities Corp., Hannah G. Irrevocable Trust, Hannah R. Trust
Sanction Amount:
$8,780,000
Violation
Market Manipulation
Key Docs
Official SEC press release
41.5206 -71.2902

Advanced Financial Services, Inc., Larry W. Tyler

The Commission announced a settlement with defendants settling charges that defendants fraudulently induced elder victims into buying falsely marketed securities which were in reality viatical agreements that could not live up to defendants' assurances. In addition enjoining defendants from further violations of securities laws, defendants agreed to pay nearly $8 million in disgorgement, interest and civil penalties.

Defendants:
Advanced Financial Services, Inc.
Larry W. Tyler
Sanction Amount:
$1,796,000
Violation
Offering Fraud
Key Docs
Official SEC press release
34.0175 -84.1647

AGCO Corporation

The Commission filed charges against the Company alleging the Company made illegal payments to Iraq under the United Nations Oil-For-Food Program. The Complaint alleged the Company paid $5.6 million in kick-back payments.

Defendants:
AGCO Corporation
Sanction Amount:
$18,307,393
Violation
Foreign Corrupt Practices Act
Key Docs
Official SEC press release
46.2837 -118.949

AirTrac, Inc., Clarence Friend

The U.S. District Court for the Central District of California granted the Commission's motion for summary judgment against defendants. The Commission had alleged that the defendants sold $1.8 million in unregistered securities for AirTrac, Inc. In addition to enjoining defendants from future violations of securities laws, the defendants were ordered to disgorge the ill-gotten money, and pay pre-judgment interest and civil penalties.

Defendants:
AirTrac, Inc.
Clarence Friend
Sanction Amount:
$2,426,898
Violation
Offering Fraud
Key Docs
Official SEC press release
52.3406 4.87033

Akzo Nobel, N.V.

The Commission filed charges against Akzo Nobel, N.V. alleging the Company made illegal payments to Iraq under the United Nations Oil-For-Food Program. The Company agreed to pay over $2.9 million in fines and penalties.

Defendants:
Akzo Nobel, N.V.
Sanction Amount:
$2,981,513
Violation
Foreign Corrupt Practices Act
Key Docs
Official SEC press release
41.0547 -73.5381

Aladdin Capital LLC, Aladdin Capital Management LLC

The Commission accepted an Offer of Settlement from Aladdin Capital LLC and Aladdin Capital Management where it was alleged the company violated Section 17(a)(2) of the Investment Act and Section 206(2) of the Advisers Act.

Defendants:
Aladdin Capital LLC, Aladdin Capital Management LLC
Sanction Amount:
$1,618,831
Violation
Offering Fraud
Key Docs
Official SEC press release
39.0941 -87.4067

Alanar, Inc., Vaughn A. Reeves, Sr., Vaughn A. Reeves, Jr., Jonathan Christopher Reeves, Joshua Craig Reeves

The district court for the Southern District of Indiana entered final judgments against the defendants after the Commission alleged the defendants "sold church bonds and units of related bond funds to investors by appealing to the investors' Christian faith and then misused the proceeds from the sales by using the proceeds in ways not disclosed to investors." In addition to enjoining the defendants from further violating the securities laws the defendants were ordered to pay over $7.5 million in disgorgement, pre-judgment interest and civil fines.

Defendants:
Alanar, Inc.
Vaughn A. Reeves, Sr., Vaughn A. Reeves, Jr., Jonathan Christopher Reeves, Joshua Craig Reeves
Sanction Amount:
$7,884,434
Violation
Offering Fraud
Key Docs
Official SEC press release
48.8564 2.29344

Alcatel-Lucent, S.A.

Alcatel-Lucent, S.A. agree to settle charges with the Commission that the Company violated the Foreign Corrupt Practices Act by agreeing to pay bribes to foreign officials in order to conduct business in that officials lands. In addition to agreeing to the injunction preventing them from further violations of the securities laws and agreed to pay more than $137 million in disgorgement, interest and fines.

Defendants:
Alcatel-Lucent, S.A.
Sanction Amount:
$45,372,000
Violation
Foreign Corrupt Practices Act
Key Docs
Official SEC press release
32.9897 -96.8332

Alex Dowlatshahi, Christopher Mills, Robert Wilson, Lucrative Enterprises Corp., Synergetic Solutions LLC, Integrity Driven Network Corp., Darius Assets Holding Corp.

The district court for the Northern District of Northern Texas ordered final judgments against defendants based on the Commission's allegations that the defendants made false and misleading statements regarding the value of China Voice thereby defrauding the Company's investors. In addition to enjoining the defendants from future violations of securities laws, defendants were ordered to pay over $1.15 million in disgorgement, interest and civil fines.

Defendants:
Lucrative Enterprises Corp., Synergetic Solutions LLC, Integrity Driven Network Corp., Darius Assets Holding Corp.
Alex Dowlatshahi, Christopher Mills, Robert Wilson
Sanction Amount:
$2,665,486
Violation
Offering Fraud
Key Docs
Official SEC press release
35.3892 -119.149

Alliance Industries, Peter H. Norman, Donald A. Baillargeon

Defendants "engaged in various fraudulent acts that resulted, among other things, in the manipulation of the price of the common stock of Alliance, a financially troubled company engaged in housing development and construction" including making false and misleading statements regarding the Company's underlying performance.

Defendants:
Alliance Industries
Peter H. Norman, Donald A. Baillargeon
Sanction Amount:
$2,246,661
Violation
Market Manipulation
Key Docs
Official SEC press release
42.365 -71.061

Allocation Plus Asset Management Co., Inc, Bradford C. Bleidt

Defendant operated a one victim Ponzi Scheme where he misappropriated his client's investment funds and was discovered only when he did not have sufficient funds to cover his client's withdrawal request.

Defendants:
Allocation Plus Asset Management Co., Inc
Bradford C. Bleidt
Sanction Amount:
$41,231,746
Violation
Offering Fraud
Key Docs
Official SEC press release
0 0

Al-Raya Investment Company, KIPCO Asset Management Company (KAMCO), Waleed Khalid Al-Braikan, Harzem Al-Braikan

Defendant organized and publicized a fraudulent takeover scheme for two major corporations in which he help options positions. Defendant profited as the news of the fraudulent takeover schemes pumped up the share price of the supposed takeover targets and defendant exercised his options.

Defendants:
Al-Raya Investment Company, KIPCO Asset Management Company (KAMCO)
Waleed Khalid Al-Braikan, Harzem Al-Braikan
Sanction Amount:
$6,528,729
Violation
Market Manipulation
Key Docs
Official SEC press release
41.7332 -72.7447

American Commercial Financial Corporation (ACFC), Mildred K. Miller, Kevin J. Morrison

Defendant received more than $4.7 million in improperly embezzled assets via a fraudulent relationship with ACFC.

Defendants:
American Commercial Financial Corporation (ACFC)
Mildred K. Miller, Kevin J. Morrison
Sanction Amount:
$4,927,171
Violation
Financial Fraud
Key Docs
Official SEC press release
33.5283 -112.099

American Elder Ground, LLC, John E. Tencza, Michael E. Kelly

Defendants sold fraudulent "Universal Leases" in the form of expensive time share agreements that promised investors a high and fixed return rate that was wholly unsustainable.

Defendants:
American Elder Ground, LLC
John E. Tencza, Michael E. Kelly
Sanction Amount:
$3,140,920
Violation
Offering Fraud
Key Docs
Official SEC press release
25.9528 -80.1435

American Financial Group of Aventura, Inc., David H. Siegel, Edward M. Chism, Sr.

Defendant sold securities falsely based on fractionalized shares in allegedly "over-collateralized with restricted stock."

Defendants:
American Financial Group of Aventura, Inc.
David H. Siegel, Edward M. Chism, Sr.
Sanction Amount:
$3,287,160
Violation
Offering Fraud
Key Docs
Official SEC press release
40.7091 -74.0065

American Healthcare Providers, Inc., Arthur W. Wheeler, Lars M. Kram, Angel L. Lorie Jr., Luis F. Lorie, Michael Anthony Lester

Defendants released false press reports and business update to drive up the price of an entirely fraudulent business and then sold their shares in that fraudulent business once the price was high enough.

Defendants:
American Healthcare Providers, Inc.
Arthur W. Wheeler, Lars M. Kram, Angel L. Lorie Jr., Luis F. Lorie, Michael Anthony Lester
Sanction Amount:
$1,933,632
Violation
Market Manipulation
Key Docs
Official SEC press release
40.7064 -74.0077

American International Group, Inc. (AIG)

AIG purposely misrepresented its reserves by $500 million in order to stave off market criticism that its reserves were dwindling and therefore affecting the overall value of the Company.

Defendants:
American International Group, Inc. (AIG)
Sanction Amount:
$800,000,000
Violation
Financial Fraud
Key Docs
Official SEC press release
40.7064 -74.0077

American International Group, Inc. (AIG)

AIG falsely marketed an investment vehicle to other public company as operating within GAAP regulations though the investment vehicle never was valid under GAAP.

Defendants:
American International Group, Inc. (AIG)
Sanction Amount:
$46,366,000
Violation
Financial Fraud
Key Docs
Official SEC press release
41.2761 -73.1283

American Skandia Investment Services, Inc.

American Skandia failed to investigate complaints from its sub-distributors that market timing was damaging the value of the Company in the short and long run.

Defendants:
American Skandia Investment Services, Inc.
Sanction Amount:
$68,000,000
Violation
Trading and Pricing
Key Docs
Official SEC press release
31.557 -97.132

American-Amicable Life Insurance Company of Texas, Pioneer American Insurance Company, Pioneer Security Life Insurance Company

Defendants sold fraudulent and unnecessary life insurance policies to senior military personnel who not only did not need the coverage but were also misled into buying the insurance as a high return investment.

Defendants:
American-Amicable Life Insurance Company of Texas, Pioneer American Insurance Company, Pioneer Security Life Insurance Company
Sanction Amount:
$10,000,000
Violation
Offering Fraud
Key Docs
Official SEC press release
39.7407 -75.6233

Americredit Commercial Corporation, Law Offices of Gottlieb and Associates, P.C., Finanzurich, Limited, Allen B. Gottlieb, Kenneth R. Lagonia, Patrick J. Madden

Defendant fraudulently promoted and sold securities linked to "so-called prime bank instruments that were purportedly traded by the world's largest banks on a secretive international market"

Defendants:
Americredit Commercial Corporation, Law Offices of Gottlieb and Associates, P.C., Finanzurich, Limited
Allen B. Gottlieb, Kenneth R. Lagonia, Patrick J. Madden
Sanction Amount:
$4,683,776
Violation
Offering Fraud
Key Docs
Official SEC press release
42.3783 -71.1242

Andrey C. Hicks, Locust Offshore Management, LLC

Quantitative hedge fund manager mislead investors about his college pedigree, his career history and his previous investment successes. Manager also diverted $2.7 million of investors' funds into his own account.

Defendants:
Locust Offshore Management, LLC
Andrey C. Hicks
Sanction Amount:
$7,536,174
Violation
Offering Fraud
Key Docs
Official SEC press release
40.91 -74.2458

Anscott Industries, Inc., Robert M. Esposito, Gregory A. King, Jack R. Belluscio

Company gave Esposito 4 million shares of a penny stock company to "tout" an upcoming reverse merger. In so doing, Esposito made material false and misleading statements and then sold his shares when the price was artificially inflated due to his false and misleading statements.

Defendants:
Anscott Industries, Inc.
Robert M. Esposito, Gregory A. King, Jack R. Belluscio
Sanction Amount:
$20,458,764
Violation
Market Manipulation
Key Docs
Official SEC press release
41.8847 -87.6271

Aon Corporation

AON profited by making illegal payments to numerous foreign states in violation of the Foreign Corrupt Practices Act. The illegal payments were made in two forms: "i) training, travel, and entertainment provided to employees of foreign government-owned clients and third parties; and (ii) payments made to third-party facilitators."

Defendants:
Aon Corporation
Sanction Amount:
$14,545,020
Violation
Foreign Corrupt Practices Act
Key Docs
Official SEC press release
0 0

Apparo Mukkamala, Suresh Anne, Jitendra Prasad Katneni, Rao A.K. Yalamanchili, Mallikarjunarao Anne

Defendant physician learned of material non-public information regarding the upcoming acquisition of an insurance company. Defendant physician shared this information with other physicians and subsequently bought shares in the target company based on the material non-public information.

Defendants:
Apparo Mukkamala, Suresh Anne, Jitendra Prasad Katneni, Rao A.K. Yalamanchili, Mallikarjunarao Anne
Sanction Amount:
$1,901,000
Violation
Trading and Pricing
Key Docs
Official SEC press release
52.4717 -1.92611

Arbor Securities Ltd., Financial Links, Inc., TradeTek Ltd., Commonwealth Financial Holdings, Inc., T. Gene Gilman, Steven A. Gilman

Defendant represented to investors that he was establishing offshore brokerage accounts that he would use to trade in public companies on behalf of investors. Instead, defendant placed investors' funds in on-shore bank accounts and created fake account statements to mislead his investors.

Defendants:
Arbor Securities Ltd., Financial Links, Inc., TradeTek Ltd., Commonwealth Financial Holdings, Inc.
T. Gene Gilman, Steven A. Gilman
Sanction Amount:
$26,306,847
Violation
Offering Fraud
Key Docs
Official SEC press release
34.7113 -82.2553

Archie Paul Reynolds, Success Trust

Defendant made material false and misleading statements to investors regarding his own investment success and the success and strength of the investment vehicle. Defendant also made false and misleading statements regarding payments he was making as servicing fees.

Defendants:
Success Trust
Archie Paul Reynolds
Sanction Amount:
$4,871,625
Violation
Offering Fraud
Key Docs
Official SEC press release
30.4797 -81.6602

Armor Holdings, Inc.

Defendant company made illegal payments to United Nations officials in order to obtain contracts for armored safety products to be used in U.N. peace keeping missions.

Defendants:
Armor Holdings, Inc.
Sanction Amount:
$5,690,744
Violation
Foreign Corrupt Practices Act
Key Docs
Official SEC press release
0 0

Arthur L. Toll, Bruce B. Edmondson, Gerald Levinson, Elliot S. Fisher

Defendants made material false and misleading statements regarding the issuing of debentures to be used for the purchase of 900 - number business operations. Defendants also used personal funds to make it appear as if they were paying back monies that were lent to the company.

Defendants:
Arthur L. Toll, Bruce B. Edmondson, Gerald Levinson, Elliot S. Fisher
Sanction Amount:
$2,208,320
Violation
Financial Fraud
Key Docs
Official SEC press release
42.9982 -88.1253

Asset Recovery and Management Trust, Milton J. Vaughn

Defendant created an investment vehicle that preyed on victims of the prime banking scheme by claiming he had established off-shore funds intended to recoup monies lost in the prime banking collapse.

Defendants:
Asset Recovery and Management Trust
Milton J. Vaughn
Sanction Amount:
$5,850,302
Violation
Offering Fraud
Key Docs
Official SEC press release
40.7078 -74.0089

Assurant, Inc.

Defendant overstated its earnings by intentionally failing to properly account for a large payment received in the aftermath of the 2004 hurricane season.

Defendants:
Assurant, Inc.
Sanction Amount:
$3,500,000
Violation
Financial Fraud
Key Docs
Official SEC press release
37.7935 -122.403

Aurora Foods, Inc., Ian R. Wilson, Ray Chung, M. Laurie Cummings, Dirk Grizzle, Timothy B. Andersen, Tammy Fancelli, James Elliott

Defendants purposely under-represented the defendant company's marketing expenses (as much as $43 million at one point) which materially mislead investors about the defendant company's value.

Defendants:
Aurora Foods, Inc.
Ian R. Wilson, Ray Chung, M. Laurie Cummings, Dirk Grizzle, Timothy B. Andersen, Tammy Fancelli, James Elliott
Sanction Amount:
$1,264,000
Violation
Financial Fraud
Key Docs
Official SEC press release
41.8765 -87.6315

Automated Trading Desk Specialists, LLC, E*Trade Capital markets LLC, Melvin Securities, LLC, Melvin & Company, LLC, Sydan, LP, Tradelink, LLC

Defendant Chicago stock exchange traders made good on proprietary trades prior to customer trades which resulted in the defendants earning more money at the expense of their clients.

Defendants:
Automated Trading Desk Specialists, LLC, E*Trade Capital markets LLC, Melvin Securities, LLC, Melvin & Company, LLC, Sydan, LP, Tradelink, LLC
Sanction Amount:
$42,300,000
Violation
Trading and Pricing
Key Docs
Official SEC press release
37.8812 -122.185

AXA Rosenberg Group, LLC (ARG), AXA Rosenberg Investment Management LLC (ARIM), Barr Rosenberg Research Center LLC (BRRC)

Defendant quantitative investment fund concealed a material flaw in their electronic trading platform that resulted in a $217 million loss to investors.

Defendants:
AXA Rosenberg Group, LLC (ARG), AXA Rosenberg Investment Management LLC (ARIM), Barr Rosenberg Research Center LLC (BRRC)
Sanction Amount:
$242,000,000
Violation
Financial Fraud
Key Docs
Official SEC press release
40.9911 -74.3404

Ayuda Equity Funding, LLC, AmeriFund Capital Holdings, LLC, Manuel M. Bello

Defendants engaged in an illegal stock lending scheme where they would loan money to corporate officers and would receive shares as collateral. Defendants then turned around and sold the shares soon after closing the loan.

Defendants:
Ayuda Equity Funding, LLC, AmeriFund Capital Holdings, LLC
Manuel M. Bello
Sanction Amount:
$3,700,000
Violation
Trading and Pricing
Key Docs
Official SEC press release
29.7399 -95.4422

Baker Hughes Incorporated, Roy Fearnley

Defendants violated the books and records and internal controls provisions of the Foreign Corrupt Practices Act by illegally lending money to agents acting as government officials from Nigeria, Angola, Indonesia, Russia, Uzbekistan and Kazakhstan.

Defendants:
Baker Hughes Incorporated
Roy Fearnley
Sanction Amount:
$33,078,015
Violation
Foreign Corrupt Practices Act
Key Docs
Official SEC press release
42.355 -71.056

Banc of America Capital Management, LLC, Banc of America Capital Distributors, LLC, Banc of America Securities, LLC

Defendants engaged in an illegal market-timing scheme in order to benefit large investor clients on certain trades at the expense of smaller investors.

Defendants:
Banc of America Capital Management, LLC, Banc of America Capital Distributors, LLC, Banc of America Securities, LLC
Sanction Amount:
$375,000,000
Violation
Trading and Pricing
Key Docs
Official SEC press release
35.2275 -80.842

Banc of America Securities LLC, Banc of America Investment Services, Inc.

The settlement resulted from Bank of America's sale of auction rate securities to small business, charities and individual investors once the true value of the auction rate securities was learned and the market for the instruments collapsed.

Defendants:
Banc of America Securities LLC
Sanction Amount:
$4,500,000,000
Violation
Offering Fraud
Key Docs
Official SEC press release
35.2275 -80.842

Bank of America Corporation

Settlement arising out of Bank of America's purchase of Merrill Lynch. BOA failed to disclose the amount of ML's bonuses and pay packages when seeking approval of the ML takeover.

Defendants:
Bank of America Corporation
Sanction Amount:
$150,000,000
Violation
Financial Fraud
Key Docs
Official SEC press release
35.2275 -80.842

Bank of America Corporation

The Commission charged Bank of America for misleading investors related to BOA's purchase of Merrill Lynch. BOA failed to disclose the amount of ML's bonuses and pay packages when seeking approval of the ML takeover.

Defendants:
Bank of America Corporation
Sanction Amount:
$33,000,000
Violation
Financial Fraud
Key Docs
Official SEC press release
37.4415 -122.153

Barton Asset Management, LLC, TwinSpan Capital Management, LLC, Frederick J. Barton

Defendant was convicted of swindling almost $1 million from an investor client that had developed Alzheimer's disease. Defendant was also convicted of swindling 10 investors out of millions of dollars for a fraudulent offering scheme.

Defendants:
Barton Asset Management, LLC, TwinSpan Capital Management, LLC
Frederick J. Barton
Sanction Amount:
$4,355,111
Violation
Offering Fraud
Key Docs
Official SEC press release
37.9448 -122.506

Baystar Capital Management LLC, Lawrence R. Goldfarb

Defendant operated a hedge fund and used an illicit side-pocket account to hide and eventually steal his investors money by diverting those side pocket funds into an account only he had access. Defendant hid his activities with false and misleading account statements.

Defendants:
Baystar Capital Management LLC
Lawrence R. Goldfarb
Sanction Amount:
$14,209,787
Violation
Offering Fraud
Key Docs
Official SEC press release
40.7172 -74.3594

Beacon Hill Asset Management LLC, Beacon Hill Master, Ltd., Bristol Fund, Ltd., Safe Harbor Fund, L.P., Safe Harbor Asset Management, LLC, Milestone Plus Partners, L.P., Milestone Global Advisors, L.P., John D. Barry, Thomas P. Daniels, John M. Irwin, Mar

Defendants operated a hedge fund that was made up of a master fund and three feeder funds. During the summer of 2002 the master of the master fund began to crater, rather than facing the music defendants began misrepresenting the value of the securities in the feeder funds in order to falsely prop up the value of the master fund. Defendants also made a very large bet on interest rates moving in an attempt to safe the fund without ever disclosing this wager to investors.

Defendants:
Beacon Hill Asset Management LLC, Beacon Hill Master, Ltd., Bristol Fund, Ltd., Safe Harbor Fund, L.P., Safe Harbor Asset Management, LLC, Milestone Plus Partners, L.P., Milestone Global Advisors, L.P.
John D. Barry, Thomas P. Daniels, John M. Irwin, Mark P. Miszkiewicz, Nancy Daniels, Marie Irwin, Ellen Lynch, Jennifer Tindell
Sanction Amount:
$4,400,000
Violation
Financial Fraud
Key Docs
Official SEC press release
40.7545 -73.9745

Bear Stearns & Co., Inc., Bear Stearns Corp.

Bear Stearns engaged in a long-running and undisclosed market timing scheme that benefitted its large institutional investors at the expense of its smaller and long-term investors.

Defendants:
Bear Stearns & Co., Inc., Bear Stearns Corp.
Sanction Amount:
$250,000,000
Violation
Trading and Pricing
Key Docs
Official SEC press release
39.9506 -75.1692

Benchmark Asset Managers LLC, Harvest Managers LLC, Sam Otto Folin

Defendants operated a fund that guaranteed investors they would invest their funds into "socially responsible" public companies (i.e., no tobacco or alcohol related companies) but instead diverted some of those funds to pay off investors in other funds.

Defendants:
Benchmark Asset Managers LLC, Harvest Managers LLC
Sam Otto Folin
Sanction Amount:
$11,810,797
Violation
Offering Fraud
Key Docs
Official SEC press release
28.7624 -81.3659

Berkshire Resources L.L.C., Berkshire (401), L.L.P., Berkshire 2006-5, L.L.P., Passmore-5, L.L.P., Gueydan Canal 28-5, L.L.P., Gulf Coast Development #12 L.L.P., Drilling Deep In The Louisiana Water, J.V.

Defendants sold $15 million worth of unregistered and fraudulent securities in the form of "units of participation."

Defendants:
Berkshire Resources L.L.C., Berkshire (401), L.L.P., Berkshire 2006-5, L.L.P., Passmore-5, L.L.P., Gueydan Canal 28-5, L.L.P., Gulf Coast Development #12 L.L.P., Drilling Deep In The Louisiana Water, J.V.
Sanction Amount:
$16,255,847
Violation
Offering Fraud
Key Docs
Official SEC press release
39.7196 -104.958

Big 5 Asset Management, LLC (Big 5), H. Clayton Peterson (Drew Peterson), Drew K. Brownstein (Brownstein)

Defendant learned of an upcoming takeover at a board meeting for the acquiring company and instructed his defendant son to purchase shares in the target company. Defendant son used the material non-pubic information to trade in his own accounts, his families accounts and his investing club's accounts.

Defendants:
Big 5 Asset Management, LLC (Big 5)
H. Clayton Peterson (Drew Peterson), Drew K. Brownstein (Brownstein)
Sanction Amount:
$5,067,711
Violation
Trading and Pricing
Key Docs
Official SEC press release
0 0

Big Country Ags, Inc. d/b/a Ags, Inc., Africa Gemstone Corporation, Godfried Martin Sarpong, Mark Tuley, Ardis Gaither, John Temple

Defendants raised over $1.3 million by selling unregistered securities in the form of promissory notes to investors across several states. The defendants made false and misleading statements to the investors involving the safety and security of the investment, as well as the promised return rate.

Defendants:
Big Country AGS, Inc. d/b/a AGS, Inc., Africa Gemstone Corporation
Godfried Martin Sarpong, Mark Tuley, Ardis Gaither, John Temple
Sanction Amount:
$2,202,094
Violation
Offering Fraud
Key Docs
Official SEC press release
33.8745 -84.2356

Bingham Capital Management Corporation

Defendant operated a hedge fund and made material false and misleading statements about his fund's past returns in order to raise nearly $2 million on the promise that false past returns would continue.

Defendants:
Bingham Capital Management Corporation
Barry A. Bingham
Sanction Amount:
$1,281,630
Violation
Offering Fraud
Key Docs
Official SEC press release
40.9479 -74.1273

Biomet, Inc.

Defendant violated the Foreign Corrupt Practices Act by bribing public doctors in Brazil, Argentina and China in order to secure business in those countries.

Defendants:
Biomet, Inc.
Sanction Amount:
$5,575,731
Violation
Foreign Corrupt Practices Act
Key Docs
Official SEC press release
43.6105 -79.7529

Biovail Corporation, Eugene Melnyk, Brian Crombie, John Miszuk, Kenneth G. Howling

Defendants routinely made false and misleading statements with the purpose of fraudulently overstating their earnings for several quarters in order to make their earnings estimates.

Defendants:
Biovail Corporation
Eugene Melnyk, Brian Crombie, John Miszuk, Kenneth G. Howling
Sanction Amount:
$10,000,000
Violation
Financial Fraud
Key Docs
Official SEC press release
40.4395 -79.995

BNY Mellon Securities, LLC

Commission accepted the Offer of Settlement regarding an institution's failure to supervise its employees regarding the handling of corporate transactions.

Defendants:
BNY Mellon Securities, LLC
Sanction Amount:
$24,045,447
Violation
Trading and Pricing
Key Docs
Official SEC press release
51.5079 -0.134246

BP p.l.c.

Defendant BP made false and misleading statements regarding the flow rate for the oil flowing from the Deepwater Horizon disaster in order to stem the damage to their share price during the crisis.

Defendants:
BP p.l.c.
Sanction Amount:
$525,000,000
Violation
Financial Fraud
Key Docs
Official SEC press release
42.5617 -73.1649

Braintree Energy, Inc., Howard Graham

Defendants fraudulently offered and sold unregistered securities in the form of investment contracts and/or fractional interests in oil and gas leases and diverted almost all of the money raised to their personal use

Defendants:
Braintree Energy, Inc.
Howard Graham
Sanction Amount:
$3,269,904
Violation
Offering Fraud
Key Docs
Official SEC press release
36.6421 -93.2173

Branson City Limits, Inc., Resort Hotels, Inc., Universal Financial Leasing, Inc., Ozark Ticket and Travel, Inc., Patrick Ballinger, Dennis R. Weaver, Kosta S. Kovachev, Lee E. Larscheid, Benny G. Morris, Darin W. Roberts, Linda M. Sears, Todd F. Walker

Defendants defrauded over 600 investors out of $30 million in a Ponzio Scheme. Defendants sold unregistered securities they referred as interests in time share properties.

Defendants:
Branson City Limits, Inc., Resort Hotels, Inc., Universal Financial Leasing, Inc., Ozark Ticket and Travel, Inc.
Patrick Ballinger, Dennis R. Weaver, Kosta S. Kovachev, Lee E. Larscheid, Benny G. Morris, Darin W. Roberts, Linda M. Sears, Todd F. Walker
Sanction Amount:
$32,408,330
Violation
Offering Fraud
Key Docs
Official SEC press release
0 0

Brian G. Elrod, Nova Dean Pack

Defendant raised $2 million from 12 investors with the false and misleading promise that they would receive 12-14% returns on their money. Defendant also made the false and misleading statement that he would use the funds to invest in and expand a group of financial services companies he owned. Instead he pocketed the money.

Defendants:
Brian G. Elrod, Nova Dean Pack
Sanction Amount:
$3,933,476
Violation
Offering Fraud
Key Docs
Official SEC press release
39.8917 -86.2678

Brightpoint, Inc., American International Group, Inc. (AIG), Phillip Bounsall, John Delaney, Timothy Harcharik

Civil accounting fraud action arising from AIG's marketing and sale of the so-called "income smoothing insurance" that was sold as a way to carry loses over multiple quarters to help companies maintain consistent returns. Defendants were charged with making false and misleading statements in their financial statements because they were not disclosing the nature of the insurance.

Defendants:
Brightpoint, Inc., American International Group, Inc. (AIG)
Phillip Bounsall, John Delaney, Timothy Harcharik
Sanction Amount:
$10,595,000
Violation
Financial Fraud
Key Docs
Official SEC press release
40.7579 -73.9722

Bristol-Myers Squibb Company

Defendant had engaged in several periods of channel stuffing to falsely and fraudulently make its earnings estimates by booking revenue on product it shipped to distributors that it knew had no chance of being sold in the quarter in clear violation of Generally Accepted Accounting Principals.

Defendants:
Bristol-Myers Squibb Company
Sanction Amount:
$150,000,000
Violation
Financial Fraud
Key Docs
Official SEC press release
27.8928 -82.6706

Brite Business Corporation, Brite Business S. A., Commonwealth Management Associates Raymond James Financial Services, Dennis S. Herula, Charles W. Sullivan, Robert M. Wachtel, Mary Lee Capalbo

Defendant sought investors in a fraudulent high yield trading platform and in turn disbursed some of the investors monies into other companies he ran and diverted other monies to himself in the form of loans.

Defendants:
Brite Business Corporation, Brite Business S. A., Commonwealth Management Associates Raymond James Financial Services
Dennis S. Herula, Charles W. Sullivan, Robert M. Wachtel, Mary Lee Capalbo
Sanction Amount:
$56,795,031
Violation
Offering Fraud
Key Docs
Official SEC press release
33.6364 -117.848

Broadcom Corp.

Defendant Broadcom engaged in a series of backdated options awards to senior employees. By backdating the options the Company overstated its income between 15% to 422% and understated its loss from between 16% to 38% to the detriment of investors.

Defendants:
Broadcom Corp.
Sanction Amount:
$12,000,000
Violation
Financial Fraud
Key Docs
Official SEC press release
37.4185 -121.952

Brocade Communications Systems, Inc.

Defendant misrepresented its financial disclosures by engaging in a pattern of back-dated option grants. Rather than admit on financial statements it was awarding deeply in-the-money options to employees, it would backdate the options to avoid disclosing them.

Defendants:
Brocade Communications Systems, Inc.
Sanction Amount:
$7,000,000
Violation
Financial Fraud
Key Docs
Official SEC press release
0 0

Bruce E. Karatz

Backdated stock option scheme that defendant used to manipulate its financial disclosures by back dating current awards of stocks to prior periods when the company's price was at lower prices.

Defendants:
Bruce E. Karatz
Sanction Amount:
$7,194,819
Violation
Financial Fraud
Key Docs
Official SEC press release
34.0508 -118.259

C+ Capital Management, LLC, Won Charlie Yi

Defendant used his status in the Korean community to raise money from Korean-American's which he told them he was investing into various stocks and bonds on their behalf. Instead he deposited the money into his own account and he created false accounting statements to hide the fraud from his investors.

Defendants:
C+ Capital Management, LLC
Won Charlie Yi
Sanction Amount:
$29,214,555
Violation
Offering Fraud
Key Docs
Official SEC press release
34.056 -118.467

Cameron International, Inc., Peter S. Jessop

Defendant engaged in a stock washing scheme that was aimed at raising the price of the target company's share value by creating the imagery that the stock was a healthy and oft traded stock. In reality defendant's actions were often the only trading occurring in the account on a daily basis.

Defendants:
Cameron International, Inc.
Peter S. Jessop
Sanction Amount:
$1,485,823
Violation
Trading and Pricing
Key Docs
Official SEC press release
0 0

Camilo Pereira a/k/a Camilo Agasim-Pereira

Defendant released a series of fraudulent press releases with the intent to drive up the share price of his company.

Defendants:
Camilo Pereira a/k/a Camilo Agasim-Pereira
Sanction Amount:
$2,251,186
Violation
Market Manipulation
Key Docs
Official SEC press release
43.6484 -79.3791

Canadian Imperial Bank of Commerce, Daniel Ferguson, Ian Schottlaender, Mark Wolf

Canadian Imperial Bank aided and abetted Enron's massive fraud.

Defendants:
Canadian Imperial Bank of Commerce
Daniel Ferguson, Ian Schottlaender, Mark Wolf
Sanction Amount:
$80,000,000
Violation
Financial Fraud
Key Docs
Official SEC press release
38.926 -77.2121

Capital One Financial Corp., Peter Schnall, David Lagassa

Commission accepted the Offer of Settlement regarding an institution's failure to properly disclose its bad outstanding mortgage loans to maintain the value of its share value during the early days of the housing crisis.

Defendants:
Capital One Financial Corp.
Peter Schnall, David Lagassa
Sanction Amount:
$3,635,000
Violation
Financial Fraud
Key Docs
Official SEC press release
40.1092 -83.1207

Cardinal Health, Inc.

Defendant engaged in a serious of fraudulent acts and actions to materially misrepresent its value.

Defendants:
Cardinal Health, Inc.
Sanction Amount:
$35,000,000
Violation
Financial Fraud
Key Docs
Official SEC press release
32.9057 -96.4278

Carl Lee and Associates, Inc., Carl Q. Lee, Michael E. Kelly

Defendants engaged in a fraudulent scheme whereby they sold unregistered securities in the form of leaseholds to timeshares in vacation destinations with the guarantee that a large Mexican travel agent was licensed to fill the properties with tenants, in reality the only travel agency was a small Panamanian operation that was never able to meet the expectations.

Defendants:
Carl Lee and Associates, Inc.
Carl Q. Lee
Sanction Amount:
$2,139,646
Violation
Offering Fraud
Key Docs
Official SEC press release
0 0

Carl W. Jasper

Backdated stock option scheme that defendant used to manipulate its financial disclosures by back dating current awards of stocks to prior periods when the company's price was at lower prices.

Defendants:
Carl W. Jasper
Sanction Amount:
$2,229,639
Violation
Financial Fraud
Key Docs
Official SEC press release
33.5085 -84.4274

CDH & Affiliates, Inc., C. David Hallman

Defendant made material false and misleading statement to secure investors' money for a program to buy bonds when no such program existed and no bonds were ever purchased.

Defendants:
CDH & Affiliates, Inc.
C. David Hallman
Sanction Amount:
$4,427,617
Violation
Offering Fraud
Key Docs
Official SEC press release
39.7501 -104.997

CFO-5 LLC, Trinity International Enterprises Inc., Global Asset Services, Stanley W. Anderson, Edwin A. Smith, Charles L. Kennedy, Michael D. Norton, Nicholas R. Fair

Defendants raised over $5.1 million from 100 investors in a prime bank investment scheme.

Defendants:
CFO-5 LLC, Trinity International Enterprises Inc., Global Asset Services
Stanley W. Anderson, Edwin A. Smith, Charles L. Kennedy, Michael D. Norton, Nicholas R. Fair
Sanction Amount:
$3,457,222
Violation
Offering Fraud
Key Docs
Official SEC press release
0 0

Charles C. Conaway, John T. McDonald

Kmart CEO engaged in a series of fraudulent misrepresentations regarding the Company's value prior to the Company's 2005 bankruptcy.

Defendants:
Charles C. Conaway, John T. McDonald
Sanction Amount:
$10,353,432
Violation
Financial Fraud
Key Docs
Official SEC press release
0 0

Charles Johnson, Jr., Christopher Benyo, Michael Kennedy, John Tuli, Kent Wakeford

Defendant aided and abetted the Company's violation of the antifraud provisions of the Securities Exchange Act of 1934 (Section 10(b) and Rule 10b-5 thereunder).

Defendants:
Charles Johnson, Jr., Christopher Benyo, Michael Kennedy, John Tuli, Kent Wakeford
Sanction Amount:
$3,000,000
Violation
Financial Fraud
Key Docs
Official SEC press release
0 0

Charles McCall

Defendant participated in a fraudulent revenue recognition practice that involved side-letters (that allowed contingencies meaning the goods sold should not have been recognized as revenue until the contingencies expired) and back dated contracts allowing the Company to pull-revenue forward into current earnings statements.

Defendants:
Charles McCall
Sanction Amount:
$1,878,128
Violation
Financial Fraud
Key Docs
Official SEC press release
37.7905 -122.403

Charles Schwab Investment Management, Charles Schwab & Co., Inc., Schwab Investments

Defendant created an ultra-short fund that quickly became the largest ultra short fund in the industry with $13.5 billion in assets and over 200,000 investors. Defendant failed entirely to warn the investors of the significant risks and at one point told investors that the fund was as safe as a money-market account.

Defendants:
Charles Schwab Investment Management, Charles Schwab & Co., Inc., Schwab Investments
Sanction Amount:
$118,944,996
Violation
Financial Fraud
Key Docs
Official SEC press release
40.7572 -73.9707

Chetan Kapur, Lilaboc, LLC d/b/a ThinkStrategy Capital Management, LLC

Defendants engaged in a pattern of deceptive conduct designed to bolster their track record, size, and credentials. Defendants also "repeatedly inflated the firm

Defendants:
Lilaboc, LLC d/b/a ThinkStrategy Capital Management, LLC
Chetan Kapur
Sanction Amount:
$4,988,197
Violation
Financial Fraud
Key Docs
Official SEC press release
37.7604 -121.964

Chevron Corporation

Defendant Chevron Corp. violation the Foreign Corrupt Practices Act by making illegal payments to Iraq outside the scope of the U.N. Oil for Food Program.

Defendants:
Chevron Corporation
Sanction Amount:
$30,000,000
Violation
Foreign Corrupt Practices Act
Key Docs
Official SEC press release
41.8766 -87.6333

Chicago Board Options Exchange, Inc., C2 Options Exchange, Inc.

The Commission accepted an Offer of Settlement where it was alleged the Chicago Board Options Exchange violated its duty as a self-regulated institution to monitor and avoid conflicts of interest.

Defendants:
Chicago Board Options Exchange, Inc., C2 Options Exchange, Inc.
Sanction Amount:
$6,000,000
Violation
Trading and Pricing
Key Docs
Official SEC press release
22.2799 114.174

China Energy Savings Technology, Inc., Jason M. Genet

Defendant stock broker engaged in a scheme to manipulate China Energy's share price - including using pump and dump tactics to drive the price up and then to sell at a profit.

Defendants:
China Energy Savings Technology, Inc.
Jason M. Genet
Sanction Amount:
$2,527,745
Violation
Market Manipulation
Key Docs
Official SEC press release
39.9111 116.458

China World Trade, Corp., Global Peopleline Telecom Inc., China Digital Media Corp.,m-Wise Inc., Gregg M.S. Berger, Francis A. Tribble, How Wai Hui a/k/a John Hui, Kwong-Chung Chan a/k/a Bernard Chan, Xiaoqing Du a/k/a Angela Du, Chi Shing Ng a/k/a Daniel

Defendants engaged in a spam email campaign that was designed to pump up the price of the target company's shares so they could sell their own shares at a profit.

Defendants:
China World Trade, Corp., Global Peopleline Telecom Inc., China Digital Media Corp.,m-Wise Inc.
Gregg M.S. Berger, Francis A. Tribble, How Wai Hui a/k/a John Hui, Kwong-Chung Chan a/k/a Bernard Chan, Xiaoqing Du a/k/a Angela Du, Chi Shing Ng a/k/a Daniel Ng, Shay Ben-Asulin, Mordechai Broudo
Sanction Amount:
$4,342,562
Violation
Market Manipulation
Key Docs
Official SEC press release
28.6437 -81.3229

Christel S. Scucci, Karen S. Beach, Prot�g� Enterprises, LLC, Capital Edge Enterprises, LLC, Cameron H. Linton

Defendants engaged in a scheme to purchase and sell unregistered penny shares.

Defendants:
Prot�g� Enterprises, LLC, Capital Edge Enterprises, LLC
Christel S. Scucci, Karen S. Beach, Cameron H. Linton
Sanction Amount:
$1,866,830
Violation
Offering Fraud
Key Docs
Official SEC press release
42.6508 -73.7515

Christopher W. Bass, Swiss Capital Harbor-USA, LLC, Swiss Capital Harbor Fund A Partners, L.P., Swiss Capital Harbor Fund B Partners, L.P., Swiss Capital Harbor Fund C Partners, L.P.

Defendants created a Ponzi Scheme that defrauded over 400 investors.

Defendants:
Swiss Capital Harbor-USA, LLC, Swiss Capital Harbor Fund A Partners, L.P., Swiss Capital Harbor Fund B Partners, L.P., Swiss Capital Harbor Fund C Partners, L.P.
Christopher W. Bass
Sanction Amount:
$5,203,054
Violation
Offering Fraud
Key Docs
Official SEC press release
40.7207 -74.0111

Citigroup Global Markets, Inc.

Defendants misled investors on the stability and safety of auction rate securities.

Defendants:
Citigroup Global Markets, Inc.
Sanction Amount:
$7,000,000,000
Violation
Offering Fraud
Key Docs
Official SEC press release
40.7207 -74.0111

Citigroup Global Markets, Inc., Brian H. Stoker

Defendants marketed and sold collateralized debt obligations with misleading assurances of their safety and investment worth.

Defendants:
Citigroup Global Markets, Inc.
Brian H. Stoker
Sanction Amount:
$285,000,000
Violation
Financial Fraud
Key Docs
Official SEC press release
40.7591 -73.9719

Citigroup Inc.

Defendants marketed and sold collateralized debt obligations with misleading assurances of their safety and investment worth.

Defendants:
Citigroup Inc.
Sanction Amount:
$75,000,001
Violation
Financial Fraud
Key Docs
Official SEC press release
34.0481 -84.3143

Coadum Advisors, Inc., Mansell Capital Partners III, LLC, Coaum Capital Fund 1, LLC, Coadum Capital Fund II, LP, Coadum Capital Fund III, LP, Mansell Acquisition Company LP, James A. Jeffery, Thomas E. Repke

Defendants misled investors regarding their rate of guaranteed return, misrepresented to investors that their money never left an escrow account and failed to disclose that defendants had taken loans from the investors' funds.

Defendants:
Coadum Advisors, Inc., Mansell Capital Partners III, LLC, Coaum Capital Fund 1, LLC, Coadum Capital Fund II, LP, Coadum Capital Fund III, LP, Mansell Acquisition Company LP
James A. Jeffery, Thomas E. Repke
Sanction Amount:
$3,968,602
Violation
Offering Fraud
Key Docs
Official SEC press release
42.6022 -83.1724

Collins & Aikman Corporation, David A. Stockman, J. Michael Stepp, Elkin B. McCallum, David R. Cosgrove, Paul C. Barnaba,

Defendants engaged in a fraudulent rebate scheme with distributors that caused them to make materially false and misleading earnings statements.

Defendants:
Collins & Aikman Corporation
David A. Stockman, J. Michael Stepp, Elkin B. McCallum, David R. Cosgrove, Paul C. Barnaba
Sanction Amount:
$7,410,000
Violation
Financial Fraud
Key Docs
Official SEC press release
40.8123 -73.1746

Computer Associates International, Inc., Sanjay Kumar, Stephen Richards, Steven Woghin

Defendants engaged in a long running scheme whereby the Company's books were kept open well past the end of a reporting period so that deals closed after the end of the quarter, were booked in a prior period to help the Company make earnings.

Defendants:
Computer Associates International, Inc.
Sanjay Kumar, Stephen Richards, Steven Woghin
Sanction Amount:
$225,000,000
Violation
Financial Fraud
Key Docs
Official SEC press release
40.7624 -73.9815

Comverse Technology, Inc., Comverse Ltd.

Defendants made improper payments to foreign governments in order to maintain business and then concealed those payments from their investors.

Defendants:
Comverse Technology, Inc., Comverse Ltd.
Sanction Amount:
$1,608,501
Violation
Foreign Corrupt Practices Act
Key Docs
Official SEC press release
40.7628 -73.9825

Comverse Technology, Inc., Jacob ("Kobi") Alexander, David Kreinberg, William F. Sorin

Defendants engaged in a long running scheme to mislead investors by keeping a slush fund of back-dated options to award to themselves without investors being made aware of the awards.

Defendants:
Comverse Technology, Inc.
Jacob ("Kobi") Alexander, David Kreinberg, William F. Sorin
Sanction Amount:
$59,131,797
Violation
Financial Fraud
Key Docs
Official SEC press release
41.2554 -95.9264

ConAgra Foods, Inc.

Defendant Company created fraudulent reserve accounts that it used to mislead investors on its earnings.

Defendants:
ConAgra Foods, Inc.
Sanction Amount:
$45,000,000
Violation
Financial Fraud
Key Docs
Official SEC press release
26.359 -80.1601

Concode America, Inc., Hartley Lord, Thomas Heysek, Bryan Kos, Donald E. Oehmke

Defendants participated in a scheme to mislead investors and potential investors by making material false and misleading statements via organized spam emails, websites facsimiles, videos and voicemails.

Defendants:
Concorde America, Inc.
Hartley Lord, Thomas Heysek, Bryan Kos, Donald E. Oehmke
Sanction Amount:
$3,446,235
Violation
Market Manipulation
Key Docs
Official SEC press release
0 0

Conrad M. Black

Defendant fraudulently diverted funds from his Company to himself and other executives of the Company in the midst of an alleged takeover and made misstatements to investors regarding those payments.

Defendants:
Conrad M. Black
Sanction Amount:
$4,094,144
Violation
Financial Fraud
Key Docs
Official SEC press release
40.0875 -83.0897

Continental Midwest Financial, Inc., Scioto National, Inc., BancShareholders of America, Inc., Bancshare Investors Brokerage, Inc., Bradley T. Smith

Defendant raised $2.1 million from investors with the promise of investing that money into small community banks. Instead, he used the money to pay bills on his other businesses and for personal use.

Defendants:
Continental Midwest Financial, Inc., Scioto National, Inc., BancShareholders of America, Inc., Bancshare Investors Brokerage, Inc.
Bradley T. Smith
Sanction Amount:
$3,406,218
Violation
Offering Fraud
Key Docs
Official SEC press release
34.0399 -84.5671

Conversion Solutions Holding Corporation, Rufus Paul Harris a/k/a Paul Rufus Harris

Defendant made false and misleading statements intended to inflate the value of the Holding Company regarding certain holdings in the Company's accounts.

Defendants:
Conversion Solutions Holding Corporation
Rufus Paul Harris a/k/a Paul Rufus Harris
Sanction Amount:
$1,420,000
Violation
Financial Fraud
Key Docs
Official SEC press release
25.7677 -80.1349

Corbin Investment Holdings, LLC, Augustus Management LLC, Jamil Bouchareb, Daniel Corbin

Defendants traded on inside information that one of the defendants got from his wife, an executive at a public relations firm.

Defendants:
Corbin Investment Holdings, LLC, Augustus Management LLC
Jamil Bouchareb, Daniel Corbin
Sanction Amount:
$1,238,978
Violation
Trading and Pricing
Key Docs
Official SEC press release
28.5989 -81.3639

Corporate Relations Group, Inc., Fulp/Atlantic Publishing, Inc., Stratcomm Media Ltd. Fondo De Adquisiciones e Inversiones Internacionales XL, S.A., C.A. Oportunidad, S.A., Roberto E. Veitia, Jose Antonio Gomez Cortes

Defendant published promotions of various publicly companies without disclosing that he owned shares in those companies and would therefore profit from his promotions.

Defendants:
Corporate Relations Group, Inc., Fulp/Atlantic Publishing, Inc., Stratcomm Media Ltd. Fondo De Adquisiciones e Inversiones Internacionales XL, S.A., C.A. Oportunidad, S.A.
Roberto E. Veitia, Jose Antonio Gomez Cortes
Sanction Amount:
$45,700,000
Violation
Market Manipulation
Key Docs
Official SEC press release
41.0275 -73.5537

CR Intrinsic Investors

Defendant Matthew Martoma received material non-public information from a doctors with insider knowledge of the outcome and prospects of various ongoing clinical trials. Defendant traded on this information.

Defendants:
CR Intrinsic
Sanction Amount:
$601,747,463
Violation
Trading and Pricing
Key Docs
Official SEC press release
26.6186 -80.1782

Creative Capital Consortium LLC, George L. Theodule

Defendant ran a Ponzi Scheme that targeted Haitian American investors.

Defendants:
Creative Capital Consortium LLC, A Creative Capital Concept$ LLC
George L. Theodule
Sanction Amount:
$5,552,150
Violation
Offering Fraud
Key Docs
Official SEC press release
40.7415 -73.987

Credit Suisse Securities (USA) LLC, DLJ Mortgage Capital, Inc., Credit Suisse First Boston Mortgage Acceptance Corp., Credit Suisse First Boston Mortgage Securities Corp., Asset Backed Securities Corp.

The Commission accepted Defendants Offer of Settlement where Defendant "entered into a number of financial settlements with loan originators related to early defaulting loans it had previously sold to securitization trusts it sponsored, and then kept the proceeds of those settlements without notifying or compensating the RMBS trusts that owned the loans (the

Defendants:
Credit Suisse Securities (USA) LLC, DLJ Mortgage Capital, Inc., Credit Suisse First Boston Mortgage Acceptance Corp., Credit Suisse First Boston Mortgage Securities Corp., Asset Backed Securities Corp.
Sanction Amount:
$133,804,330
Violation
Offering Fraud
Key Docs
Official SEC press release
33.9269 -117.878

D.W. Heath & Associates, Inc., Private Capital Management, Inc., Private Collateral Management, Inc., PCM Fixed Income Fund I, LLC, Daniel William Heath, Denis Timothy O'Brien

Defendants ran an investment scheme targeting elderly investors with the false promises of high guaranteed returns.

Defendants:
D.W. Heath & Associates, Inc., Private Capital Management, Inc., Private Collateral Management, Inc., PCM Fixed Income Fund I, LLC
Daniel William Heath, Denis Timothy O'Brien
Sanction Amount:
$111,894,897
Violation
Offering Fraud
Key Docs
Official SEC press release
0 0

Daniel Spitzer, Kenzie Financial Management, Inc.; Kenzie Services LLC; Draseena Funds Group, Corp.; Nerium Management Co.; Aneesard Management LLC; DN Management Co. LLC; Arrow Fund, LLC; Arrow Fund II, LLC; Conservium Fund, LLC; Nerium Currency Fund, LL

Defendant ran an investment scheme where some 400 investors invested over $105 million with him and he only ended up using $30 million of the invested money properly. He covered up his scheme by issuing fake K-1 statements.

Defendants:
Kenzie Financial Management, Inc.; Kenzie Services LLC; Draseena Funds Group, Corp.; Nerium Management Co.; Aneesard Management LLC; DN Management Co. LLC; Arrow Fund, LLC; Arrow Fund II, LLC; Conservium Fund, LLC; Nerium Currency Fund, LLC; Senior Strength Q Fund, LLC; SSecurity Fund, LLC; Three Oaks Advanced Fund, LLC; Three Oaks Currency Fund, LP; Three Oaks Fund, LP; Three Oaks Fund 25, LLC; Three Oaks Senior Strength Fund, LLC; and USFirst Fund, LLC.
Daniel Spitzer
Sanction Amount:
$44,050,000
Violation
Offering Fraud
Key Docs
Official SEC press release
0 0

Darrel T. Uselton, Jack E. Uselton

Defendants purchased shares in at least 13 different penny stocks then engaged in a fraudulent scheme to increase the value of those shares by releasing fraudulent statements regarding the value of those companies and by creating a manipulative trading scheme making those share appear more active then they really were.

Defendants:
Darrel T. Uselton, Jack E. Uselton
Sanction Amount:
$3,838,867
Violation
Market Manipulation
Key Docs
Official SEC press release
0 0

Darryl A. Goldstein, Christopher L. O'Donnell

Defendants engaged in market-timing to benefit their hedge fund clients at the expense of their smaller brokerage customers.

Defendants:
Darryl A. Goldstein, Christopher L. O'Donnell
Sanction Amount:
$17,000,000
Violation
Trading and Pricing
Key Docs
Official SEC press release
0 0

Daryl G. Desjardins, Robert S. Zaba, Alnoor Jiwan, Ronald D. Brouillette, Jr., Brian A. Koehn

Defendants engaged in a fraudulent scheme to sell stock in a telecommunications company using fraudulent misrepresentations to mislead investors.

Defendants:
Daryl G. Desjardins, Robert S. Zaba, Alnoor Jiwan, Ronald D. Brouillette, Jr., Brian A. Koehn
Sanction Amount:
$7,421,456
Violation
Offering Fraud
Key Docs
Official SEC press release
0 0

David A. Teekell

Defendant learned of an upcoming corporate merger from his girlfriend that was working on the potential deal. He tipped a longtime friend of the upcoming deal and they began trading on the information.

Defendants:
David A. Teekell
Sanction Amount:
$1,174,398
Violation
Trading and Pricing
Key Docs
Official SEC press release
0 0

David Isaac Lapin, Jeffrey Carl Wigginton

Defendants raised money from investors to invest in commercial mortgages but made material false and misleading statements regarding origination fees and risks with the investments.

Defendants:
David Isaac Lapin, Jeffrey Carl Wigginton
Sanction Amount:
$4,461,678
Violation
Offering Fraud
Key Docs
Official SEC press release
0 0

David M. Wolfson

Defendants engaged in a scheme to sell shares in U.S. based microcap stocks by making material false and misleading statements about the potential value of these shares.

Defendants:
David M. Wolfson
Sanction Amount:
$3,052,105
Violation
Offering Fraud
Key Docs
Official SEC press release
0 0

David W. Delainey

Enforcement action arose from the Enron scandal. In this action the former CEO of Enron North American and Enron Energy Services was charged with engaging in the scheme to materially alter Enron's public earnings disclosures.

Defendants:
David W. Delainey
Sanction Amount:
$3,740,000
Violation
Financial Fraud
Key Docs
Official SEC press release
0 0

Dean L. Buntrock, Phillip B. Rooney, James E. Koenig, Thomas C. Hau, Herbert A. Getz, Bruce D. Tobecksen

Defendants engaged an a long running scheme to misrepresent Waste Management's financial statements resulting in earnings being overstated by $1.7 billion.

Defendants:
Dean L. Buntrock, Phillip B. Rooney, James E. Koenig, Thomas C. Hau, Herbert A. Getz, Bruce D. Tobecksen
Sanction Amount:
$30,869,054
Violation
Financial Fraud
Key Docs
Official SEC press release
40.755 -73.9719

Deerfield Management Co., L.P.

The Commission accepted an Offer of Settlement where it was alleged that the defendant have violated Rule 105 of Regulation M of the Exchange Act by purchasing securities during a public offering that the Defendant had previously held a short position in.

Defendants:
Deerfield Management Co.
Sanction Amount:
$1,902,224
Violation
Trading and Pricing
Key Docs
Official SEC press release
41.0882 -73.7872

Del Global Technologies Corp., Inc., Leonard A. Trugman

Defendants engaged in a fraudulent revenue recognition scheme where it was holding quarters open after the final day to drag revenues into the would-be-closed financial quarter.

Defendants:
Del Global Technologies Corp., Inc.
Leonard A. Trugman
Sanction Amount:
$1,250,000
Violation
Financial Fraud
Key Docs
Official SEC press release
30.4884 -97.6704

Dell Inc., Michael S. Dell, Kevin B. Rollins, James M. Schneider, Leslie L. Jackson, Nicholas A.R. Dunning

Defendant Dell Corporation and its CEO Michael Dell were charged with "failing to disclose material information to investors and using fraudulent accounting to make it falsely appear that the company was consistently meeting Wall Street earnings targets and reducing its operating expenses."

Defendants:
Dell Inc.
Michael S. Dell, Kevin B. Rollins, James M. Schneider, Leslie L. Jackson, Nicholas A.R. Dunning
Sanction Amount:
$111,171,736
Violation
Financial Fraud
Key Docs
Official SEC press release
40.7621 -73.9846

Deloitte & Touche LLP

Deloitte failed to enact adequate procedures during its audit of Adelphia corporation that would have led to Deloitte uncovering Aldelphia's fraud.

Defendants:
Deloitte & Touche LLP
Sanction Amount:
$25,000,000
Violation
Financial Fraud
Key Docs
Official SEC press release
40.7062 -74.0083

Deutsche Bank��Securities, Inc.

Bank of America, RBC and Deutsche Bank misled investors of the liquidity of auction rate securities it sold to investors.

Defendants:
Deutsche Bank Securities, Inc.
Sanction Amount:
$1,300,000,000
Violation
Offering Fraud
Key Docs
Official SEC press release
41.5024 -81.6894

DH Strategic Partners, Inc., JYM Trading Trust, Charlie Whiskey, LLC, Frank D. Gruttadauria, Laurene English, Sarah Z. Emamy, Margo Gruttadauria

Defendant operated a Ponzi Scheme where he misled investors about the validity of the investment he was supposedly making on their behalf, used funds in investors accounts to pay off withdrawal requests from other investments and issued false and misleading financial statements.

Defendants:
DH Strategic Partners, Inc., JYM Trading Trust, Charlie Whiskey, LLC
Frank D. Gruttadauria, Laurene English, Sarah Z. Emamy, Margo Gruttadauria
Sanction Amount:
$125,800,000
Violation
Offering Fraud
Key Docs
Official SEC press release
51.5293 -0.283702

Diageo plc

Diageo violated the Foreign Corrupt Practices Act by making numerous illegal payments to foreign officials in return for corporate favors from the recipients country.

Defendants:
Diageo plc
Sanction Amount:
$16,373,820
Violation
Foreign Corrupt Practices Act
Key Docs
Official SEC press release
49.2856 -123.122

Diamond Global Holding Trust, Euro Credit and Exchange Bank Ltd., Angelic International, Garry W. Stroud

Defendant ran an online investment scheme where he fraudulently raised over $1 million from over 2,200 investors with false promises of guaranteed returns from investments in gold and other precious metals.

Defendants:
Diamond Global Holding Trust, Euro Credit and Exchange Bank Ltd., Angelic International
Garry W. Stroud
Sanction Amount:
$2,001,258
Violation
Offering Fraud
Key Docs
Official SEC press release
40.9074 -81.4231

Diebold, Inc., Walden O'Dell, Gregory Geswein, Kevin Krakora, Sandra Miller

Defendants engaged in a series of fraudulent accounting practices to falsely prop up the value of the defendant company.

Defendants:
Diebold, Inc.
Walden O'Dell, Gregory Geswein, Kevin Krakora, Sandra Miller
Sanction Amount:
$25,000,000
Violation
Financial Fraud
Key Docs
Official SEC press release
40.7062 -74.0125

Dillon Scott Securities, Inc., Gary S. Becker, Gregory S. Schaefer

Defendants engaged in a fraudulent scheme of selling unregistered securities to securities on the representation that the money would be used to purchase securities in a particular company. Instead Defendants diverted upwards of 79% of the money raised for personal use.

Defendants:
Dillon Scott Securities, Inc.
Gary S. Becker, Gregory S. Schaefer
Sanction Amount:
$4,139,620
Violation
Offering Fraud
Key Docs
Official SEC press release
40.7681 -74.0404

Dollar General Corporation, Hurley Calister Turner, Jr., Brian M. Burr, Randy C. Sanderson, Bobby R. Carpenter

Dollar General violated GAAP when it recognized $13.4 million in overseas shipping expenses in fiscal year 1999 instead of restating earnings from prior periods as GAAP required.

Defendants:
Dollar General Corporation
Hurley Calister Turner, Jr., Brian M. Burr, Randy C. Sanderson, Bobby R. Carpenter
Sanction Amount:
$12,618,650
Violation
Financial Fraud
Key Docs
Official SEC press release
0 0

Don Warner Reinhard

Defendant made false and misleading statements to investors with respect to the safety a liquidity of mortgage back securities.

Defendants:
Don Warner Reinhard
Sanction Amount:
$8,236,182
Violation
Offering Fraud
Key Docs
Official SEC press release
39.5909 -104.743

Door Chair, Ltd., Steven E. Muth

Defendant fraudulently propped up the value of the target company by creating fake demand for the shares in the market and using his relationship with Mutual of Omaha as a way to give himself credibility.

Defendants:
Door Chair, Ltd.
Steven E. Muth
Sanction Amount:
$2,042,557
Violation
Market Manipulation
Key Docs
Official SEC press release
18.4187 -66.0736

Doral Financial Corporation

Defendant corporation fraudulently recognized revenue from over $3.9 billion of sales of mortgages in violation of GAAP because Defendant had guaranteed recourse to the purchaser.

Defendants:
Doral Financial Corporation
Sanction Amount:
$25,000,000
Violation
Financial Fraud
Key Docs
Official SEC press release
0 0

Douglas F. Vaughan

Defendant operated a Ponzi Scheme where he lured investors into a real estate investment scheme. In reality Defendant was using new investments to pay off other investors withdrawal claims.

Defendants:
Douglas F. Vaughan
Sanction Amount:
$$43,658,821
Violation
Offering Fraud
Key Docs
Official SEC press release
37.458 -122.172

Douglas F. Whitman, Whitman Capital

Defendant traded on material non-public information that he received from his friend, Rajaratnam associate Roomy Khan.

Defendants:
Whitman Capital
Douglas F. Whitman
Sanction Amount:
$1,870,612
Violation
Trading and Pricing
Key Docs
Official SEC press release
0 0

Douglas Norman

Defendant filed false and misleading financial documents, made materially false and misleading statement about the value of his company and then traded in the shares when they were inflated based on the false and misleading information.

Defendants:
Douglas Norman
Sanction Amount:
$3,982,833
Violation
Financial Fraud
Key Docs
Official SEC press release
0 0

Dwight Flatt, David Della Sciucca, Jr

Defendant sold shares based on false registrations forms in order to funnel the money back into his struggling company.

Defendants:
Dwight Flatt, David Della Sciucca, Jr
Sanction Amount:
$6,020,847
Violation
Offering Fraud
Key Docs
Official SEC press release
0 0

Dwight O. Badger, Keith G. Daubenspeck

Defendant made false and misleading statements during the private issuance of shares in his company regarding the company's present value and future revenue flow.

Defendants:
Dwight O. Badger, Keith G. Daubenspeck
Sanction Amount:
$1,150,000
Violation
Offering Fraud
Key Docs
Official SEC press release
39.7584 -85.6382

EagleEye Asset Management, LLC, Jeffrey A. Liskov

Defendants:
EagleEye Asset Management, LLC
Jeffrey A. Liskov
Sanction Amount:
$1,781,105
Violation
Financial Fraud
Key Docs
Official SEC press release
29.7578 -95.3674

El Paso Corporation

Defendants:
El Paso Corporation
Sanction Amount:
$7,732,363
Violation
Foreign Corrupt Practices Act
Key Docs
Official SEC press release
53.3393 -6.24013

Elan Corporation, plc

Defendant made false and misleading statement in his financial disclosures to the Commission regarding his company's financial performance.

Defendants:
Elan Corporation, plc
Sanction Amount:
$15,000,000
Violation
Financial Fraud
Key Docs
Official SEC press release
40.1152 -75.4863

ElectroOptical Systems Corp., U.S. Milestone, Cromlix LLC, Thomas Edward Cavanagh, Frank Nicolois, Thomas R. Brooksbank, James Everett Franlin, Thomas A. Hantges, Karen Cavanagh, Beverly Nicolois, Edward Kaufer

Defendants made a series of false and misleading statements aimed at pumping up the price of its shares. The Defendants then sold unregistered shares of the company when the price was inflated.

Defendants:
ElectroOptical Systems Corp., U.S. Milestone, Cromlix LLC
Thomas Edward Cavanagh, Frank Nicolois, Thomas R. Brooksbank, James Everett Franlin, Thomas A. Hantges, Karen Cavanagh, Beverly Nicolois, Edward Kaufer
Sanction Amount:
$18,436,333
Violation
Market Manipulation
Key Docs
Official SEC press release
0 0

Elfindepan, S.A., Strategic Asset Funds S.A., Southern Financial Group, Tracy Dunlap

Defendant operated a Ponzi Scheme where as they lured investors to invest with the promise of 40-50% returns generated from a purported Cost Rican financial institution.

Defendants:
Elfindepan, S.A., Strategic Asset Funds S.A., Southern Financial Group
Tracy Dunlap
Sanction Amount:
$6,417,123
Violation
Offering Fraud
Key Docs
Official SEC press release
39.7559 -86.1531

Eli Lily & Co.

Eli Lily and Company violated the Foreign Corrupt Practices Act by making millions of dollars of payment to foreign government officials to win millions of dollars of business in Russia, Brazil, China and Poland.

Defendants:
Eli Lily & Co.
Sanction Amount:
$29,398,734
Violation
Foreign Corrupt Practices Act
Key Docs
Official SEC press release
0 0

Elsie M. Leung

Defendants made fraudulent and misleading statements regarding its revenue streams that resulted in investors being defrauded.

Defendants:
Elsie M. Leung
Sanction Amount:
$1,364,866
Violation
Financial Fraud
Key Docs
Official SEC press release
42.7649 -83.243

E-M Management Co. LLC, Edward P. May

Defendants lured investors to invest in several LLCs on the promise that the LLC's had numerous contracts with major hotel chains to install communication and entertainment equipment. In reality no contracts existed.

Defendants:
E-M Management Co. LLC
Edward P. May
Sanction Amount:
$40,930,000
Violation
Offering Fraud
Key Docs
Official SEC press release
0 0

Emanuel Goffer

Defendant engaged in an insider trading scheme where he learned of material non-public information from a corporate transactional attorney and he made trades based on that information.

Defendants:
Emanuel Goffer
Sanction Amount:
$1,546,021
Violation
Trading and Pricing
Key Docs
Official SEC press release
33.8403 -116.467

Emsanet Internet Services, Inc., Peter Restivo, Inc. d/b/a Funding, Stefan Abel, Peter C. Restivo, Nicola A. Liantonio, Jr., Cesare J. Iori, Ir.

Defendants made material false and misleading information during its sales of unregistered securities in a private placement offering in order to give investors more comfort with the investment.

Defendants:
Emsanet Internet Services, Inc., Peter Restivo, Inc. d/b/a Funding
Stefan Abel, Peter C. Restivo, Nicola A. Liantonio, Jr., Cesare J. Iori, Ir.
Sanction Amount:
$5,110,275
Violation
Offering Fraud
Key Docs
Official SEC press release
41.6978 12.6972

ENI, S.p.A., Snamprogetti Netherlands, B.V.

Defendant violated the Foreign Corrupt Practices Act by making numerous payments (sometimes in suitcases full of cash) to Nigerian officials in order to secure contracts and sales in Nigeria.

Defendants:
ENI, S.p.A., Snamprogetti Netherlands, B.V.
Sanction Amount:
$125,000,000
Violation
Foreign Corrupt Practices Act
Key Docs
Official SEC press release
29.7555 -95.3715

Enron Broadband Services (EBS), Kevin P. Hannon

Enforcement action arose from the Enron scandal. In this action the former Enron executive was charged with engaging in the scheme to materially alter Enron's public earnings disclosures.

Defendants:
Enron Broadband Services (EBS)
Kevin P. Hannon
Sanction Amount:
$3,200,000
Violation
Financial Fraud
Key Docs
Official SEC press release
40.7818 -73.5329

Eric Aronson, Vincent Buonauro, Jr., Robert Kondratick, Fredric Aaron, Caroline Aronson, Deborah Buonauro, PermaPave Industries, LLC, PermaPave USA Corp., PermaPave Distributions, Inc., Permeable Solutions, Inc., Verigreen, LLC, and Interlink-US-Network,

Defendants made materially false and misleading statements regarding the viability of and demand for its permeable paving products.

Defendants:
PermaPave Industries, LLC, PermaPave USA Corp., PermaPave Distributions, Inc., Permeable Solutions, Inc., Verigreen, LLC, and Interlink-US-Network, Ltd., and, DASH Development, LLC, Aron Holdings, Inc., PermaPave Construction Corp., Dymoncrete Industries, LLC, Dymon Rock LI, LLC, and Lumi-Coat, Inc.
Eric Aronson, Vincent Buonauro, Jr., Robert Kondratick, Fredric Aaron, Caroline Aronson, Deborah Buonauro
Sanction Amount:
$20,541,736
Violation
Offering Fraud
Key Docs
Official SEC press release
42.3497 -71.0729

Evergreen Investment Management Company LLC, Evergreen Investment Services, Inc.

Defendant used improper valuation techniques to raise the value of its Ultra Short Opportunities Fund resulting in it being overvalued by approximately 17%.

Defendants:
Evergreen Investment Management Company LLC, Evergreen Investment Services, Inc.
Sanction Amount:
$40,000,000
Violation
Financial Fraud
Key Docs
Official SEC press release
39.7484 -75.5477

eWealth Securities, Inc., Steven Mastrosimone, Neil Formisano

Defendants fraudulently mislead investors of the company eWealth Securities that there was an initial public offering of the company in the very near future, thereby inflating the price of the investments.

Defendants:
eWealth Securities, Inc.
Steven Mastrosimone, Neil Formisano
Sanction Amount:
$15,127,059
Violation
Offering Fraud
Key Docs
Official SEC press release
35.1182 -85.3149

Exo-Brain, Inc., Peter Warren

Defendants mislead investors by making a series of fraudulent and misleading statements regarding the company's technological abilities.

Defendants:
Exo-Brain, Inc.
Peter Warren
Sanction Amount:
$8,456,735
Violation
Offering Fraud
Key Docs
Official SEC press release
40.7716 -73.4161

FalconStor Software, Inc.

Defendant company paid a series of bribes and other improper payments and gifts to J.P. Morgan Bank in order to secure lucrative servicing contracts with the bank.

Defendants:
FalconStor Software, Inc.
Sanction Amount:
$2,900,000
Violation
Financial Fraud
Key Docs
Official SEC press release
26.3555 -80.0867

Fareri Financial Services, Inc. d/b/a Amerifinancial, Anthony Fareri & Associates, Inc., Anthony Fareri

Defendants engaged in a multi-faceted fraud aimed at defrauding their investors including: using investors'' funds to purchase poorly performing companies only to inflate the value of the stock and receiving kickbacks for trading in the stock.

Defendants:
Fareri Financial Services, Inc. d/b/a Amerifinancial, Anthony Fareri & Associates, Inc.
Anthony Fareri
Sanction Amount:
$3,724,885
Violation
Market Manipulation
Key Docs
Official SEC press release
41.9008 -72.7862

Faubert Financial Group, David M. Faubert

Defendant lured investors with the promise that he would invest in fixed accounts guaranteeing them a return of 8%. Instead he diverted the money to his own accounts for his personal use and to pay off gambling debts.

Defendants:
Faubert Financial Group
David M. Faubert
Sanction Amount:
$7,500,000
Violation
Offering Fraud
Key Docs
Official SEC press release
38.9325 -77.227

Federal Home Loan Mortgage Corporation, Freddie Mac, David W. Glenn, Vaughn A. Clarke, Robert C. Dean, Nazir G. Dossani

Defendant Freddie Mac and its executive engaged in fraudulent scheme to misrepresent the value of the company over several years by as much as 23-43%.

Defendants:
Federal Home Loan Mortgage Corporation
Freddie Mac, David W. Glenn, Vaughn A. Clarke, Robert C. Dean, Nazir G. Dossani
Sanction Amount:
$50,790,548
Violation
Financial Fraud
Key Docs
Official SEC press release
38.9405 -77.0766

Federal National Mortgage Association a/k/a Fannie Mae

Defendant Fannie Mae and its executive engaged in fraudulent scheme to misrepresent the value of the company over several years .

Defendants:
Federal National Mortgage Association a/k/a Fannie Mae
Sanction Amount:
$400,000,000
Violation
Financial Fraud
Key Docs
Official SEC press release
38.6478 -90.32

Fiduciary Asset Management LLC

The Commission accepted an Offer of Settlement from the Defendant Company that was accused of changing its investment strategy greatly increasing the risk it was willing to carry without disclosing this change in strategy to its investors.

Defendants:
Fiduciary Asset Management LLC
Sanction Amount:
$2,079,929
Violation
Offering Fraud
Key Docs
Official SEC press release
34.0731 -117.881

Finbar Securities Corp., Robert Tringham

Defendants operated as an unregistered broker-dealer and defrauded customers both in the U.S. and internationally.

Defendants:
Finbar Securities Corp.
Robert Tringham
Sanction Amount:
$12,346,731
Violation
Offering Fraud
Key Docs
Official SEC press release
35.3617 -79.8947

First BanCorp

Defendants engaged in fraudulent transactions involving non-conforming mortgages transactions.

Defendants:
First BanCorp
Sanction Amount:
$8,500,000
Violation
Financial Fraud
Key Docs
Official SEC press release
37.9249 -122.058

First Choice Management Service, Inc., Gary Van Waeyenberghe

Defendant made fraudulent misstatements and representations regarding the investing vehicle he was marketing to invest in high-yield auto loans guaranteeing his investors an 11% return.

Defendants:
First Choice Management Services, Inc.
Gary Van Waeyenberghe
Sanction Amount:
$31,440,000
Violation
Offering Fraud
Key Docs
Official SEC press release
39.9539 -75.1747

Fiserv Securities, Inc., Thomas J. Gerbasio, Raymond L. Braun, Jr., Dennis J. Donnelly

Defendant engaged in a market timing scheme to benefit his hedge fund clients at the expense of his smaller brokerage clients by placing their trades ahead of the brokerage clients.

Defendants:
Fiserv Securities, Inc.
Thomas J. Gerbasio, Raymond L. Braun, Jr., Dennis J. Donnelly
Sanction Amount:
$15,070,000
Violation
Trading and Pricing
Key Docs
Official SEC press release
52.3083 4.75781

Flat S.p.A., CNH Global N.V.

Defendant company violated the Foreign Corrupt Practice Act by paying kickbacks to officials in Iraq under the U.N.'s Oil for Food program.

Defendants:
Flat S.p.A., CNH Global N.V.
Sanction Amount:
$10,809,142
Violation
Foreign Corrupt Practices Act
Key Docs
Official SEC press release
32.8712 -96.9388

Flowserve Corporation

Defendant company violated the Foreign Corrupt Practice Act by paying kickbacks to officials in Iraq under the U.N.'s Oil for Food program.

Defendants:
Flowserve Corporation
Sanction Amount:
$6,574,225
Violation
Foreign Corrupt Practices Act
Key Docs
Official SEC press release
25.8889 -80.1887

Focus Financial Associates, Inc., Aiby Pierre-Louis

Defendant ran a Ponzi Scheme that targeted Haitian American investors.

Defendants:
Focus Financial Associates, Inc.
Aiby Pierre-Louis
Sanction Amount:
$6,837,309
Violation
Offering Fraud
Key Docs
Official SEC press release
25.8889 -80.1887

Focus Financial Associates, Inc., Focus Development Center, Inc., Max Francois, Jean Fritz Montinard

Defendant ran a Ponzi Scheme that targeted Haitian American investors.

Defendants:
Focus Financial Associates, Inc., Focus Development Center, Inc.
Max Francois, Jean Fritz Montinard
Sanction Amount:
$6,392,264
Violation
Offering Fraud
Key Docs
Official SEC press release
26.4028 -80.1122

Forest Resources Management Corp., Chaim Justman, Pinchus Gold, William J. Reilly

Defendants fraudulently acquired restricted shares in Forest Resources Group and then sold them on the open market as if they were unrestricted shares resulting in the destruction of the company.

Defendants:
Forest Resources Management Corp.
Chaim Justman, Pinchus Gold, William J. Reilly
Sanction Amount:
$1,536,135
Violation
Market Manipulation
Key Docs
Official SEC press release
26.2094 -81.7993

Founding Partners Capital Management Co., William L. Gunlicks

Defendant violated the antifraud provisions of the U.S. securities laws.

Defendants:
Founding Partners Capital Management Co.
William L. Gunlicks
Sanction Amount:
$31,829,809
Violation
Offering Fraud
Key Docs
Official SEC press release
26.8351 -80.1541

Francis E. Wilde, Steven E. Woods, Mark A. Gelazela, Bruce H. Haglund, Maureen Wilde, IBalance LLC, Shillelagh Capital Corporation, BMW Majestic LLC, IDLYC Holdings Trust, IDLYC Holdings Trust LLC

Defendant defrauded an investor out of a $5 million dollar U.S. Treasury Bond that he used to pay down personal debt and to pay off other investors.

Defendants:
IBalance LLC, Shillelagh Capital Corporation, BMW Majestic LLC, IDLYC Holdings Trust, IDLYC Holdings Trust LLC
Francis E. Wilde, Steven E. Woods, Mark A. Gelazela, Bruce H. Haglund, Maureen Wilde
Sanction Amount:
$43,003,810
Violation
Offering Fraud
Key Docs
Official SEC press release
0 0

Frank C. Calmes, Lynn D. Rowntree, James E. Pratt, Manny J. Shulman, Krystal Becnel

Defendants illegally sold millions of dollars of unregistered securities .

Defendants:
Frank C. Calmes, Lynn D. Rowntree, James E. Pratt, Manny J. Shulman, Krystal Becnel
Sanction Amount:
$4,050,460
Violation
Offering Fraud
Key Docs
Official SEC press release
0 0

Frank E. Walsh, Jr.

Defendant signed a Tyco International registration statement that he knew was false and misleading and resulting from the internal fraudulent schemes at Tyco.

Defendants:
Frank E. Walsh, Jr.
Sanction Amount:
$20,000,000
Violation
Financial Fraud
Key Docs
Official SEC press release
0 0

Frank J. Custable, Jr.

Defendant sold millions of dollars of unregistered and utterly fraudulent shares of penny stocks to unknowing investors.

Defendants:
Frank J. Custable, Jr.
Sanction Amount:
$6,545,849
Violation
Offering Fraud
Key Docs
Official SEC press release
0 0

Frederick J. Gilliland

Defendant engaged in a series of fraudulent actions and misrepresentations related to the prime banking scandal of the 1990s.

Defendants:
Frederick J. Gilliland
Sanction Amount:
$10,145,179
Violation
Offering Fraud
Key Docs
Official SEC press release
0 0

Fuqi International, Inc., Yu Kwai Chong

Defendant company made improper cash transfers without disclosing these transfers and also lacked the appropriate internal controls to police this sort of behavior.

Defendants:
Fuqi International, Inc., Yu Kwai Chong
Sanction Amount:
$1,150,000
Violation
Financial Fraud
Key Docs
Official SEC press release
33.6421 -112.013

G&G Capital, LLC, David M. Wolfson, Gino Carlucci

Defendants engaged in a scheme to sell shares in U.S. based microcap stocks by making material false and misleading statements about the potential value of these shares.

Defendants:
G&G Capital, LLC
David M. Wolfson, Gino Carlucci
Sanction Amount:
$2,152,973
Violation
Offering Fraud
Key Docs
Official SEC press release
0 0

G. Christopher Scoggin

Defendant misrepresented his opinions on stock picks he was making in newsletters and various other mediums without disclosing that he himself was invested in those stocks are would thereby benefit from the price going up.

Defendants:
G. Christopher Scoggin
Sanction Amount:
$2,136,008
Violation
Offering Fraud
Key Docs
Official SEC press release
42.481 -71.1143

Gary J. Martel

Defendant engaged in a scheme to defraud investors by making a series of false assurances to them that he would invest the money in high yield "pass through" accounts, then mortgage rated securities and eventually the Facebook IPO. Defendant did none of this and used the funds for his own gains.

Defendants:
Gary J. Martel
Sanction Amount:
$7,218,682
Violation
Offering Fraud
Key Docs
Official SEC press release
0 0

Gaston E. Cantens, Teresita Cantens

Defendants operated an affinity fraud and Ponzi scheme targeting Cuban American immigrants with huge returns of 9-16% when in reality the investment vehicle was operating at a loss.

Defendants:
Gaston E. Cantens, Teresita Cantens
Sanction Amount:
$5,365,048
Violation
Offering Fraud
Key Docs
Official SEC press release
41.0788 -73.5487

GE Funding Capital Market Services

GE Funding Capital engaged in a series of fraudulent payments to bidding agents in exchange for the bidding agents assistance in steering the competitive bidding process towards GE Funding.

Defendants:
GE Funding Capital Market Services
Sanction Amount:
$24,901,762
Violation
Municipal Securities Fraud
Key Docs
Official SEC press release
41.2167 -73.2535

General Electric Company

General Electric Corporation senior executives approved a series of non-GAAP compliant accounting moves in order for the Company to make earnings estimates during at least 2002 and 2003.

Defendants:
General Electric Company
Sanction Amount:
$50,000,000
Violation
Financial Fraud
Key Docs
Official SEC press release
41.2167 -73.2535

General Electric Company, Ionics, Inc., Amersham plc

General Electric Corporation senior executives approved a series of illegal payment to Iraqi officials and violated the Foreign Corrupt Practices Act under the U.N. Oil-for-Food Program.

Defendants:
General Electric Company, Ionics, Inc., Amersham plc
Sanction Amount:
$23,478,614
Violation
Foreign Corrupt Practices Act
Key Docs
Official SEC press release
40.7592 -73.9778

General Re Corporation

Defendant General Re Corporation assisted American International Group and Prudential Financial in falsely reporting their true reserve numbers which affected their earnings reports.

Defendants:
General Re Corporation
Sanction Amount:
$12,200,000
Violation
Financial Fraud
Key Docs
Official SEC press release
26.8066 -80.1049

Genesis Leasing IX, Inc., Kadie Corp., Excalibur Investment Group PAIF, Inc., Excalibur Investment Group Holdings, Inc., Excalibur Investment Group, Inc., Trident/KD Investment Group, Inc., Endeavor Investment Group, Inc., Lisa Klinger Paonessa, Brian Dom

Defendants made false representations regarding upcoming mini-tender offers by fully disclosing their price in the offering but hiding costs and deductions related to the offering in the document.

Defendants:
Genesis Leasing IX, Inc., Kadie Corp., Excalibur Investment Group PAIF, Inc., Excalibur Investment Group Holdings, Inc., Excalibur Investment Group, Inc., Trident/KD Investment Group, Inc., Endeavor Investment Group, Inc.
Lisa Klinger Paonessa, Brian Dominck Paonessa
Sanction Amount:
$3,380,984
Violation
Offering Fraud
Key Docs
Official SEC press release
37.9589 -122.117

GetAnswers, Inc.

Defendant made a series of false and misleading statements regarding his education, his relationship to his alma mater, where the investors' funds were going and total compensation packages.

Defendants:
GetAnswers, Inc.
Sanction Amount:
$15,713,677
Violation
Offering Fraud
Key Docs
Official SEC press release
0 0

Gilbert G. Lundstrom, James A. Laphen, Don A. Langford

Defendants understated the bank's losses on loans and investments after the bank moved to taking more risky loans in an attempt to grow profits.

Defendants:
Gilbert G. Lundstrom, James A. Laphen, Don A. Langford
Sanction Amount:
$1,200,000
Violation
Financial Fraud
Key Docs
Official SEC press release
33.8685 -84.4707

Gist, Kennedy & Associates, Inc., Robert A. Gist

Defendant lured investors to invest by assuring them he would use a conservative strategy of investing only in corporate bonds and conservative stocks. Defendant invested none of the investors money and instead used it for personal use.

Defendants:
Gist, Kennedy & Associates, Inc.
Robert A. Gist
Sanction Amount:
$5,400,000
Violation
Financial Fraud
Key Docs
Official SEC press release
36.0565 -115.163

Global Development & Environmental Resources, Inc., Philip Pritchard, Pietro Cimino

Defendants engaged in a classic "pump and dump" scheme by manipulating the price of unregistered securities and selling them as registered securities.

Defendants:
Global Development & Environmental Resources, Inc.
Philip Pritchard, Pietro Cimino
Sanction Amount:
$2,905,798
Violation
Market Manipulation
Key Docs
Official SEC press release
32.83 -116.964

Global Materials & Services, Inc., ASMAC Financial, Inc., Edify Capital Group, Inc., Stephen F. Owens, William Woo, Eric Ko

Defendants engaged in a scheme involving S-8 registered securities where as defendant "consultants paid defendant CEO $1.7 million in cash if he rewarded them shares for doing consulting work for the company - they never did any work for the company.

Defendants:
Global Materials & Services, Inc., ASMAC Financial, Inc., Edify Capital Group, Inc.
Stephen F. Owens, William Woo, Eric Ko
Sanction Amount:
$3,393,181
Violation
Offering Fraud
Key Docs
Official SEC press release
29.7776 -95.6188

GlobalSantaFe Corp.

Defendant corporation made illegal payments to Nigerian officials to falsify documents that the corporation was no longer doing business in Nigeria when it was in fact doing business there in violation of the Foreign Corrupt Practices Act.

Defendants:
GlobalSantaFe Corp.
Sanction Amount:
$5,858,165
Violation
Foreign Corrupt Practices Act
Key Docs
Official SEC press release
40.7302 -73.9935

Golden Anchor Trading II LLC, Jeffrey A. Wolfson, Robert A. Wolfson

Defendants violated prohibitions against naked short selling by selling shares short before properly locating the shares they were going to sell.

Defendants:
Golden Anchor Trading II LLC
Jeffrey A. Wolfson, Robert A. Wolfson
Sanction Amount:
$14,525,000
Violation
Trading and Pricing
Key Docs
Official SEC press release
32.8455 -117.272

Golden State Equity Investors, Inc.

Defendants engaged in a scheme to sell unregistered, non-exempt shares into the market in order to make a profit.

Defendants:
Golden State Equity Investors, Inc.
Sanction Amount:
$1,577,579
Violation
Offering Fraud
Key Docs
Official SEC press release
40.7294 -74.0105

Goldman, Sachs & Co.

Goldman violated Rule 101 of Regulation M by attempting to sell certain stock to investors during the 5 day quiet period before the IPO.

Defendants:
Goldman, Sachs & Co.
Sanction Amount:
$40,000,000
Violation
Market Manipulation
Key Docs
Official SEC press release
40.7294 -74.0105

Goldman, Sachs & Co., Fabrice Tourre

Goldman failed to adequately disclose material facts related to the selection process that went into building the obligations contained in various collateral debt obligations.

Defendants:
Goldman, Sachs & Co.
Fabrice Tourre
Sanction Amount:
$550,000,000
Violation
Offering Fraud
Key Docs
Official SEC press release
40.7149 -74.0144

Goldman, Sachs & Co., Neil M.M. Morrison

Defendants engaged in a pay-to-play scheme sending cash and other valuables to then gubernatorial candidate and then-current state treasurer.

Defendants:
Goldman, Sachs & Co.
Neil M.M. Morrison
Sanction Amount:
$11,978,975
Violation
Municipal Securities Fraud
Key Docs
Official SEC press release
40.6617 -111.814

Golf Ventures, Inc., George Badger

Defendants bribed brokers to create false excitement regarding their stock so as to raise the value of their company.

Defendants:
Golf Ventures, Inc.
George Badger
Sanction Amount:
$19,223,113
Violation
Market Manipulation
Key Docs
Official SEC press release
40.7502 -73.9815

Grant Ivan Grieve, Finvest Asset Management, LLC, Finvest Fund Management, LLC

Defendants lured investors to invest in their sham hedge fund by providing them with a false auditor report showing the fund as legitimate and by providing them falsified monthly statements.

Defendants:
Finvest Asset Management, LLC, Finvest Fund Management, LLC
Grant Ivan Grieve
Sanction Amount:
$26,357,082
Violation
Financial Fraud
Key Docs
Official SEC press release
40.7427 -74.182

Great American Technologies, Inc., Vincent Setteducate a/k/a Vincent Sette

Defendants induced investors to purchase unregistered securities in the company by making materially false and misleading statements to them.

Defendants:
Great American Technologies, Inc
Vincent Setteducate a/k/a Vincent Sette
Sanction Amount:
$5,053,181
Violation
Offering Fraud
Key Docs
Official SEC press release
0 0

Gregg Thomas Rennie

Defendant induced investors to invest in his real estate investment fund by claiming he was investing the money in a federal secured real estate project when in reality he was using the money for his own personal use and to pay off private debts.

Defendants:
Gregg Thomas Rennie
Sanction Amount:
$4,209,030
Violation
Offering Fraud
Key Docs
Official SEC press release
45.5452 -122.622

Grifphon Asset Management, LLC and Grifphon Holdings, LLC. Grifphon Asset Management and Grifphon Holdings YUSAF JAWED,

The Commission accepted an Offer of Settlement where it was alleged that the defendant lured investors by making false and misleading statements and provided them with falsified account statements.

Defendants:
Grifphon Asset Management, LLC and Grifphon Holdings, LLC. Grifphon Asset
Yusaf Jawed
Sanction Amount:
$33,909,974
Violation
Offering Fraud
Key Docs
Official SEC press release
40.7517 -73.9753

Guerrilla Capital Management LLC, Hua Mei 21st Century LLC, Peter Siris

Defendant failed to disclose to investors in his hedge fund that he was actually a corporate insider in the company the fund was investing in; he then also made trades based on material, non-public information as the company began to fail.

Defendants:
Guerrilla Capital Management LLC, Hua Mei 21st Century LLC
Peter Siris
Sanction Amount:
$1,100,000
Violation
Offering Fraud
Key Docs
Official SEC press release
29.9361 -95.3414

Halliburton Company, Gary V. Morris, Robert Charles Muchmore, Jr.

Haliburton changed its internal accounting methods on several large projects allowing it to cover up several cost overruns and other issues with the project. While the change was not in violation of GAAP, it did go against Haliburton's long running disclosed accounting methodology.

Defendants:
Halliburton Company
Gary V. Morris, Robert Charles Muchmore, Jr.
Sanction Amount:
$7,550,000
Violation
Financial Fraud
Key Docs
Official SEC press release
51.5011 -0.162315

Headstart Advisers Limited, Headstart Fund Ltd., Najy N. Nasser

Defendant hedge fund participated in a scheme including late trading and market timing carried out by its brokers.

Defendants:
Headstart Advisers Limited, Headstart Fund Ltd.
Najy N. Nasser
Sanction Amount:
$17,800,000
Violation
Trading and Pricing
Key Docs
Official SEC press release
42.6028 -83.294

Health Enhancement Products, Inc. (HEPI), Howard R. Baer, Kevin C. Baer

Defendants were majority share holders in the Defendant Corporation. They orchestrated a scheme to increase the value of the Company's shares by releasing a series of false and misleading statements about the likely value of its largest product.

Defendants:
Howard R. Baer, Kevin C. Baer
Sanction Amount:
$1,583,327
Violation
Market Manipulation
Key Docs
Official SEC press release
33.4328 -86.724

HealthSouth Corporation

Defendant HealthSouth Corporation engaged in a long running scheme to inflate its revenues beginning when it first went public. All in all the Company is estimated to have overstated its earnings by at least $1.4 billion.

Defendants:
HealthSouth Corporation
Sanction Amount:
$100,000,000
Violation
Financial Fraud
Key Docs
Official SEC press release
0 0

Henry C. Yuen

Defendant made a series of false and misleading statements regarding the company's revenue stream and underlying technology.

Defendants:
Henry C. Yuen
Sanction Amount:
$22,327,231
Violation
Financial Fraud
Key Docs
Official SEC press release
39.183 -119.767

Heyman International, Inc., Timothy R. Heyman

Defendant ran a scam hedge fund where he lured investors to invest with the promise of 10% returns on fully refundable investments and in reality used the money for his own personal use.

Defendants:
Heyman International, Inc.
Timothy R. Heyman
Sanction Amount:
$5,161,005
Violation
Offering Fraud
Key Docs
Official SEC press release
29.8151 -95.5252

HMC International, LLC, Robert M. Massimi, Bret A. Grebow, Jaime Elliott

Defendants engaged in a scam where they lured investors to invest in a "low risk" day trading investment plan but in reality were using the money for personal use and to pay off prior investors.

Defendants:
HMC International, LLC
Robert M. Massimi, Bret A. Grebow, Jaime Elliott
Sanction Amount:
$4,561,220
Violation
Offering Fraud
Key Docs
Official SEC press release
40.7572 -73.983

Hold Brothers On-Line Investment Services, Trade Alpha Corporate Ltd., Demonstrate LLC, Steve Hold, Robert Vallone, William Tobias

Defendants violated securities law by failing to supervise and ignoring numerous red flags that its overseas traders were acting fraudulent trading methods to make profits.

Defendants:
Hold Brothers On-Line Investment Services, Trade Alpha Corporate Ltd., Demonstrate LLC
Steve Hold, Robert Vallone, William Tobias
Sanction Amount:
$4,000,000
Violation
Market Manipulation
Key Docs
Official SEC press release
43.6486 -79.3817

Hollinger Inc., Sun-Times Media Group, Inc. f/k/a Hollinger International, Inc., Conrad M. Black, F. David Radler

Defendants engaged in a long running scheme to divert corporate cash earned through corporate transactions into personal account through the use of phony "non-competition" payments.

Defendants:
Hollinger Inc., Sun-Times Media Group, Inc. f/k/a Hollinger International, Inc.
Conrad M. Black, F. David Radler
Sanction Amount:
$26,008,943
Violation
Financial Fraud
Key Docs
Official SEC press release
28.2295 -80.6971

Hollingsworth, Rothwell & Roxwell ("HRR"), Theodore Roxford a/k/a Lawrence David Niren

Defendants made a series of false and misleading statements to potential investors regarding financial backers and bank supporting a potential tender offer in various large public companies when in reality there was no potential tender offer.

Defendants:
Hollingsworth, Rothwell & Roxwell ("HRR")
Theodore Roxford a/k/a Lawrence David Niren
Sanction Amount:
$1,800,000
Violation
Offering Fraud
Key Docs
Official SEC press release
0 0

Howard B. Berger, Michelle Berger

Defendant hedge fund manager engaged in a cherry picking scheme whereby he would pick his funds most successful trades and divert those to his wife's account ahead of his fund investors.

Defendants:
Howard B. Berger, Michelle Berger
Sanction Amount:
$6,905,754
Violation
Trading and Pricing
Key Docs
Official SEC press release
38.9227 -77.223

HSBC Bank USA, N.A.

Defendant HSBC failed to disclose to its investors in a pension fund that large amounts of investors funds went to commissions (at times as high as 95%).

Defendants:
HSBC Bank USA, N.A.
Sanction Amount:
$10,500,560
Violation
Offering Fraud
Key Docs
Official SEC press release
39.9611 -83.0008

Huntington Bancshares, Inc., Thomas Hoaglin, Michael McMennamin, John Van Fleet

Defendant overstated its earnings in 2001 and 2001 by $11.4 and $12.8 million in an effort to make earnings estimates.

Defendants:
Huntington Bancshares, Inc.
Thomas Hoaglin, Michael McMennamin, John Van Fleet
Sanction Amount:
$8,654,485
Violation
Financial Fraud
Key Docs
Official SEC press release
40.7556 -73.9828

Huron Consulting Group Inc., Gary Burge, Wayne Lipski

Defendant Huron overstated its earnings by improperly recording compensation payments to employees.

Defendants:
Huron Consulting Group Inc.
Gary Burge, Wayne Lipski
Sanction Amount:
$1,294,437
Violation
Financial Fraud
Key Docs
Official SEC press release
0 0

I. Joseph Massoud

Defendant gained access to his firms online data room and began trading on the material non-public information in violation of the law and the company's non-trading policy.

Defendants:
I. Joseph Massoud
Sanction Amount:
$1,432,811
Violation
Trading and Pricing
Key Docs
Official SEC press release
32.9207 -96.9251

i2 Technologies, Inc., Gregory A. Bradley, Reagan L. Lancaster, WIlliam M. Beecher

Defendant CFO caused the company to make material false and misleading representations resulting in the company's earnings being overstated by at least $1 billion and during the period of the fraud he traded on the material non-public information.

Defendants:
i2 Technologies, Inc.
Gregory A. Bradley, Reagan L. Lancaster, WIlliam M. Beecher
Sanction Amount:
$21,772,036
Violation
Financial Fraud
Key Docs
Official SEC press release
39.9405 -75.1496

Igor Cornelsen, Bainbridge Group Inc.

Defendants traded on stock options based on material non-pubic information that Burger King was being purchased by a private equity firm.

Defendants:
Bainbridge Group Inc.
Igor Cornelsen
Sanction Amount:
$5,179,890
Violation
Trading and Pricing
Key Docs
Official SEC press release
0 0

Igor Poteroba, Alexander Vorobiev, Tatiana Vorobieva

Defendants all participated in insider trading based on information that one of the defendants learned of about pending corporate transactions from his job as an investment banker at UBS.

Defendants:
Igor Poteroba, Alexander Vorobiev, Tatiana Vorobieva
Sanction Amount:
$3,070,984
Violation
Trading and Pricing
Key Docs
Official SEC press release
41.0608 -74.0676

Ingersoll-Rand Company Ltd.

Defendant company violated the Foreign Corrupt Practice Act by paying kickbacks to officials in Iraq under the U.N.'s Oil for Food program.

Defendants:
Ingersoll-Rand Company Ltd.
Sanction Amount:
$4,220,987
Violation
Foreign Corrupt Practices Act
Key Docs
Official SEC press release
33.722 -117.848

Ingram Micro, Inc., McAfee, Inc. f/k/a Network Associates, Inc.

Defendant McAfee corporation falsified its revenues by stuffing its distributor channels full of product and booking the revenue from that excess product in violation of GAAP because the product was not likely to sell in the reasonable amount of time.

Defendants:
Ingram Micro, Inc., McAfee, Inc. f/k/a Network Associates, Inc.
Sanction Amount:
$15,000,000
Violation
Financial Fraud
Key Docs
Official SEC press release
39.6157 -75.7503

Innospec, Inc.

Defendant company violated the Foreign Corrupt Practice Act by paying kickbacks to officials in Iraq under the U.N.'s Oil for Food program.

Defendants:
Innospec, Inc.
Sanction Amount:
$11,200,000
Violation
Foreign Corrupt Practices Act
Key Docs
Official SEC press release
34.0595 -118.418

Innovations Holdings, Inc., Suburban Capital Corporation, Blagman Media International, Inc. a/k/a Marketing Concepts International, Inc., Wasatch Pharmaceutical, Inc., ThermoElastic Technologies, Inc. a/k/a Wannigan Capital Corp., Active Investments, Inc.

Defendant illegally obtained penny shares in numerous companies through fraudulent S-8 registration statements and engaged in a scheme to fraudulently prop up the value of those companies.

Defendants:
Innovations Holdings, Inc., Suburban Capital Corporation, Blagman Media International, Inc. a/k/a Marketing Concepts International, Inc., Wasatch Pharmaceutical, Inc., ThermoElastic Technologies, Inc. a/k/a Wannigan Capital Corp., Active Investments, Inc., Pine Services, Ltda., Sothis III, LDC., Pacel Corporation, Marshall Holdings International, Inc.
Frank J. Custable, Jr., Sara Wetzel, David Giles, Robert Blagman, Richard Bailey
Sanction Amount:
$9,111,409
Violation
Market Manipulation
Key Docs
Official SEC press release
26.267 -80.2509

Inorganic Recycling Corp., Edward Halloran, Michelle Cardi, Richard Furman, Daniel J. Moore

Defendants engaged in a fraudulent offering of unregistered securities by making materially false and misleading statements regarding the intended use of the funds - over half of the raised funds went to the defendants own use.

Defendants:
Inorganic Recycling Corp.
Edward Halloran, Michelle Cardi, Richard Furman, Daniel J. Moore
Sanction Amount:
$2,529,827
Violation
Offering Fraud
Key Docs
Official SEC press release
38.5706 -121.342

Integrity Financial AZ, LLC, Steven R. Long, Stanley M. Paulic, Walter W. Knitter, and Robert C. Koeller

Defendant made material false and misleading representations both regarding the sale of securities and then mislead investors as to the use of the investment funds.

Defendants:
Integrity Financial AZ, LLC
Steven R. Long, Stanley M. Paulic, Walter W. Knitter, and Robert C. Koeller
Sanction Amount:
$9,354,539
Violation
Offering Fraud
Key Docs
Official SEC press release
41.1083 -73.7205

International Business Machines Corporation (IBM)

Defendant IBM Corporation violated the Foreign Corrupt Practices Act by making illegal payments to government officials in South Korea and China in exchange for favorable treatment from those governments.

Defendants:
International Business Machines Corporation (IBM)
Sanction Amount:
$10,000,000
Violation
Foreign Corrupt Practices Act
Key Docs
Official SEC press release
0 0

International Fiduciary Corp., S.A., Preston David Pinkett, II

Defendants "defrauded investors through a fraudulent asset growth program purportedly involving risk-free participation in the trading of 1st tier medium-term bank notes."

Defendants:
International Fiduciary Corp., S.A.
Preston David Pinkett, II
Sanction Amount:
$30,362,533
Violation
Offering Fraud
Key Docs
Official SEC press release
33.9078 -84.4643

International Management Associates, LLC, International Management Advisory Group, LLC, International Management Associates Platinum Group, LLC, International Management Emerald Fund, LLC, International Management Associates Taurus Fund, LLC, Internation

Defendants raised between $115 and $185 million from over 500 investors and then mislead those investors as to the value of the funds and the use of the invested funds for years when in reality the funds had mostly dissipated.

Defendants:
International Management Associates, LLC, International Management Advisory Group, LLC, International Management Associates Platinum Group, LLC, International Management Emerald Fund, LLC, International Management Associates Taurus Fund, LLC, International Management Growth & Income Fund, LLC, International Management Associates Sunset Fund, LLC, Platinum II Fund, LP, Emerald Fund, LP
Kirk S. Wright
Sanction Amount:
$19,925,909
Violation
Offering Fraud
Key Docs
Official SEC press release
34.2101 -118.479

Internet Broadcast Group, One Touch Marketing, Inc., Richard Parnell

Defendants violated federal securities laws by selling unregistered securities even though neither defendant was a registered broker-dealer moreover Defendants use false and misleading marketing materials while selling the unregistered securities.

Defendants:
Internet Broadcast Group, One Touch marketing, Inc.
Richard Parnell
Sanction Amount:
$1,608,102
Violation
Offering Fraud
Key Docs
Official SEC press release
40.7547 -73.9828

Interpublic Group of Companies, Inc., McCann-Erickson Worldwide, Inc., Salvatore LaGreca, Brian Watson

Defendants' management team negligently failed to discover that their accounting division was improperly booking over $100 million in various charges over the period of several years causing the Company to need to make numerous restatements.

Defendants:
Interpublic Group of Companies, Inc., McCann-Erickson Worldwide, Inc.
Salvatore LaGreca, Brian Watson
Sanction Amount:
$12,139,272
Violation
Financial Fraud
Key Docs
Official SEC press release
39.6357 -104.911

INVESCO Funds Group, Inc., AIM Advisors, Inc., AIM Distributors, Inc., Raymond R. Cunningham

Defendants engaged in a market timing scheme to place its hedge fund clients ahead of its smaller clients on various stock trades.

Defendants:
INVESCO Funds Group, Inc., AIM Advisors, Inc., AIM Distributors, Inc.
Raymond R. Cunningham
Sanction Amount:
$376,500,000
Violation
Trading and Pricing
Key Docs
Official SEC press release
33.6426 -117.636

Invest Better 2001, John/Jane Does 1-10, Cole A. Bartiromo

Defendant raised $1 million from over 100 investors on the guarantee of "guaranteed" and "risk free" returns. In reality the money was invested in a sports gambling ring.

Defendants:
Invest Better 2001, John/Jane Does 1-10
Cole A. Bartiromo
Sanction Amount:
$1,273,371
Violation
Market Manipulation
Key Docs
Official SEC press release
41.0222 -73.7293

ITT Corporation

Defendant Corporation violated the Foreign Corrupt Practices Act by making illegal payments to Chinese State Owned Entities in return for vaporable treatment.

Defendants:
ITT Corporation
Sanction Amount:
$1,678,650
Violation
Foreign Corrupt Practices Act
Key Docs
Official SEC press release
40.664 -73.6963

J&J Management Consulting, Paul R. Johnson, Caterina Johnson

Defendant raised over $15.5 million from over 400 investors to invest in his new parcel shipping company despite the fact that the company was considered a failed business a year before the sale of securities.

Defendants:
J&J Management Consulting
Paul R. Johnson, Caterina Johnson
Sanction Amount:
$2,911,606
Violation
Offering Fraud
Key Docs
Official SEC press release
35.9477 -86.8093

J.C. Reed & Company; Barron A. Mathis

Defendants sold unregistered securities based almost entirely upon false and misleading statements regarding the company's structure and profitability.

Defendants:
J.C. Reed & Company
Barron A. Mathis
Sanction Amount:
$30,854,178
Violation
Offering Fraud
Key Docs
Official SEC press release
40.7552 -73.9801

J.P. Morgan Chase & Co.

Defendant J.P. Morgan Chase violated securities laws by assisting Enron misstate its earning over a number of years by allowing the use of so called "pre pays" to mislead investors.

Defendants:
J.P. Morgan Chase & Co.
Sanction Amount:
$135,000,000
Violation
Financial Fraud
Key Docs
Official SEC press release
40.7555 -73.9768

J.P. Morgan Securities LLC, Edward S. Steffein

Defendant J .P. Morgan Securities mislead investors as to the credit worthiness and security of investments in a collateralized default obligation named Squared.

Defendants:
J.P. Morgan Securities LLC
Edward S. Steffein
Sanction Amount:
$153,600,000
Violation
Offering Fraud
Key Docs
Official SEC press release
40.7555 -73.9768

J.P. Morgan Securities LLC, J.P. Morgan Acceptance Corporation I, EMC Mortgage, LLC, Bear Stearns Asset Backed Securities I, LLC; Structured Asset Mortgage Investments II, Inc.; SACO I, Inc.

Defendants materially misstated the information regarding delinquency percentages in the residential mortgage backed securities tranches used to sell as securities.

Defendants:
J.P. Morgan Securities LLC, J.P. Morgan Acceptance Corporation I, EMC Mortgage, LLC, Bear Stearns Asset Backed Securities I, LLC; Structured Asset Mortgage Investments II, Inc.; SACO I,
Sanction Amount:
$296,915,536
Violation
Offering Fraud
Key Docs
Official SEC press release
40.7555 -73.9768

J.P. Morgan Securities, LLC

Defendant J.P. Morgan Securities violated securities laws by participating in a bid-rigging scheme aimed at least 91 municipal bond offerings.

Defendants:
J.P. Morgan Securities, LLC
Sanction Amount:
$51,186,349
Violation
Municipal Securities Fraud
Key Docs
Official SEC press release
0 0

Jack Calvin, Dan Wayne Adams, Dr. Charles Timson

Defendants participated in a prime bank scheme whereby they misled investors that their returns were guaranteed and would be upwards of 20%.

Defendants:
Jack Calvin, Dan Wayne Adams, Dr. Charles Timson
Sanction Amount:
$7,779,214
Violation
Offering Fraud
Key Docs
Official SEC press release
42.5623 -83.1494

James Asset Advisory, L.L.C., Anthony A. James

Defendant raised approximately $5.2 million for a new fund aimed at investing in stocks, bonds and mutual funds but instead bought himself a huge home, sports cars and other personal items.

Defendants:
James Asset Advisory, L.L.C.
Anthony A. James
Sanction Amount:
$2,605,108
Violation
Offering Fraud
Key Docs
Official SEC press release
0 0

James Clements, Zeina Smidi

Defendants operated a hedge fund based on the promise of high yield returns earned through foreign currency trading but in reality diverted the funds to their own personal uses.

Defendants:
James Clements, Zeina Smidi
Sanction Amount:
$6,363,715
Violation
Offering Fraud
Key Docs
Official SEC press release
0 0

James E. Koenig

Defendants engaged an a long running scheme to misrepresent Waste Management's financial statements resulting in earnings being overstated by $1.7 billion.

Defendants:
James E. Koenig
Sanction Amount:
$2,500,000
Violation
Financial Fraud
Key Docs
Official SEC press release
37.9998 -84.4434

James N. Turek, Plasticon International, Inc.

Defendant misappropriated at least $2.8 million from investors for personal use during the sale of unregistered securities in a company he controlled.

Defendants:
Plasticon International, Inc.
James N. Turek
Sanction Amount:
$3,157,836
Violation
Offering Fraud
Key Docs
Official SEC press release
0 0

James P. O'Donnell, Jay D. Boding, Debra L. Keith, Kenneth W. DiFonzo, Dwight J. Goslee, Harry J. Hill

Defendants manipulated the company's revenues by creating and then rely on so called cookie jar reserves to better smooth their earnings results.

Defendants:
James P. O'Donnell, Jay D. Boding, Debra L. Keith, Kenneth W. DiFonzo, Dwight J. Goslee, Harry J. Hill
Sanction Amount:
$1,700,000
Violation
Financial Fraud
Key Docs
Official SEC press release
0 0

James Roland Dial, Evan Nicolas Jarvis, Alex W. Ellerman

Defendants received over 13 million unregistered securities from a company they controlled then engaged in a scheme to pump up the value of that company through false and misleading material statements in order to sell those securities at an artificially high share price.

Defendants:
James Roland Dial, Evan Nicolas Jarvis, Alex W. Ellerman
Sanction Amount:
$4,635,802
Violation
Market Manipulation
Key Docs
Official SEC press release
0 0

Jamie L. Solow

Defendant aided and abetted violations of the net capital, books and records, and reporting provisions committed by one of his former firms.

Defendants:
Jamie L. Solow
Sanction Amount:
$6,071,275
Violation
Financial Fraud
Key Docs
Official SEC press release
0 0

Jay Gilbertson, Albert Bergonzi, Dominick Derosa

HBOC executives engaged in a scheme to mislead investors with a series of false and misleading statements.

Defendants:
Jay Gilbertson, Albert Bergonzi, Dominick Derosa
Sanction Amount:
$2,175,672
Violation
Financial Fraud
Key Docs
Official SEC press release
34.0675 -118.404

JB Oxford Holdings, Inc. National Clearing Corporation, James G. Lewis, Kraig L. Kibble, James Y. Lin

Defendants engaged in a long running market timing / late trading scheme to benefit their mutual fund clients at the expense of smaller clients on specific trades.

Defendants:
JB Oxford Holdings, Inc. National Clearing Corporation
James G. Lewis, Kraig L. Kibble, James Y. Lin
Sanction Amount:
$2,389,324
Violation
Trading and Pricing
Key Docs
Official SEC press release
0 0

Jeffrey B. Schmidt, Gary L. Gelnette

Defendants raised money from investors by promising extreme returns in the 30-40% range based on an investment in a skin care company.

Defendants:
Jeffrey B. Schmidt, Gary L. Gelnette
Sanction Amount:
$12,561,855
Violation
Offering Fraud
Key Docs
Official SEC press release
0 0

Jeffrey D. Chandler, Randall Jordan

Defendants lied to investors that they were raising funds to start a South American home shopping network when in reality they "misappropriated investors' proceeds, and spent a significant portion of the $5 million raised on automobiles, home furnishings, jewelry, travel, a boat, other entertainment, and to settle prior legal disputes that were unrelated to eComprar."

Defendants:
Jeffrey D. Chandler, Randall Jordan
Sanction Amount:
$1,885,108
Violation
Offering Fraud
Key Docs
Official SEC press release
0 0

Jeffrey L. Mowen, Thomas R. Fry, Bevan J. Wilde, Gary W. Hansen, Michael G. Butcher, James B. Mooring, David G. Bartholomew, and Michael W. Averett, and Erin O'Malley, f/k/a Erin O. Mowen

Defendant misappropriated millions of dollars from investors on the assurance he was going to invest in a foreign currency trading program but instead invested most of the money in themselves.

Defendants:
Jeffrey L. Mowen, Thomas R. Fry, Bevan J. Wilde, Gary W. Hansen, Michael G. Butcher, James B. Mooring, David G. Bartholomew, and Michael W. Averett, Defendants, and Erin O'Malley, f/k/a Erin O. Mowen
Sanction Amount:
$10,005,982
Violation
Offering Fraud
Key Docs
Official SEC press release
0 0

Jeffrey L. Mowen, Thomas R. Fry, Bevan J. Wilde, Gary W. Hansen, Michael G. Butcher, James B. Mooring, David G. Bartholomew, Michael W. Averett

Defendant misappropriated millions of dollars from investors on the assurance he was going to invest in a foreign currency trading program but instead invested most of the money in themselves.

Defendants:
Jeffrey L. Mowen, Thomas R. Fry, Bevan J. Wilde, Gary W. Hansen, Michael G. Butcher, James B. Mooring, David G. Bartholomew, Michael W. Averett
Sanction Amount:
$20,808,899
Violation
Offering Fraud
Key Docs
Official SEC press release
0 0

Jeffrey S. Fraser, Harry H. Herington, Eric J. Bur, Stephen M. Kovzan

Defendant Company failed to disclose the CEO's total compensation or prerequisite package in the amount of $1.18 million leading to investors being misled regarding the company's value.

Defendants:
Jeffrey S. Fraser, Harry H. Herington, Eric J. Bur, Stephen M. Kovzan
Sanction Amount:
$2,818,090
Violation
Financial Fraud
Key Docs
Official SEC press release
0 0

Jerry A. Womack

Defendant misrepresented to investors that he had developed his own "Dow Principal" that would guarantee large results year over year but instead spent much of the investors in his fund on himself.

Defendants:
Jerry A. Womack
Sanction Amount:
$19,103,869
Violation
Offering Fraud
Key Docs
Official SEC press release
0 0

JGP Global Gestao de Recursos LTDA.

The Commission accepted an Offer of Settlement in a case involving a investment advisor violating Rule 105 of Regulation M by purchasing a stock it had previously shorted

Defendants:
JGP Global Gestao de Recursos Ltda.
Sanction Amount:
$2,537,114
Violation
Trading and Pricing
Key Docs
Official SEC press release
0 0

John E. Brake

Defendant issued at least $20 million in promissory notes backed by real estate investments when, in reality, defendant owned no real estate at all.

Defendants:
John E. Brake
Sanction Amount:
$1,200,000
Violation
Offering Fraud
Key Docs
Official SEC press release
0 0

John Michael Kelly, Steven E. Rinder, Joseph A. Ripp, Mark Wovsaniker, David M. Colburn, Eric L. Keller, James F. MacGuidwin, Jay B. Rappaport

Defendants engaged in a scheme to artificially inflate AOL Time Warner's advertising revenue stream to benefit themselves.

Defendants:
John Michael Kelly, Steven E. Rinder, Joseph A. Ripp, Mark Wovsaniker, David M. Colburn, Eric L. Keller, James F. MacGuidwin, Jay B. Rappaport
Sanction Amount:
$7,065,604
Violation
Financial Fraud
Key Docs
Official SEC press release
0 0

John N. Milne

Defendant engaged in a scheme to fraudulently inflate company's earning estimates by agreeing to three party inter lease backs that allowed the company to improperly recognize revenue.

Defendants:
John N. Milne
Sanction Amount:
$6,250,000
Violation
Financial Fraud
Key Docs
Official SEC press release
40.4983 -74.4428

Johnson & Johnson ("J&J")

Defendant violated the Foreign Corrupt Practices Act by bribing public doctors in Poland and Romania in order to secure business in those countries.

Defendants:
Johnson & Johnson ("J&J")
Sanction Amount:
$48,666,316
Violation
Foreign Corrupt Practices Act
Key Docs
Official SEC press release
0 0

Jorge Gomez, Roberto Aleph Espinoza

Defendant made material false and misleading statements to a Mexican national in order to lure him into investing over $10 million and then misappropriated over $4.3 million.

Defendants:
Jorge Gomez, Roberto Aleph Espinoza
Sanction Amount:
$1,019,822
Violation
Offering Fraud
Key Docs
Official SEC press release
0 0

Joseph D. Radcliffe, Michael J. Radcliffe

Defendants engaged in a scheme to fraudulently misrepresent their company's sales by releasing false earnings reports.

Defendants:
Joseph D. Radcliffe, Michael J. Radcliffe
Sanction Amount:
$1,517,601
Violation
Financial Fraud
Key Docs
Official SEC press release
0 0

Joseph M. Braas, Michael J. Schlager

Defendants engaged in a fraudulent scheme to mislead investors in a fraudulent underwriting and reporting practices to hide mounting losses and defaults within EFI

Defendants:
Joseph M. Braas, Michael J. Schlager
Sanction Amount:
$2,610,326
Violation
Financial Fraud
Key Docs
Official SEC press release
0 0

Joseph P. Nacchio, Robert S. Woodruff, Robin R. Szeliga, Afshin Mohebbi, Gregory M. Casey, James J. Koslowski, Frank T. Noyes

Defendant engaged in secret side deals with investors to indefeasible rights agreements that allowed defendant to hide certain parts of the transaction from accountants.

Defendants:
Joseph P. Nacchio, Robert S. Woodruff, Robin R. Szeliga, Afshin Mohebbi, Gregory M. Casey, James J. Koslowski, Frank T. Noyes
Sanction Amount:
$2,097,425
Violation
Financial Fraud
Key Docs
Official SEC press release
0 0

Joseph W. Leighton

Defendant engaged in a market timing scheme to benefit his own positions in certain shares at the expense of his clients.

Defendants:
Joseph W. Leighton
Sanction Amount:
$4,099,547
Violation
Trading and Pricing
Key Docs
Official SEC press release
40.7641 -73.5173

Joshua Constantin, Windham Securities, Inc., Brian Solomon, Constantin Resource Group, Inc., Domestic Applications Corp.,

Defendants misrepresented their investment acumen, investment experience and the intended use of investors' funds.

Defendants:
Windham Securities, Inc., Constantin Resource Group, Inc., Domestic Applications Corp.
Joshua Constantin, Brian Solomon
Sanction Amount:
$4,031,000
Violation
Offering Fraud
Key Docs
Official SEC press release
40.7559 -73.9756

JPMorgan Chase & Co.

Defendant J.P. Morgan failed to exercise proper oversight in failing to detect losses on several high risk trades that should have been disclosed to investors.

Defendants:
JP Morgan Chase
Sanction Amount:
$200,000,000
Violation
Financial Fraud
Key Docs
Official SEC press release
28.6308 -81.3185

K&L International Enterprises, Inc., Signature Leisure Inc., Signature Worldwide Advisors, LLC, Stephen Carnes, Lawrence Poalisz

Defendants sold billion of unregistered microcap shares to the investing public in violation of securities laws.

Defendants:
K&L International Enterprises, Inc., Signature Leisure Inc., Signature Worldwide Advisors, LLC
Stephen Carnes, Lawrence Poalisz
Sanction Amount:
$17,241,421
Violation
Offering Fraud
Key Docs
Official SEC press release
29.7533 -95.3723

KBR, Inc., Halliburton Co.

Defendants violated the Foreign Corrupt Practices Act by paying bribes to Nigerian officials in exchange for favorable treatment.

Defendants:
KBR, Inc., Halliburton Co.
Sanction Amount:
$177,000,000
Violation
Foreign Corrupt Practices Act
Key Docs
Official SEC press release
0 0

Keyuan Petrochemicals, Inc., Aichun Li

Defendants failed to report numerous material related party transactions as required by GAAP.

Defendants:
Keyuan Petrochemicals, Inc.
Aichun Li
Sanction Amount:
$1,025,000
Violation
Financial Fraud
Key Docs
Official SEC press release
30.2094 -81.4008

Kimberly J. Carrella and Vincent M. Carrella

Defendants failed to disclose material information to investors in luring them into investments in various brokerage accounts.

Defendants:
Kimberly J. Carrella, Vincent M. Carrella
Sanction Amount:
$4,000,000
Violation
Market Manipulation
Key Docs
Official SEC press release
40.8588 -73.3952

Kimberly's Securities, Inc., Kimberly J. Carrella, Vincent M. Carrella

Defendants failed to disclose material information to investors in luring them into investments in various brokerage accounts.

Defendants:
Kimberly's Securities, Inc.
Kimberly J. Carrella, Vincent M. Carrella
Sanction Amount:
$3,946,731
Violation
Market Manipulation
Key Docs
Official SEC press release
40.7579 -73.9722

KPMG LLP, Xerox Corporation, Paul A. Allaire, G. Richard Thoman, Barry D. Romeril, Philip D. Fishbach, Daniel S. Marchibroda, Gregory B. Tayler

Defendant KPMG aided and abetted Xerox corporation in violating the anti-fraud, reporting, record keeping and internal control provisions of the securities laws.

Defendants:
KPMG LLP, Xerox Corporation
Paul A. Allaire, G. Richard Thoman, Barry D. Romeril, Philip D. Fishbach, Daniel S. Marchibroda, Gregory B. Tayler
Sanction Amount:
$22,475,000
Violation
Financial Fraud
Key Docs
Official SEC press release
0 0

Kris Chellam

Defendant tipped Rajaratnam that a company's drug trials were not successful so Rajaratnam could trade on the material non-public information.

Defendants:
Kris Chellam
Sanction Amount:
$1,760,067
Violation
Trading and Pricing
Key Docs
Official SEC press release
40.7605 -73.9733

Langley Partners, L.P. North Olmsted Partners, L.P., Quantico Partners, L.P., Jeffrey Thorp

Defendants engaged in naked short selling of PIPE transactions it was engaged in in violation of securities laws.

Defendants:
Langley Partners, L.P. North Olmsted Partners, L.P., Quantico Partners, L.P.
Jeffrey Thorp
Sanction Amount:
$15,817,928
Violation
Offering Fraud
Key Docs
Official SEC press release
0 0

Larry Grabarnick, Marc David Shiner, Donald LaBarre, Sara Jane Peck

Defendants engaged in boiler room style securities sales to investors that responded to spam emails.

Defendants:
Larry Grabarnick, Marc David Shiner, Donald LaBarre, Sara Jane Peck
Sanction Amount:
$7,295,760
Violation
Offering Fraud
Key Docs
Official SEC press release
0 0

Lary A. Stockett

Defendant made material false and misleading statements regarding his disciplinary history, his investing experience and the quality of investments he was making.

Defendants:
Lary A. Stockett
Sanction Amount:
$1,956,182
Violation
Market Manipulation
Key Docs
Official SEC press release
39.1428 -77.1981

Latin American Services, Inc., Cyprus Funds, Inc., Eric V. Bartoli

Defendants operated a Ponzi Scheme whereby they mislead investors into believing they were investing in blue chip securities when in reality they were using the funds for personal use.

Defendants:
Latin American Services, Inc., Cyprus Funds, Inc.
Eric V. Bartoli
Sanction Amount:
$49,054,388
Violation
Offering Fraud
Key Docs
Official SEC press release
0 0

Lawrence R. Goldfarb

Defendant hedge fund manager engaged in a scheme where he hid money from his investors using a "side pocket" account that allowed him to divert the money to his personal use.

Defendants:
Lawrence R. Goldfarb
Sanction Amount:
$14,209,787
Violation
Financial Fraud
Key Docs
Official SEC press release
0 0

Lawrence Robbins

Defendant learned of material inside information regarding biotechnology companies through his consulting position and traded on that information.

Defendants:
Lawrence Robbins
Sanction Amount:
$1,015,000
Violation
Trading and Pricing
Key Docs
Official SEC press release
41.0092 -75.1122

Lazare Industries, Inc., Richard Harley, Jacqueline Kube

Defendants made material false and misleading statements in connection with the sale of unregistered securities.

Defendants:
Lazare Industries, Inc.
Richard Harley, Jacqueline Kube
Sanction Amount:
$2,475,911
Violation
Offering Fraud
Key Docs
Official SEC press release
41.0178 -73.6231

Level Global Investors LP

Defendant hedge fund analysts learned of highly sensitive information regarding Dell and NVidia company through his position and tipped others who then traded on the information.

Defendants:
Level Global Investors LP
Sanction Amount:
$21,514,274
Violation
Trading and Pricing
Key Docs
Official SEC press release
40.7659 -111.9

LinkNet, Inc., LinkNet de America Latina, Ltd., Joseph M. Isaac, Allen R. Johnson, Dale R. Carone

Defendants failed to disclose material information regarding high commission fees (up to 30%) paid on investors' investments.

Defendants:
LinkNet, Inc., LinkNet de America Latina, Ltd.
Joseph M. Isaac, Allen R. Johnson, Dale R. Carone
Sanction Amount:
$2,427,586
Violation
Offering Fraud
Key Docs
Official SEC press release
39.9497 -75.1654

LMC Assets Corp., Jeffrey L. Leach, Hubert A. Leach

Defendants made material false and misleading statements and failed to disclose material information regarding micro-tender offers he was offering.

Defendants:
LMC Assets Corp.
Jeffrey L. Leach, Hubert A. Leach
Sanction Amount:
$8,327,553
Violation
Offering Fraud
Key Docs
Official SEC press release
32.2933 -64.7822

LOM (Holdings) Ltd., Lines Overseas Management Ltd., LOM Capital Ltd., LOM Securities (Bermuda) Ltd., LOM Securities (Cayman) Ltd., LOM Securities (Bahamas) Ltd., Brian N. Lines, Scott G.S. Lines, Anthony W. Wile, Wayne E. Wile, Robert J. Chapman, William

Defendants engaged in a scheme to artificially inflate share prices in the company and then traded in those shares at the artificially high prices.

Defendants:
LOM (Holdings) Ltd., Lines Overseas Management Ltd., LOM Capital Ltd., LOM Securities (Bermuda) Ltd., LOM Securities (Cayman) Ltd., LOM Securities (Bahamas) Ltd.
Brian N. Lines, Scott G.S. Lines, Anthony W. Wile, Wayne E. Wile, Robert J. Chapman, William Todd Peever, Phillip James Curtis, Ryan G. Leeds
Sanction Amount:
$7,091,886
Violation
Market Manipulation
Key Docs
Official SEC press release
30.3211 -97.8066

Lorus Investments, Inc., Capital Management Fund, Limited Partnership, J. Scott Eskind

Defendant was a recidivist securities laws violator engaged in a scheme to sell fraudulent IRA accounts.

Defendants:
Lorus Investments, Inc., Capital Management Fund, Limited Partnership
J. Scott Eskind
Sanction Amount:
$5,044,774
Violation
Offering Fraud
Key Docs
Official SEC press release
0 0

Lou L. Pai

Defendant avoided losses in the Enron collapse by selling his shares prior to the collapse using material non-public information he learned in his role as a senior executive at the company.

Defendants:
Lou L. Pai
Sanction Amount:
$31,500,000
Violation
Financial Fraud
Key Docs
Official SEC press release
34.2019 -119.009

Louis R. Tomasetta, Eugene F. Hovanec

Defendants engaged in a scheme to misrepresent their company's revenues by channel stuffing product and recognizing the revenue even though they knew there was no demand for the excess product, thereby violating GAAP.

Defendants:
Louis R. Tomasetta, Eugene F. Hovanec
Sanction Amount:
$3,057,730
Violation
Financial Fraud
Key Docs
Official SEC press release
40.0391 -86.1392

Lowell Gene �Bob� Hancher, Commerce Street Venture Group, Inc., Edward T. Whelan, Grace Holdings, Inc.

Defendant raised more than $1.8 million from 60 investors claiming they would invest the money in a Colorado construction company - in reality they used the money for personal use.

Defendants:
Commerce Street Venture Group, Inc., Grace Holdings, Inc.
Lowell Gene �Bob� Hancher, Edward T. Whelan
Sanction Amount:
$3,155,745
Violation
Offering Fraud
Key Docs
Official SEC press release
40.6841 -74.4013

Lucent Technologies, Inc.

Defendant Lucent Technologies violated the Foreign Corrupt Practices Act by paying Chinese officials over $10 million in bribes in exchange for favorable treatment.

Defendants:
Lucent Technologies, Inc.
Sanction Amount:
$1,500,000
Violation
Foreign Corrupt Practices Act
Key Docs
Official SEC press release
40.6841 -74.4013

Lucent Technologies, Inc., Nina Aversano, Jay Carter, A. Leslie Dorn, WIlliam Plunkett, John Bratten, Deborah Harris, Charles Elliott, Vanessa Petrini, Michelle Hayes-Bullock, David Ackerman

Defendant Lucent Technologies violated GAAP when it improperly recognized over $1.1 billion in revenues over a one year period.

Defendants:
Lucent Technologies, Inc.
Nina Aversano, Jay Carter, A. Leslie Dorn, WIlliam Plunkett, John Bratten, Deborah Harris, Charles Elliott, Vanessa Petrini, Michelle Hayes-Bullock, David Ackerman
Sanction Amount:
$25,379,505
Violation
Financial Fraud
Key Docs
Official SEC press release
42.3592 -71.0575

Lydia Capital, LLC, Glenn Manterfield, Evan K. Andersen

Defendants fraudulently raised approximately $34 million on the promise of investing in a portfolio of life insurance policies, instead they used many of the funds for personal uses.

Defendants:
Lydia Capital, LLC
Glenn Manterfield, Evan Andersen
Sanction Amount:
$4,705,998
Violation
Financial Fraud
Key Docs
Official SEC press release
0 0

M. Mark McAdams, R. Dane Freeman

Defendants lured investors to invest to invest with them on the promise of investing in AAA and AA rated bonds but instead used the money for personal use.

Defendants:
M. Mark McAdams, R. Dane Freeman
Sanction Amount:
$4,527,794
Violation
Offering Fraud
Key Docs
Official SEC press release
44.894 -93.4151

MAAA Trust, Musicland Stores Corporation, Inc., C-Cube Microsystems, Inc., Cirrus Logic, Inc., Alfred S. Teo, Sr., Mitch Sacks, Teren Seto Handelman, Phil Sacks, John Reier, Larry Rosen, Rich Herron, Charles Fortune, Jerrold Johnston, Mark Lauzon, David R

Defendants learned of non-public material information in the company and both traded on that information and tipped others of the information.

Defendants:
MAAA Trust, Musicland Stores Corporation, Inc.,, C-Cube Microsystems, Inc., Cirrus Logic, Inc.
Alfred S. Teo, Sr., Mitch Sacks, Teren Seto Handelman, Phil Sacks, John Reier, Larry Rosen, Rich Herron, Charles Fortune, Jerrold Johnston, Mark Lauzon, David Ross, James Ruffolo
Sanction Amount:
$49,493,143
Violation
Financial Fraud
Key Docs
Official SEC press release
0 0

Magellan Communications Group, LLC, Northern Lights Financial, LLC, Joseph Lloyd Norris, Mark Gray Coleman

Defendants lured investors to invest with them on the promise of 48-84% interest annually earned off an investment in off shore trading programs. Defendants lost the money in these investments and tried to hide those losses with false financial statements.

Defendants:
Magellan Communications Group, LLC, Northern Lights Financial, LLC
Joseph Lloyd Norris, Mark Gray Coleman
Sanction Amount:
$8,847,298
Violation
Offering Fraud
Key Docs
Official SEC press release
47.4976 19.0289

Magyar Telekom Plc., Deutsche Telekom AG, Elek Straub, Andras Balogh, Tamas Morvai

Defendants violated the Foreign Corrupt Practices Act by paying bribes to Macedonia and Montenegro officials in exchange for favorable treatment.

Defendants:
Magyar Telekom Plc., Deutsche Telekom AG
Elek Straub, Andras Balogh, Tamas Morvai
Sanction Amount:
$31,200,000
Violation
Foreign Corrupt Practices Act
Key Docs
Official SEC press release
40.7554 -73.9844

Manikay Partners LLC

Defendant violated Rule 105 of Regulation M by purchasing shares in a public offering after previously holding a short position in the same company.

Defendants:
Manikay Partners LLC
Sanction Amount:
$2,551,791
Violation
Trading and Pricing
Key Docs
Official SEC press release
0 0

Mark E. Koenig

Defendant former Enron official violated securities laws by aiding and abetting the dissemination of false and misleading statements regarding the well being of Enron.

Defendants:
Mark E. Koenig
Sanction Amount:
$1,493,572
Violation
Financial Fraud
Key Docs
Official SEC press release
0 0

Mark J. Gabelli, Bruce Alpert

Defendants engaged in a market timing scheme to place its hedge fund clients ahead of its smaller clients on various stock trades.

Defendants:
Mark J. Gabelli, Bruce Alpert
Sanction Amount:
$16,000,000
Violation
Trading and Pricing
Key Docs
Official SEC press release
0 0

Mark Joseph Peterson Boucher, Gary Paul Johnson, John E. Brake

Defendants raised $20 million by investors on the promise the money would be invested in secured real estate development. In reality the real estate developments were not secured and quickly became debt laden resulting in the loss of the investment.

Defendants:
Mark Joseph Peterson Boucher, Gary Paul Johnson, John E. Brake
Sanction Amount:
$2,720,000
Violation
Offering Fraud
Key Docs
Official SEC press release
0 0

Mark Leslie, Kenneth E. Lonchar, Paul A. Sallaberry, Michael M. Cully, Douglas S. Newton

Defendants fraudulently inflated Veritas' revenue by $20 million in connection with a software sale to AOL.

Defendants:
Mark Leslie, Kenneth E. Lonchar, Paul A. Sallaberry, Michael M. Cully, Douglas S. Newton
Sanction Amount:
$1,575,000
Violation
Financial Fraud
Key Docs
Official SEC press release
32.9756 -96.9616

Mark Meyer & Associates, Inc, Michael E. Kelly, Mark G. Meyer

Defendants engaged in the fraudulent sale of "Universal Leases" in time shares to investors with the false assurance of guaranteed occupancy.

Defendants:
Mark Meyer & Associates, Inc
Michael E. Kelly, Mark G. Meyer
Sanction Amount:
$2,447,933
Violation
Offering Fraud
Key Docs
Official SEC press release
32.8475 -96.7711

Market 99, Ltd. f/k/a eCarfly, Inc., Tryst Capital Group, LLC, Griffdom Enterprises, Inc., Testre, L.P., Dellatalia, L.P., Ryan M. Reynolds, Desmond J. Milligan, Jason W. Brola, Timothy T. Page

Defendants made numerous false and misleading statements about their company in order to generate demand for their shares.

Defendants:
Market 99, Ltd. f/k/a eCarfly, Inc., Tryst Capital Group, LLC, Griffdom Enterprises, Inc., Testre, L.P., Dellatalia, L.P.
Ryan M. Reynolds, Desmond J. Milligan, Jason W. Brola, Timothy T. Page
Sanction Amount:
$4,069,905
Violation
Offering Fraud
Key Docs
Official SEC press release
0 0

Martin A. Pool

Defendant operated a Ponzi scheme where he lured investors to invest with him with promises of returns ranging from 10-240% then used those investments for personal use and to pay interest payments on prior investments.

Defendants:
Martin A. Pool
Sanction Amount:
$1,389,445
Violation
Offering Fraud
Key Docs
Official SEC press release
0 0

Martin J. Druffner, Skifter Ajro

Defendants engaged in a market timing scheme to place its hedge fund clients ahead of its smaller clients on various stock trades.

Defendants:
Martin J. Druffner, Skifter Ajro
Sanction Amount:
$1,255,584
Violation
Trading and Pricing
Key Docs
Official SEC press release
42.1169 -72.5476

Massachusetts Mutual Life Insurance Co.

The Commission accepted an Offer of Settlement from defendant investment company for failing to disclose various risks associated with making withdraws on mutual fund investments.

Defendants:
Massachusetts Mutual Life Insurance Co.
Sanction Amount:
$1,625,000
Violation
Offering Fraud
Key Docs
Official SEC press release
0 0

Matthew J. Gagnon

Defendant operated a Ponzi scheme where he raised over $72 million from 3,000 investors on the promise of 15% returns and instead used the money for personal use.

Defendants:
Matthew J. Gagnon
Sanction Amount:
$4,201,829
Violation
Offering Fraud
Key Docs
Official SEC press release
0 0

Maurice R. Greenberg, Howard I. Smith

Defendant Hank Greenberg and others made a series of material fraudulent and misleading statements causing investors to believe that AIG was making earnings estimates.

Defendants:
Maurice R. Greenberg, Howard I. Smith
Sanction Amount:
$16,500,000
Violation
Financial Fraud
Key Docs
Official SEC press release
0 0

Max Francois, Jean Fritz Montinard, Aiby Pierre-Louis, Maguy Nerus

Defendants operated a Ponzi scheme targeting Haitian Americans with statements guaranteeing 15% returns but instead diverted the funds for personal use.

Defendants:
Max Francois, Jean Fritz Montinard, Aiby Pierre-Louis, Maguy Nerus
Sanction Amount:
$6,380,000
Violation
Offering Fraud
Key Docs
Official SEC press release
33.9297 -118.396

Maximum Return Investments, Inc., Clelia A. Flores

Defendants operated a Ponzi scheme where they lured investors with promises of guaranteed returns of up to 25% over very short period but instead used the money to service interest payments on earlier investments and for personal use.

Defendants:
Maximum Return Investments, Inc.
Clelia A. Flores
Sanction Amount:
$11,395,517
Violation
Offering Fraud
Key Docs
Official SEC press release
32.8231 -117.131

Maxwell Technologies, Inc.

Defendant violated the Foreign Corrupt Practices Act by paying bribes to Chinese officials in exchange for favorable treatment.

Defendants:
Maxwell Technologies, Inc.
Sanction Amount:
$6,350,890
Violation
Foreign Corrupt Practices Act
Key Docs
Official SEC press release
0 0

Mayer Amsel, David Amsel

Defendants violated Rule S-8 by awarding unregistered shares intended for compensation or bonuses to non-employee.

Defendants:
Mayer Amsel, David Amsel
Sanction Amount:
$2,433,412
Violation
Market Manipulation
Key Docs
Official SEC press release
41.0916 -73.7242

MBIA Inc.

Defendant improperly recognized funds from a reinsurance policy as revenues allowing the company to avoid its first earning miss.

Defendants:
MBIA Inc.
Sanction Amount:
$50,000,000
Violation
Financial Fraud
Key Docs
Official SEC press release
37.3858 -121.973

McAfee, Inc.

Defendant McAfee corporation falsified its revenues by stuffing its distributor channels full of product and booking the revenue from that excess product in violation of GAAP because the product was not likely to sell in the reasonable amount of time.

Defendants:
McAfee, Inc.
Sanction Amount:
$50,000,000
Violation
Financial Fraud
Key Docs
Official SEC press release
54.2043 -2.73059

McMinn Consultants, McMinn Consultants, Limited, Dianna Blairtorbett a/k/a Dianna Blair Torbett a/k/a Dianna Blair-Torbett

Defendants operated a Ponzi scheme where they lured investors with promises of extravagant returns but instead used the money to service interest payments on earlier investments and for personal use.

Defendants:
McMinn Consultants, McMinn Consultants, Limited
Dianna Blairtorbett a/k/a Dianna Blair Torbett a/k/a Dianna Blair-Torbett
Sanction Amount:
$7,039,050
Violation
Offering Fraud
Key Docs
Official SEC press release
37.0635 -76.4082

Measurement Specialties, Inc., Kirk J. Dischino

Defendants misled investors by overstating its earnings by capitalizing overhead expenses into inventory in a manner that was inconsistent with GAAP.

Defendants:
Measurement Specialties, Inc.
Kirk J. Dischino
Sanction Amount:
$1,453,400
Violation
Financial Fraud
Key Docs
Official SEC press release
40.8073 -73.2594

MedLink International, Inc., Aurelio Vuono, James Rose

Defendant engaged in a scheme to raise the price of penny stock with material false and misleading statements then traded in the stock at the artificially high price.

Defendants:
MedLink International, Inc.
Aurelio Vuono, James Rose
Sanction Amount:
$1,068,416
Violation
Financial Fraud
Key Docs
Official SEC press release
37.4148 -122.018

Mercury Interactive, LLC f/k/a Mercury Interactive Corporation, Amnon Landan, Sharlene Abrams, Douglas Smith, Susan Skaer

Defendants engaged in a scheme to award themselves backdated deeply in the money options which they failed to disclose.

Defendants:
Mercury Interactive, LLC f/k/a Mercury Interactive Corporation
Amnon Landan, Sharlene Abrams, Douglas Smith, Susan Skaer
Sanction Amount:
$30,712,914
Violation
Financial Fraud
Key Docs
Official SEC press release
36.1235 -115.325

Merendon Mining (Nevada) Inc., Syndicated Gold Depository Inc., now known as Bahama Resources Alliance Ltd., Merendon Mining Corp. Ltd., Institute For Financial Learning Group of Companies, Inc., Larry Lee Adair, Milowe Allen Brost a/k/a Milo Brost, M.B.

Defendants operated a Ponzi scheme luring investors to invest with them with promises of 18-36% returns but instead used the money for personal uses.

Defendants:
Merendon Mining (Nevada) Inc., Syndicated Gold Depository Inc., now known as Bahama Resources Alliance Ltd., Merendon Mining Corp. Ltd., Institute For Financial Learning Group of Companies, Inc.
Larry Lee Adair, Milowe Allen Brost a/k/a Milo Brost, M.B. Gonne or Phillip K. Collins, Ward K. Capstick, Bradley Dean Regier, Gary Allen Sorenson a/k/a Don Grey Fox, Martin M. Werner, Thelma Sorenson
Sanction Amount:
$310,959,560
Violation
Offering Fraud
Key Docs
Official SEC press release
40.7142 -74.0161

Merrill Lynch

Defendants Merrill Lynch mislead investors about the risks and liquidity of auction rate securities.

Defendants:
Merrill Lynch
Sanction Amount:
$7,000,000,000
Violation
Offering Fraud
Key Docs
Official SEC press release
30.2744 -97.817

Michael Bozora, Timothy Redpath, Capital Solutions Distributors, LLC, Capital Solutions Management, LP

Defendants made material false and misleading statements to investors about the health of the investment fund causing investors to believe the fund was performing well.

Defendants:
Capital Solutions Distributors, LLC, Capital Solutions Management, LP
Michael Bozora, Timothy Redpath
Sanction Amount:
$5,951,387
Violation
Financial Fraud
Key Docs
Official SEC press release
0 0

Michael Clarke

Defendant engaged in a prime bank scheme that lured investors with promises of astronomical returns (as much as 300%) in as little as 12 days.

Defendants:
Michael Clarke
Sanction Amount:
$24,913,373
Violation
Offering Fraud
Key Docs
Official SEC press release
0 0

Michael E. Kelly, George L. Phelps

Defendants engaged in the fraudulent sale of "Universal Leases" in time shares to investors with the false assurance of guaranteed occupancy.

Defendants:
Michael E. Kelly, George L. Phelps
Sanction Amount:
$3,042,500
Violation
Offering Fraud
Key Docs
Official SEC press release
30.4922 -97.8286

Michael E. Kelly, William K. Boston, Jr., Warren T. Chambers

Defendants engaged in the fraudulent sale of "Universal Leases" in time shares to investors with the false assurance of guaranteed occupancy.

Defendants:
Century Estate Planning, Inc.
Michael E. Kelly, William K. Boston, Jr., Warren T. Chambers
Sanction Amount:
$2,712,914
Violation
Offering Fraud
Key Docs
Official SEC press release
0 0

Michael J. Pietrzak, Maurice W. Furlong

Defendants made a series of false and misleading statements to inflate the value of their company's shares and then sold shares at the inflated price.

Defendants:
Michael J. Pietrzak, Maurice W. Furlong
Sanction Amount:
$8,155,072
Violation
Financial Fraud
Key Docs
Official SEC press release
0 0

Michael Lauer

Defendant operated a hedge fund scheme where he lured investors with promises of extreme returns.

Defendants:
Michael Lauer
Sanction Amount:
$62,596,808
Violation
Financial Fraud
Key Docs
Official SEC press release
0 0

Michael Saquella a/k/a Michael Paloma, Lawrence Kaplan

Complainant misled executives from struggling companies that he was a financier with expertise in turning around companies and convinced those executives to award him shares in the company which he then sold into the market.

Defendants:
Michael Saquella a/k/a Michael Paloma, Lawrence Kaplan
Sanction Amount:
$3,318,058
Violation
Market Manipulation
Key Docs
Official SEC press release
0 0

Michael Strauss, Stephen Hozie, Robert Bernstein

Defendants made a series of false and misleading statements regarding the losses the company experienced as a result of mortgage defaults and the overall strength of the company's financial performance.

Defendants:
Michael Strauss, Stephen Hozie, Robert Bernstein
Sanction Amount:
$2,450,000
Violation
Financial Fraud
Key Docs
Official SEC press release
40.2185 -111.635

Mike Waston Capital LLC, Michael P. Watson, Joshua F. Escobedo

Defendants made false and misleading statements regarding the worth and stability of the real estate they were investing in.

Defendants:
Mike Watson Capital LLC
Michael P. Watson, Joshua F. Escobedo
Sanction Amount:
$18,637,258
Violation
Offering Fraud
Key Docs
Official SEC press release
0 0

Mizuho Financial Group, Alexander Rekeda, Xavier Capdepon, Gwen Snorteland

Defendants misled investors over the value of collateralized debt obligations using so-called dummy assets.

Defendants:
Mizuho Financial Group
Alexander Rekeda, Xavier Capdepon, Gwen Snorteland
Sanction Amount:
$127,500,000
Violation
Financial Fraud
Key Docs
Official SEC press release
0 0

Mohammed Mark Amin, Robert Reza Amin, Michael Mahmood Amin, Sam Saeed Pirnazar, Mary Teresa Coley, Ali Tashakori

Defendant learned of a new business product for the company during a business meeting and tipped this family members who made trades on the non-public material information.

Defendants:
Mohammed Mark Amin, Robert Reza Amin, Michael Mahmood Amin, Sam Saeed Pirnazar, Mary Teresa Coley, Ali Tashakori
Sanction Amount:
$1,933,491
Violation
Trading and Pricing
Key Docs
Official SEC press release
40.7498 -73.9756

Monster Worldwide, Inc.

Defendants misled investors by awarding backdated deeply in the money options which allowed the defendants to avoid disclosing the option awards and allowed to the company to misstate its earnings.

Defendants:
Monster Worldwide, Inc.
Sanction Amount:
$2,500,000
Violation
Financial Fraud
Key Docs
Official SEC press release
40.7432 -73.9863

Morgan Keegan & Company, Morgan Asset Management, James C. Kelsoe Jr., Joseph Thompson Weller

Defendant used improper valuation techniques to overstate the value of subprime mortgage backed securities.

Defendants:
Morgan Keegan & Company, Morgan Asset Management
James C. Kelsoe Jr., Joseph Thompson Weller
Sanction Amount:
$200,000,000
Violation
Financial Fraud
Key Docs
Official SEC press release
39.9131 -80.4345

Mountain Energy, Inc., Donald John Christensen II, Jack E. Uselton, Marc R. Tow, George W. Guttman, Joseph M. Blumenthal

Defendants engaged in a pump and dump scheme in a new company by issuing a series of false and misleading statements driving up the share price - defendants than traded in the propped up security.

Defendants:
Mountain Energy, Inc.
Donald John Christensen II, Jack E. Uselton, Marc R. Tow, George W. Guttman, Joseph M. Blumenthal
Sanction Amount:
$1,350,000
Violation
Market Manipulation
Key Docs
Official SEC press release
26.1219 -80.1409

Mutual Benefits Corp. , Camden Consulting, Inc., SKS Consulting, Inc., Steven Steiner, Joel Steinger, Leslie Steinger, Peter Lombardi

Defendants made false and misleading statements regarding the worth and stability of the viatical contracts they were investing in.

Defendants:
Mutual Benefits Corporation, Camden Consulting, Inc., SKS Consulting, Inc.
Steven Steiner, Joel Steinger, Leslie Steinger, Peter Lombardi
Sanction Amount:
$28,425,000
Violation
Offering Fraud
Key Docs
Official SEC press release
36.1627 -115.149

MX Factors LLC, BBH Resources LLC, JTL Financial Group LLC, Richard M. Harkless, Daniel J. Berardi, Jr., Thomas Hawkesworth, Randall W. Harding

Defendants operated a hedge fund that lured investors with the promise of 12% return in as little as 60 or 90 days when in reality the money was used for personal affairs.

Defendants:
MX Factors LLC, BBH Resources LLC, JTL Financial Group LLC,
Richard M. Harkless, Daniel J. Berardi, Jr., Thomas Hawkesworth, Randall W. Harding
Sanction Amount:
$70,000,000
Violation
Offering Fraud
Key Docs
Official SEC press release
0 0

Myron Weiner

Defendant received unregistered discounted shares in a start-up company then violated Section 5 of the Securities laws by selling these shares into the market without an exemption.

Defendants:
Myron Weiner
Sanction Amount:
$1,345,192
Violation
Offering Fraud
Key Docs
Official SEC press release
0 0

Nancy R. Heinen, Fred D. Anderson

Defendants received backdated shares in Apple Corp. allowing the company to hide the awards and misstate earnings.

Defendants:
Nancy R. Heinen, Fred D. Anderson
Sanction Amount:
$5,806,453
Violation
Financial Fraud
Key Docs
Official SEC press release
42.2332 -71.2884

National Financial Communications, Inc.

Defendants misled investors in penny stocks by publishing misleading information in an investment guide about the companies.

Defendants:
National Financial Communications, Inc.
Sanction Amount:
$1,644,081
Violation
Financial Fraud
Key Docs
Official SEC press release
40.17 -80.2455

National Institute Companies, Inc., John A. D'Onofrio, Robert C. Walters, Dennis J. Oslosky, Jason J. Riley, Raymond P. Sobieralski

Defendants operated a Ponzi scheme where they raised $2.3 million from investors and used that money for personal use and to pay interest on earlier investments.

Defendants:
National Institute Companies of America, Inc.
John A. D'Onofrio, Robert C. Walters, Dennis J. Oslosky, Jason J. Riley, Raymond P. Sobieralski
Sanction Amount:
$2,016,875
Violation
Offering Fraud
Key Docs
Official SEC press release
29.028 -81.3063

National Investment Enterprises, Michael Garian a/k/a Melkon Gharakhanian a/k/a Bika Balian

Defendant engaged in a scheme targeting members of the American Armenian community with assurances he had information pertaining to hot shares and upcoming IPOs where he had no information and did not make investments.

Defendants:
National Investment Enterprises
Michael Garian a/k/a Melkon Gharakhanian a/k/a Bika Balian
Sanction Amount:
$2,722,490
Violation
Offering Fraud
Key Docs
Official SEC press release
42.9546 -71.5048

New Futures Trading International Corporation, Henry Roche

Defendant operated a Ponzi scheme where he lured investors with guarantees of 200% return in 14 months but instead used the money for personal use.

Defendants:
New Futures Trading International Corporation
Henry Roche
Sanction Amount:
$2,867,779
Violation
Offering Fraud
Key Docs
Official SEC press release
40.7069 -74.0113

New York Stock Exchange (NYSE), NYSE Euronext

Defendant NYSE violated securities laws by disclosing material information to investors over proprietary lines before disclosing the information to the broader investing public as a whole.

Defendants:
New York Stock Exchange (NYSE), NYSE Euronext
Sanction Amount:
$5,000,000
Violation
Trading and Pricing
Key Docs
Official SEC press release
37.7893 -122.401

NextCard, Inc., Jeremy R. Lent, John Hashman, Yinzi Cai, Bruce Rigione, Douglas Wachtel

Defendants made a series of false and misleading statements regarding the losses and credit delinquencies of its customer base to mislead investors about the company's performance.

Defendants:
NextCard, Inc.
Jeremy R. Lent, John Hashman, Yinzi Cai, Bruce Rigione, Douglas Wachtel
Sanction Amount:
$1,400,000
Violation
Financial Fraud
Key Docs
Official SEC press release
41.8828 -87.635

NextStep Medical Staffing IL, Inc., NextStep Holdings, Inc., Spectrum Entertainment Group Inc., The Ilumina Group, Inc., David J. Hernandez, Glina M. Hernandez

Defendants misled investors to invest with them by making false and misleading statements about the investment path, their investing experience and their access to information - none of which were as they represented.

Defendants:
NextStep Medical Staffing IL, Inc., NextStep Holdings, Inc., Spectrum Entertainment Group Inc., The Ilumina Group, Inc
David J. Hernandez, Glina M. Hernandez
Sanction Amount:
$4,689,834
Violation
Offering Fraud
Key Docs
Official SEC press release
0 0

Nicholas A. Czuczko

Defendant operated a website that made recommendations on hot penny stocks to buy. Defendant also owned the shares he was recommending people buy and would sell them in the market after his readers started purchasing the shares and pushing the price up.

Defendants:
Nicholas A. Czuczko
Sanction Amount:
$1,773,569
Violation
Market Manipulation
Key Docs
Official SEC press release
0 0

Nicolette Loisel, Alena Dubinsky

Defendants "hijack[ed] 22 defunct or inactive publicly-traded companies and drafting 28 legal opinion letters falsely representing that offerings of approximately 223 million shares were exempt from the registration requirements of the federal securities laws."

Defendants:
Nicolette Loisel, Alena Dubinsky
Sanction Amount:
$1,229,250
Violation
Offering Fraud
Key Docs
Official SEC press release
40.7137 -73.8869

Nicor Inc., Jeffrey L. Metz

Defendant gas company misstated earnings by engaging in fraudulent inventory management so defendant could access cheaper gas inventories thereby increasing revenues and making its earnings estimates.

Defendants:
Nicor Inc.
Jeffrey L. Metz
Sanction Amount:
$10,060,051
Violation
Financial Fraud
Key Docs
Official SEC press release
29.625 -95.6016

Noble Corporation

Defendant violated the Foreign Corrupt Practices Act by making illegal payments to Nigerian officials in exchange for favorable treatment.

Defendants:
Noble Corporation
Sanction Amount:
$5,576,998
Violation
Foreign Corrupt Practices Act
Key Docs
Official SEC press release
40.7577 -73.9742

Nortel Networks Corporation, Nortel Networks Limited, Frank Dunn, Douglas Beatty, Michael Gollogly, MaryAnne Pahapill a/k/a Mary Anne Poland, Douglas Hamilton, Craig Johnson, James Kinney, Kenneth Taylor

Defendants fraudulently misrepresented the company's earnings by allowing the close of a reporting quarter to remain open so they could book additional revenues in that quarter.

Defendants:
Nortel Networks Corporation, Nortel Networks Limited
Frank Dunn, Douglas Beatty, Michael Gollogly, MaryAnne Pahapill a/k/a Mary Anne Poland, Douglas Hamilton, Craig Johnson, James Kinney, Kenneth Taylor
Sanction Amount:
$35,000,000
Violation
Financial Fraud
Key Docs
Official SEC press release
40.9217 -73.4503

Northshore Asset Management, LLC, Saldutti Capital Management, L.P., Ardent Research Partners L.P., Ardent Research Partners Ltd., Francis J. Saldutti, Kevin Kelley, Glenn Sherman, Robert Wildeman

Defendants purchased two hedge funds and almost immediately began diverting the investors' monies for their own personal use and eventually drained the funds of all resources.

Defendants:
Northshore Asset Management, LLC, Saldutti Capital Management, L.P., Ardent Research Partners L.P., Ardent Research Partners Ltd.
Francis J. Saldutti, Kevin Kelley, Glenn Sherman, Robert Wildeman
Sanction Amount:
$5,082,138
Violation
Financial Fraud
Key Docs
Official SEC press release
55.7553 12.4559

Novo Nordisk A/S

Defendant corporation violated the Foreign Corrupt Practices Act by making illegal payments to Iraq under the U.N. Oil For Food Program.

Defendants:
Novo Nordisk A/S
Sanction Amount:
$9,030,145
Violation
Foreign Corrupt Practices Act
Key Docs
Official SEC press release
36.0392 -115.128

Nu Star Holdings, Inc., Gerald Harold Levine, Marie A. Levine, Alan B. Copeland

Defendants operated boiler rooms in Spain and California where they targeted na

Defendants:
Nu Star Holdings, Inc.
Gerald Harold Levine, Marie A. Levine, Alan B. Copeland
Sanction Amount:
$3,501,689
Violation
Offering Fraud
Key Docs
Official SEC press release
21.3304 -157.883

Ohana International, Inc., Financial Solutions, Christiano Hashimoto

Defendants targeted majority African American churches in Southern California to raise $8 million on the guarantee of 30-day promissory notes with purported interest rates of 10-20%.

Defendants:
Ohana International, Inc., Financial Solutions
Christiano Hashimoto
Sanction Amount:
$18,562,396
Violation
Offering Fraud
Key Docs
Official SEC press release
0 0

Oliver Hilsenrath, David S. Klarman

Defendants used their access to control at their wireless company to transfer asset to off shore accounts that they had access to.

Defendants:
Oliver Hilsenrath, David S. Klarman
Sanction Amount:
$3,900,000
Violation
Financial Fraud
Key Docs
Official SEC press release
40.7075 -74.0116

One Wall Street, Inc., Donte C. Jarvis, Alan Brown, Willis "Bill" White III, Cecil Baptiste a/k/a John Latorri, La Shondra Hatter

Defendants targeted older investors in the scheme to sell shares to One Wall Street based on many false and misleading statements about the company.

Defendants:
One Wall Street, Inc.
Donte C. Jarvis, Alan Brown, Willis "Bill" White III, Cecil Baptiste a/k/a John Latorri, La Shondra Hatter
Sanction Amount:
$5,052,721
Violation
Offering Fraud
Key Docs
Official SEC press release
40.704 -74.0116

Oppenheimer Asset Management, Inc., Oppenheimer Alternative Asset Management, LLC

Defendant investment firm failed to ensure proper protocols for overseeing material misstatements and representations made by advisors.

Defendants:
Oppenheimer Asset Management, Inc., Oppenheimer Alternative Asset Management, LLC
Sanction Amount:
$2,886,677
Violation
Trading and Pricing
Key Docs
Official SEC press release
40.7124 -74.0157

OppenheimerFunds Inc.

Defendant investment firm failed to ensure proper protocols for overseeing material misstatements and representations made by advisors.

Defendants:
OppenheimerFunds Inc.
Sanction Amount:
$35,366,896
Violation
Financial Fraud
Key Docs
Official SEC press release
41.394 -75.6445

Opsis Technologies Int'l, Inc., Venture Capital Holdings LLC, M&T Consulting Group LLC, Michael Kordich, Joseph Catapano, Aaron Andrzejewski

Defendants engaged in a fraudulent offering of unregistered securities causing investors to lose almost $4.6 million.

Defendants:
Opsis Technologies Int'l, Inc., Venture Capital Holdings LLC, M&T Consulting Group LLC
Michael Kordich, Joseph Catapano, Aaron Andrzejewski
Sanction Amount:
$11,522,862
Violation
Offering Fraud
Key Docs
Official SEC press release
37.5307 -122.262

Oracle Corporation

Defendant company failed to supervise employees and failed to prevent the establishment of a side account that was used to make payments to the Indian government.

Defendants:
Oracle Corporation
Sanction Amount:
$2,000,000
Violation
Foreign Corrupt Practices Act
Key Docs
Official SEC press release
0 0

Orlando Joseph Jett

Defendant manipulated a weakness in his employer's bookkeeping records to book a fraudulent $274 million profit.

Defendants:
Orlando Joseph Jett
Sanction Amount:
$8,410,000
Violation
Financial Fraud
Key Docs
Official SEC press release
33.069 -96.872

Orthofix International N.V.

Defendant violated the Foreign Corrupt Practices Act by making illegal payments to Mexican officials in exchange for favorable treatment.

Defendants:
Orthofix International N.V.
Sanction Amount:
$5,200,000
Violation
Foreign Corrupt Practices Act
Key Docs
Official SEC press release
28.5424 -81.3753

Own My Travel, LLC, Professionally Assisted Marketing, Inc, Darrel West

Defendant operated a fraudulent pyramid scheme based upon new members paying membership fees as opposed to a legitimate multi-level marketing company as it was portrayed.

Defendants:
Own My Travel, LLC, Professionally Assisted Marketing, Inc
Darrel West
Sanction Amount:
$1,254,975
Violation
Offering Fraud
Key Docs
Official SEC press release
37.7903 -122.392

Oxford Savings Club, Ltd., Manumit Unlimited, American Leadership Network, Saratoga Holdings LLC, Secured Private Placements, The 650 Club, Internet Marketing Partners, Private Party Loan Program, Peter Roor, Ronald L. Templin, Laurie Elizabeth Weiss

Defendant operated , according to the trial court "an investment scheme called the 'Oxford Savings Club,' and [..] made a series of misrepresentations on his Oxford website and in his promotional materials and promised what can only be described as phantasmagorical returns on purportedly risk-free investments."

Defendants:
Oxford Savings Club, Ltd., Manumit Unlimited, American Leadership Network, Saratoga Holdings LLC, Secured Private Placements, The 650 Club, Internet Marketing Partners, Private Party Loan Program
Peter Roor, Ronald L. Templin, Laurie Elizabeth Weiss
Sanction Amount:
$2,602,265
Violation
Offering Fraud
Key Docs
Official SEC press release
34.0667 -118.411

Pacific Golf Community Development LLC, Manoucher Sarbaz, Lee Andrew Hill

Defendants misrepresented the value of the land they owned to bond purchasers as being worth $28,000 per acre when in reality they purchased it for $1,812 an acre.

Defendants:
Pacific Golf Community Development LLC
Manoucher Sarbaz, Lee Andrew Hill
Sanction Amount:
$5,900,000
Violation
Municipal Securities Fraud
Key Docs
Official SEC press release
32.9461 -117.242

Pacific Wealth Management, LLC, Stonewood Consulting, Inc. , Total Return Fund, LLC, James B. Duncan, Hendrix M. Montecastro, Maurice E. McLeod

Defendants operated a Ponzi scheme where they lured investors by representing themselves as a Christian organization that could guarantee financial freedom within three years of investing if they would turn over complete control of their finances to defendants. Defendants used the majority funds for personal uses.

Defendants:
Pacific Wealth Management, LLC, Stonewood Consulting, Inc. , Total Return Fund, LLC
James B. Duncan, Hendrix M. Montecastro, Maurice E. McLeod
Sanction Amount:
$30,357,902
Violation
Offering Fraud
Key Docs
Official SEC press release
47.5492 7.58542

Panalpina, Inc.

Defendant company violated the Foreign Corrupt Practice Act by paying kickbacks to officials in Nigeria, Angola, Brazil, Russia, and Kazakhstan in return for favorable treatment.

Defendants:
Panalpina, Inc.
Sanction Amount:
$11,329,369
Violation
Foreign Corrupt Practices Act
Key Docs
Official SEC press release
25.9688 -80.2019

Paramount Financial Partners, LP, Paramount Capital Management, LLC, Gordon Lending Corp., Von Christopher Cummings, John A. Ryan, Kevin L. Grandy, James Curis Conley, Kevin D. Hightower, John E. Hawley, Michael L. Vogt, Omar Benaouda, Gordon L. Yocom, Pa

Defendants operated a hedge fund where they convinced investors to invest with them and then misappropriated the investments for their own use.

Defendants:
Paramount Financial Partners, LP, Paramount Capital Management, LLC, Gordon Lending Corp.
Von Christopher Cummings, John A. Ryan, Kevin L. Grandy, James Curis Conley, Kevin D. Hightower, John E. Hawley, Michael L. Vogt, Omar Benaouda, Gordon L. Yocom, Patrick Susemihl
Sanction Amount:
$17,449,941
Violation
Offering Fraud
Key Docs
Official SEC press release
37.7904 -122.405

Paramount Partners LP, Crossroad Capital Management LLC, John W. Lawton

Defendants operated a hedge fund that frequently misrepresented to its investors the use of the funds and the performance of their investments including at one point issuing financial statements saying the fund was worth about $17 million when in reality it was closer to $5 million.

Defendants:
Paramount Partners LP, Crossroad Capital Management LLC
John W. Lawton
Sanction Amount:
$4,434,458
Violation
Financial Fraud
Key Docs
Official SEC press release
29.7307 -95.4317

Parker Drilling Company

Defendant oil company violated the Foreign Corrupt Practices Act by paying bribes to Nigerian officials in exchange for favorable treatment.

Defendants:
Parker Drilling Company
Sanction Amount:
$4,090,818
Violation
Foreign Corrupt Practices Act
Key Docs
Official SEC press release
0 0

Patrick Kirkland

Defendant engaged in a fraudulent unregistered stock sale.

Defendants:
Patrick Kirkland
Sanction Amount:
$7,496,348
Violation
Offering Fraud
Key Docs
Official SEC press release
0 0

Paul A. Allaire, G. Richard Thoman, Barry D. Romeril, Philip D. Fishbach, Daniel S. Marchibroda, Gregory B. Tayler

Defendants engaged in a fraudulent revenue recognition scheme where it accelerated the recognition of equipment revenue by about $3 billion and increased its pretax earnings by about $1.4 billion.

Defendants:
Paul A. Allaire, G. Richard Thoman, Barry D. Romeril, Philip D. Fishbach, Daniel S. Marchibroda, Gregory B. Tayler
Sanction Amount:
$21,403,132
Violation
Financial Fraud
Key Docs
Official SEC press release
0 0

Paul Harary, Douglas Zemsky

Defendants engaged in a pink sheet stock selling scheme that used both market manipulation and kickbacks.

Defendants:
Paul Harary, Douglas Zemsky
Sanction Amount:
$4,097,000
Violation
Market Manipulation
Key Docs
Official SEC press release
0 0

Paul Simmons, Rodney Gilbert, John Zankowski, Esq., Kerry Kennedy, Stanley Siciliano, Eric Littman, Esq.

Defendants engaged in a pump and dump scheme where they sold bought all of the available shares in their company and then engaged in a series of material false and misleading statements to raise the price of those shares.

Defendants:
Paul Simmons, Rodney Gilbert, John Zankowski, Esq., Kerry Kennedy, Stanley Siciliano, Eric Littman, Esq.
Sanction Amount:
$2,085,414
Violation
Market Manipulation
Key Docs
Official SEC press release
0 0

Peter N. Brant, Richard W. Deboe

Defendant investment advisor misappropriated client funds for his personal use, made unsuitable and unauthorized investment decisions, and traded in speculative stocks that resulted in the loss of almost all of his clients' funds.

Defendants:
Peter N. Brant, Richard W. Deboe
Sanction Amount:
$3,173,403
Violation
Market Manipulation
Key Docs
Official SEC press release
40.7502 -73.9725

Pfizer Inc.

Defendant Pfizer violated the Foreign Corrupt Practices Act when it made illegal payments to Bulgaria, China, Croatia, Czech Republic, Italy, Kazakhstan, Russia, and Serbia in exchange for favorable treatment.

Defendants:
Pfizer Inc.
Sanction Amount:
$26,339,944
Violation
Foreign Corrupt Practices Act
Key Docs
Official SEC press release
26.9344 -80.0729

Pharma Holdings, Inc., Edward Klapp IV, Edward Klapp Jr.

Defendant pharmaceutical company raised approximately $5 million from investors based almost entirely on material fraudulent and misleading statements.

Defendants:
Pharma Holdings, Inc.
Edward Klapp IV, Edward Klapp Jr.
Sanction Amount:
$2,038,746
Violation
Offering Fraud
Key Docs
Official SEC press release
0 0

Phillip J. DeZwirek

Defendant learned of material non-public information and traded on the information violating the securities laws.

Defendants:
Phillip J. DeZwirek
Sanction Amount:
$1,524,271
Violation
Trading and Pricing
Key Docs
Official SEC press release
40.7521 -73.9788

Pinnacle Business Management, Jeffrey G. Turino

Defendant Turino engaged (again) in a penny stock scheme to organize a fraudulent reverse merger scheme to prop up the price of his shares.

Defendants:
Pinnacle Business Management
Jeffrey G. Turino
Sanction Amount:
$9,948,423
Violation
Offering Fraud
Key Docs
Official SEC press release
43.0869 -77.5483

Pittsford Capital Income Partners, L.L.C., Edward Tackaberry, Mark Palazzo

Defendants made numerous false and misleading statements about their investment strategy in order to generate demand for their shares from mainly senior citizens.

Defendants:
Pittsford Capital Income Partners, L.L.C.
Edward Tackaberry, Mark Palazzo
Sanction Amount:
$11,875,295
Violation
Offering Fraud
Key Docs
Official SEC press release
33.9549 -118.397

Platforms Wireless International Corp., William C. Martin, Charles B. Nelson, Robert D. Perry, Francois M. Draper, Victor L. Ziller

Defendants made a series of materially false and misleading statements regarding their company's technological capabilities involving their ability to deliver wireless capabilities via blimps and planes.

Defendants:
Platforms Wireless International Corp.
William C. Martin, Charles B. Nelson, Robert D. Perry, Francois M. Draper, Victor L. Ziller
Sanction Amount:
$2,431,213
Violation
Financial Fraud
Key Docs
Official SEC press release
37.09 -113.56

Premco Western, Inc., Rodney Ratheal

Defendants made numerous false and misleading statements regarding their geologic abilities and capabilities in their oil finding capabilities.

Defendants:
Premco Western, Inc.
Rodney Ratheal
Sanction Amount:
$7,372,259.00
Violation
Offering Fraud
Key Docs
Official SEC press release
32.7599 -117.179

Presto Telecommunications, Inc., Alfred Louis Vassallo, Jr. a/k/a Bobby Vassallo

Defendants engaged in a fraudulent scheme to mislead investors into believing that their telecommunications company was about to be bought out by much larger, nationwide companies in the hopes investors would drive up their share price.

Defendants:
Presto Telecommunications, Inc.
Alfred Louis Vassallo, Jr. a/k/a Bobby Vassallo
Sanction Amount:
$2,009,083
Violation
Offering Fraud
Key Docs
Official SEC press release
47.6017 -122.333

Price Geld & Company, Inc., Steven E. Tennies

Defendant lured investors to invest by assuring them his investment strategy resulted in positive returns during all segments of market trends due to a proprietary trading strategy. Instead he comingled the investors funds with his own and used the money for personal reasons.

Defendants:
Price Geld & Company, Inc.
Steven E. Tennies
Sanction Amount:
$1,700,000
Violation
Offering Fraud
Key Docs
Official SEC press release
40.7527 -73.9801

PricewaterhouseCoopers LLP, Lovelock & Lewes, Price Waterhouse Bangalore, Price Waterhouse & Co. Bangalore, Price Waterhouse Calcutta, Price Waterhouse & Co. Calcutta

Defendant PWC conducted inadequate audits that failed to uncover the long running fraud at Satyam Computers.

Defendants:
PricewaterhouseCoopers LLP, Lovelock & Lewes, Price Waterhouse Bangalore, Price Waterhouse & Co. Bangalore, Price Waterhouse Calcutta, Price Waterhouse & Co. Calcutta
Sanction Amount:
$6,000,000
Violation
Foreign Corrupt Practices Act
Key Docs
Official SEC press release
40.7527 -73.9801

PricewaterhouseCoopers LLP, The Warnaco Group, Inc., William S. Finkelstein, Linda J. Wachner, Stanley P. Silverstein

Defendant CFO aided and abetted his employers violations of the antifraud, issuer reporting, books and records, and internal control provisions of the federal securities laws.

Defendants:
PricewaterhouseCoopers LLP, The Warnaco Group, Inc.
William S. Finkelstein, Linda J. Wachner, Stanley P. Silverstein
Sanction Amount:
$2,664,464
Violation
Financial Fraud
Key Docs
Official SEC press release
29.7495 -95.482

Pride International, Inc.

Defendant violated the Foreign Corrupt Practices Act by bribing officials in Venezuela, India, Mexico, Kazakhstan, Nigeria, Saudi Arabia, the Republic of the Congo, and Libya in exchange for favorable treatment.

Defendants:
Pride International, Inc.
Sanction Amount:
$23,529,718
Violation
Foreign Corrupt Practices Act
Key Docs
Official SEC press release
42.6484 -73.753

Prime Rate and Return, LLC

Defendant orchestrated a Ponzi scheme aimed mainly at elderly investors with promises of guaranteed returns of 3.85-9% annually and then used the funds for his own personal use.

Defendants:
Prime Rate and Return, LLC
Sanction Amount:
$7,116,662
Violation
Offering Fraud
Key Docs
Official SEC press release
36.15 -95.9883

ProVision Operation Systems, Inc., Robert T. Fletcher III, Richard C. Hill, James W. Stock, Lawrence D. Morris

Defendant orchestrated a fraudulent scheme whereby he lured investors to invest with him and used the money to support his over the top lifestyle.

Defendants:
ProVision Operation Systems, Inc.
Robert T. Fletcher III, Richard C. Hill, James W. Stock, Lawrence D. Morris
Sanction Amount:
$5,130,000
Violation
Offering Fraud
Key Docs
Official SEC press release
40.7754 -73.8309

Prudential Equity Group, LLC, Frederick J. O'Meally, Jason N. Ginder, Michael L. Silver, Brian P. Corbett

Defendant Prudential engaged in a market timing scheme putting its own interest ahead of mutual funds that were injured as a result of the scheme.

Defendants:
Prudential Equity Group, LLC
Frederick J. O'Meally, Jason N. Ginder, Michael L. Silver, Brian P. Corbett
Sanction Amount:
$270,000,000
Violation
Trading and Pricing
Key Docs
Official SEC press release
25.7669 -80.1892

Quantek Asset Management LLC, Bulltick Capital Markets Holdings LP, Javier Guerra, Ralph Patino

Defendants misled investors into believing that their own investment managers were invested along side the investors in the $1 billion fund when in reality they were not.

Defendants:
Quantek Asset Management LLC, Bulltick Capital Markets Holdings LP
Javier Guerra, Ralph Patino
Sanction Amount:
$3,075,000
Violation
Offering Fraud
Key Docs
Official SEC press release
39.748 -104.989

Qwest Communications International, Inc.

Defendant Qwest Communications fraudulently recognized over $3.8 billion in revenue and hid $231 million in expenses in a scheme to make aggressive earnings targets.

Defendants:
Qwest Communications International, Inc.
Sanction Amount:
$250,000,000
Violation
Financial Fraud
Key Docs
Official SEC press release
39.748 -104.989

Qwest Communications International, Inc., Joseph P. Nacchio

Defendant Qwest Communications fraudulently recognized over $3.8 billion in revenue and hid $231 million in expenses in a scheme to make aggressive earnings targets.

Defendants:
Qwest Communications International, Inc.
Joseph P. Nacchio
Sanction Amount:
$44,632,464
Violation
Financial Fraud
Key Docs
Official SEC press release
37.411 -121.946

RAE Systems, Inc., RAE-KLH (Beijing) Co., Ltd., RAE Coal Mine Safety Instruments (Fushun) Co., Ltd.

Defendants violated the Foreign Corrupt Practices Act by making illegal payments to Chinese officials in exchange for favorable treatment.

Defendants:
RAE Systems, Inc., RAE-KLH (Beijing) Co., Ltd., RAE Coal Mine Safety Instruments (Fushun) Co., Ltd.
Sanction Amount:
$1,257,012
Violation
Foreign Corrupt Practices Act
Key Docs
Official SEC press release
0 0

Raj Rajaratnam

Defendant Raj Rajaratnam received inside information regarding Berkshire Hathaway's $5 billion investment in Goldman Sachs during the financial crisis. Rajaratnam traded on the illegally gotten information.

Defendants:
Raj Rajaratnam
Sanction Amount:
$1,446,858
Violation
Trading and Pricing
Key Docs
Official SEC press release
0 0

Ralph Gregory Gibbs

Defendant operated a Ponzi scheme where he lured investors to invest with him with promises of guaranteed large returns - many of his investors emptied retirement accounts and / or took home equity loans - and he used the money for his own personal benefit.

Defendants:
Ralph Gregory Gibbs
Sanction Amount:
$4,142,493
Violation
Offering Fraud
Key Docs
Official SEC press release
0 0

Randy M. Cho

Defendant operated a Ponzi scheme where he lured investors to invest with him on the promise that he would invest in large public companies with information on upcoming mergers - instead he used the money to pay off later investors and for personal use.

Defendants:
Randy M. Cho
Sanction Amount:
$8,223,087
Violation
Offering Fraud
Key Docs
Official SEC press release
42.4056 -71.2828

Raytheon Company, Daniel P. Burnham, Aldo R. Servello

Defendant Raytheon Company engaged in fraudulent accounting practices in violation of GAAP to recognize revenue and to cover losses in order to make it look like it was making earnings estimates when it was actually facing declining sales.

Defendants:
Raytheon Company
Daniel P. Burnham, Aldo R. Servello
Sanction Amount:
$13,272,972
Violation
Financial Fraud
Key Docs
Official SEC press release
40.7131 -74.0154

RBC Capital Markets Corporation

Defendant RBC Capital mislead investors over the value and liquidity when marketing auction rate securities.

Defendants:
RBC Capital Markets Corporation
Sanction Amount:
$800,000,000
Violation
Offering Fraud
Key Docs
Official SEC press release
40.7131 -74.0154

RBC Capital Markets LLC

Defendant RBC Capital mislead five school investors over the value and liquidity when marketing collateralized debt obligations.

Defendants:
RBC Capital Markets LLC
Sanction Amount:
$37,300,000
Violation
Offering Fraud
Key Docs
Official SEC press release
0 0

Regald B. Smith

Defendant lured investors to invest with him by promising them he would invest in high-yield, tax exempt bonds but instead he used the money for personal use.

Defendants:
Regald B. Smith
Sanction Amount:
$2,413,950
Violation
Offering Fraud
Key Docs
Official SEC press release
35.9061 -78.6581

Regan & Company, Michael C. Regan

Defendant lured investors to invest with him promising them returns of up to 20% based on his vast trading experiences and successes. Defendant invested at most half of investors money (mostly all of the investments were loser investments) and spent the rest of his lavish lifestyle.

Defendants:
Regan & Company
Michael C. Regan
Sanction Amount:
$8,700,933
Violation
Offering Fraud
Key Docs
Official SEC press release
33.5179 -86.8095

Regions Bank

Defendant bank failed to disclose to new investors in certain plans that initial contributions were subject to fees of up to 85% and fees of up to 18% on annual contributions.

Defendants:
Regions Bank
Sanction Amount:
$1,000,000
Violation
Offering Fraud
Key Docs
Official SEC press release
50.8386 -0.176263

Ren Feng, Zeng Huiyu

Defendants learned of non-public material information of an upcoming corporate transaction involving the company and purchased shares based on that information.

Defendants:
CT Prime, Giant East Investments Limited
Ren Feng, Zeng Huiyu, Wang Zhi Hua, Wong Chi Yu, Wang Wei
Sanction Amount:
$3,328,086
Violation
Trading and Pricing
Key Docs
Official SEC press release
0 0

RenaissanceRe Holdings Ltd.

Defendant fraudulently represented its earnings by creating a cookie jar reserve in prior years to smooth earnings during a downturn in performance.

Defendants:
RenaissanceRe Holdings Ltd.
Sanction Amount:
$15,000,000
Violation
Financial Fraud
Key Docs
Official SEC press release
0 0

Rex T. Shelby, Scott Yeager, Kevin A. Howard

Defendants engaged in a scheme to mislead investors about Enron Broadband Solutions true financial condition and traded on the inside information that Enron was financially doomed.

Defendants:
Rex T. Shelby, Scott Yeager, Kevin A. Howard
Sanction Amount:
$1,175,000
Violation
Key Docs
Official SEC press release
35.8311 -80.2639

Rex Venture Group LLC, Paul Burks

Defendant operated a Ponzi scheme soliciting investors online with the promise of returns up to 50% of the fraudulent company's daily profits, in reality defendant used the funds to pay out investor withdraws and for personal use.

Defendants:
Rex Venture Group LLC
Paul Burks
Sanction Amount:
$4,000,000
Violation
Offering Fraud
Key Docs
Official SEC press release
40.7471 -73.9916

Rhino Advisors, Inc., Thomas Badian

Defendants engaged in a fraudulent scheme to drive down the price of a target company through a series of shorts in order to benefit a client who held a $3 million debenture convertible to shares in the target company.

Defendants:
Rhino Advisors, Inc.
Thomas Badian
Sanction Amount:
$1,000,000
Violation
Market Manipulation
Key Docs
Official SEC press release
45.418 -122.727

Rhodes Econometrics, Inc., The Rhodes Company, Resource Transactions, Inc., C. Wesley Rhones, Jr.

Defendant orchestrated a scheme targeting mainly older investors to invest with him on the promise he would invest in conservative stocks and bonds but instead used the money for personal use.

Defendants:
Rhodes Econometrics, Inc., The Rhodes Company, Resource Transactions, Inc.
C. Wesley Rhones, Jr.
Sanction Amount:
$16,530,000
Violation
Offering Fraud
Key Docs
Official SEC press release
0 0

Richard D. Power, Edward Federman, Richard J. "Skip" Heger

Defendants engaged in a scheme to fraudulently inflate Tyco's publicly reported operating income and cash flows through a system of fraudulent "dealer connection fees",

Defendants:
Richard D. Power, Edward Federman, Richard J. "Skip" Heger
Sanction Amount:
$2,650,757
Violation
Financial Fraud
Key Docs
Official SEC press release
0 0

Richard Elkinson

Defendant engaged in a Ponzi scheme targeting investors to invest with him by offering 9-13% returns in 330 days but instead used the money to pay withdraw requests and for personal use.

Defendants:
Richard Elkinson
Sanction Amount:
$29,468,533
Violation
Offering Fraud
Key Docs
Official SEC press release
0 0

Richard F. Selden

Defendant CEO made material false and misleading statement regarding his company's ongoing clinical trials.

Defendants:
Richard F. Selden
Sanction Amount:
$1,166,417
Violation
Financial Fraud
Key Docs
Official SEC press release
0 0

Richard Glen Spradling

Defendant wrote a newsletter that touted various penny stocks worth investing in without disclosing that he was paid by those very companies to make favorable statements.

Defendants:
Richard Glen Spradling
Sanction Amount:
$1,893,076
Violation
Market Manipulation
Key Docs
Official SEC press release
0 0

Richard M. Scrushy

Defendant Scrushy schemed to overstate HealthSouth's revenues by over $2.6 billion over six years to fraudulently make it look to investors like HealthSouth was a viable business when it fact it was not.

Defendants:
Richard M. Scrushy
Sanction Amount:
$81,000,000
Violation
Financial Fraud
Key Docs
Official SEC press release
0 0

Richard Verdiramo, Vincent Verdiramo

Defendants violated securities registration requirements when they awarded themselves shares in their company.

Defendants:
Richard Verdiramo, Vincent Verdiramo
Sanction Amount:
$1,066,412
Violation
Offering Fraud
Key Docs
Official SEC press release
0 0

Rick J. Boros

Defendant orchestrated a scheme targeting investors with promises of high returns and minimal risks by investing for them in Mexican mining operations, he spent all the money on himself. When it became evident, he began raising money from different investors with more promises of high returns to seemingly attempt to pay off the initial investors but again, he spent all the money.

Defendants:
Rick J. Boros
Sanction Amount:
$2,955,348
Violation
Offering Fraud
Key Docs
Official SEC press release
39.7545 -75.6273

RMAZ, LLC, Blue Chip Investments, Inc., Solo Ventures, LLC, Redmill Holdings, LLC, Steven E. Thorn, Derrick McKinney, Rick Malizia, Roger Weizenegger, Frederick Harris, Carl Jackson, Edgar Mojica, Durietha Dziorney

Defendants orchestrated a Ponzi scheme using prime bank like tactics to raise money from investors that was used for personal use and to pay back withdraw requests.

Defendants:
RMAZ, LLC, Blue Chip Investments, Inc., Solo Ventures, LLC, Redmill Holdings, LLC
Steven E. Thorn, Derrick McKinney, Rick Malizia, Roger Weizenegger, Frederick Harris, Carl Jackson, Edgar Mojica, Durietha Dziorney
Sanction Amount:
$11,855,566
Violation
Offering Fraud
Key Docs
Official SEC press release
46.2077 6.14045

RMO Assets Management SA, Claude Lefebvre

Defendants lured investors into his prime bank scheme with promises of outrageous returns such as 100% weekly but rather than invest the money defendant spent lavishly on his lifestyle.

Defendants:
RMO Assets Management SA
Claude Lefebvre
Sanction Amount:
$5,973,487
Violation
Offering Fraud
Key Docs
Official SEC press release
37.9615 -122.556

Robert A. Kasirer

Defendant orchestrated a fraudulent municipal bond offering that was misleading in its documentation and then once funds were raised he began commingling the funds and using some of the proceeds for his own use.

Defendants:
Robert A. Kasirer
Sanction Amount:
$4,991,434
Violation
Municipal Securities Fraud
Key Docs
Official SEC press release
0 0

Robert Chiu, James Li a/k/a Ching Hua Li, Thomas Chow a/k/a Man Kit Chow, Roger Kao a/k/a Chao Chun Kao, Christopher Liu a/k/a Chi Lei Liu, Wayne Pratt

Defendants engaged in a scheme to fraudulently overstate the company's revenues and earnings so they could inflate the share price and trade on this inside information.

Defendants:
Robert Chiu, James Li a/k/a Ching Hua Li, Thomas Chow a/k/a Man Kit Chow, Roger Kao a/k/a Chao Chun Kao, Christopher Liu a/k/a Chi Lei Liu, Wayne Pratt
Sanction Amount:
$48,862,752
Violation
Financial Fraud
Key Docs
Official SEC press release
0 0

Robert Patrick Stephens, Copeland

The Commission accepted an Offer of Settlement where defendant had knowingly steered investors to invest in a Ponzi scheme in exchange for nearly $1 million in commissions.

Defendants:
Robert Patrick Stephens
Sanction Amount:
$1,166,539
Violation
Offering Fraud
Key Docs
Official SEC press release
37.7921 -122.404

Robertson Stephens, Inc.

Defendant brokerage firm engaged in profit sharing - a practice banned by NASD rule - with client accounts in 75 initial public offerings it was part of.

Defendants:
Robertson Stephens, Inc.
Sanction Amount:
$28,000,000
Violation
Trading and Pricing
Key Docs
Official SEC press release
43.0188 -87.9128

Rockwell Automation, Inc., RAPS-China

The Commission accepted an Offer of Settlement where defendant company had failed to set forth adequate compliance systems to prevent employees from paying bribes to Chinese officials.

Defendants:
Rockwell Automation, Inc., RAPS-China
Sanction Amount:
$2,761,091
Violation
Foreign Corrupt Practices Act
Key Docs
Official SEC press release
0 0

Ross Owen Haugen

Defendant lured investors to invest with him with the promise that the money would be invested in "risk controlled" trading platforms that was based on AA or better bonds. In reality the money was invested in highly risky off shore trading platforms.

Defendants:
Ross Owen Haugen
Sanction Amount:
$1,368,059
Violation
Offering Fraud
Key Docs
Official SEC press release
52.0563 4.40161

Royal Dutch Petroleum Company, The "Shell" Transport and Trading Company, p.l.c.

Defendant Shell Oil misrepresented its proven oil reserves by 4.47 billion barrels which in turn misrepresented the discounted value of the organization.

Defendants:
Royal Dutch Petroleum Company, The "Shell" Transport and Trading Company, p.l.c.
Sanction Amount:
$120,000,000
Violation
Financial Fraud
Key Docs
Official SEC press release
52.0934 4.31296

Royal Dutch Shell plc, Shell International Exploration and Production, Inc.

Defendant Shell Oil violated the Foreign Corrupt Practices Act by making illegal payments to Nigerian officials in exchange for preferential treatment.

Defendants:
Royal Dutch Shell plc, Shell International Exploration and Production, Inc.
Sanction Amount:
$18,149,459
Violation
Foreign Corrupt Practices Act
Key Docs
Official SEC press release
0 0

Roys Poyiadjis, Lycourgos Kyprianou

Defendants misrepresented the value of three corporate transactions by claiming they paid over $32 million (it was under one million) to raise the value of their company and traded in their shares at the heightened price based on their inside information.

Defendants:
Roys Poyiadjis, Lycourgos Kyprianou
Sanction Amount:
$200,000,000
Violation
Financial Fraud
Key Docs
Official SEC press release
36.081 -115.224

Rudy Nutrition, Inc., Daniel (Rudy) E. Ruettiger, Rocco Brandonisio, Stephen DeCesare, Pawel P. Dynkowski, Kevin S. Kaplan, Gregg R. Mulholland, Mehmet Mustafoglu, Joseph A. Padilla, Angelo R. Panetta, Kevin J. Quinn, Andrea M. Ritchie, Chad P. Smanjak, G

Defendants engaged in a pump and dump scheme for shares of their own company by making false and misleading statements about the value of their company and then sell unregistered shares of the company at the heightened price.

Defendants:
Rudy Nutrition, Inc.
Daniel (Rudy) E. Ruettiger, Rocco Brandonisio, Stephen DeCesare, Pawel P. Dynkowski, Kevin S. Kaplan, Gregg R. Mulholland, Mehmet Mustafoglu, Joseph A. Padilla, Angelo R. Panetta, Kevin J. Quinn, Andrea M. Ritchie, Chad P. Smanjak, Gary J. Yocom
Sanction Amount:
$3,257,490
Violation
Market Manipulation
Key Docs
Official SEC press release
33.7281 -117.988

RUSA Cap., Inc., Unisource Cap., LLC, Zahra Ghods

Defendant operate a Ponzi scheme that used a prime bank style approach to luring investors with the promise of guaranteed high percentage returns.

Defendants:
RUSA Cap., Inc., Unisource Cap., LLC
Zahra Ghods
Sanction Amount:
$5,575,857
Violation
Offering Fraud
Key Docs
Official SEC press release
0 0

Ryan Ashley Brant

Defendant awarded herself and others deeply in the money backdated options that allowed them to not disclose the awards and allowed them to hide the revenue hit.

Defendants:
Ryan Ashley Brant
Sanction Amount:
$6,261,606
Violation
Financial Fraud
Key Docs
Official SEC press release
41.0275 -73.5537

S.A.C. Select Fund

Defendants engaged in insider trading by trading on material non-public information in Dell and NVidia.

Defendants:
Sigma Capital Management LLC, Sigma Capital Associates, S.A.C. Select Fund
Sanction Amount:
$13,944,162
Violation
Trading and Pricing
Key Docs
Official SEC press release
39.4669 -76.2389

SafeNet, Inc., Anthony Caputo, Kenneth Mueller, Clinton Ronald Greenman, John Wilroy, Gregory Pasko

Defendant engaged in a back-dating of options scheme and a separate scheme to fraudulently misstate their earnings.

Defendants:
SafeNet, Inc.
Anthony Caputo, Kenneth Mueller, Clinton Ronald Greenman, John Wilroy, Gregory Pasko
Sanction Amount:
$3,334,561
Violation
Financial Fraud
Key Docs
Official SEC press release
17.4361 78.3823

Satyam Computer Services Limited, Mahindra Satyam

Defendant company fraudulently overstated their revenue, income and cash balances by over $1 billion using fraudulent financial documents.

Defendants:
Satyam Computer Services Limited
Mahindra Satyam
Sanction Amount:
$10,000,000
Violation
Financial Fraud
Key Docs
Official SEC press release
34.4193 -119.699

Save The World Air, Inc., Jeffrey ALan Muller, Billy Blackwelder

Defendant made a series of materially false and misleading statements about his cleaner air technology to lure investors.

Defendants:
Save The World Air, Inc.
Jeffrey ALan Muller, Billy Blackwelder
Sanction Amount:
$7,600,000
Violation
Market Manipulation
Key Docs
Official SEC press release
33.9572 -84.0582

Scientific-Atlanta, Inc.

Scientific-Atlanta assisted Adelphia in fraudulently misstating Adelphia's earnings by approximately $43 million through a scam marketing support agreement.

Defendants:
Scientific-Atlanta, Inc.
Sanction Amount:
$20,000,000
Violation
Financial Fraud
Key Docs
Official SEC press release
0 0

Scott B. Hollenbeck, Timothy L. Bradshaw, Steven K. Gilley

Defendants operated a Ponzi scheme using mobile advertising devices. Based on the structure of the leaseback agreements and the buy back provisions, the only way an investor could get their investment back was if a new investor invested.

Defendants:
Scott B. Hollenbeck, Timothy L. Bradshaw, Steven K. Gilley
Sanction Amount:
$1,936,898
Violation
Offering Fraud
Key Docs
Official SEC press release
33.8694 -118.404

Sean David Morton, Melissa Morton, Prophecy Research Institute

Defendant lured investors to invest with him by making false and misleading statements and representations about his background in investing, his success in investing and the like when in reality his background was mostly failure.

Defendants:
Prophecy Research Institute
Sean David Morton, Melissa Morton
Sanction Amount:
$12,107,510
Violation
Offering Fraud
Key Docs
Official SEC press release
0 0

Seaview Development and Holdings, Ltd., Dennis Herula

Defendants lured investors into investing with them by making "egregious" false and misleading statements about the potential returns and the purported high-yield trading platform.

Defendants:
Seaview Development and Holdings, Ltd.
Dennis Herula
Sanction Amount:
$2,877,323
Violation
Offering Fraud
Key Docs
Official SEC press release
32.7174 -117.158

Security Asset Capital Corporation, Darrell G. Musick, Richard E. Wensel, Arthur B. Carlson, III, Gary J. Spirk, Richard C. Wallace

Defendants lured investors into investing with them by making false and misleading statements about the potential returns and the use of the funds and the risks associated with the investment..

Defendants:
Security Asset Capital Corporation
Darrell G. Musick, Richard E. Wensel, Arthur B. Carlson, III, Gary J. Spirk, Richard C. Wallace
Sanction Amount:
$2,501,975
Violation
Offering Fraud
Key Docs
Official SEC press release
35.5377 -97.5116

Security Brokerage, Inc., Daniel Calugar

Defendant broker-dealer defrauded mutual funds by engaging in late trading and market timing to benefit his hedge fund clients at the expense of his mutual fund clients.

Defendants:
Security Brokerage, Inc.
Daniel Calugar
Sanction Amount:
$153,000,000
Violation
Trading and Pricing
Key Docs
Official SEC press release
33.51 -112.032

Security Trust Company, N.A., Grant D. Seeger, William A. Kenyon, Nicole McDermott

Defendant broker-dealer defrauded mutual funds by engaging in late trading and market timing to benefit his hedge fund clients at the expense of his mutual fund clients.

Defendants:
Security Trust Company, N.A.
Grant D. Seeger, William A. Kenyon, Nicole McDermott
Sanction Amount:
$1,000,000
Violation
Trading and Pricing
Key Docs
Official SEC press release
0 0

SG Limited, SG Perfect, SG Trading

Defendant started a company where investors traded in virtual shares buying and selling the virtual shares through the website, overnight Defendant reduced the value of the shares by almost 100% and stopped honoring investors' requests for their funds back once they sold their virtual securities.

Defendants:
SG Limited, SG Perfect, SG Trading
Sanction Amount:
$1,322,102
Violation
Offering Fraud
Key Docs
Official SEC press release
40.7611 -73.9706

Shadron L. Stastney, Vicis Capital LLC

Defendant failed to disclose his conflict of interest (in the form of receiving $2.7 million) in the sale of a fund of illiquid assets.

Defendants:
Vicis Capital LLC
Shadron L. Stastney
Sanction Amount:
$2,910,095
Violation
Financial Fraud
Key Docs
Official SEC press release
48.1437 11.576

Siemens AG

Defendant Siemens AG violated the Foreign Corrupt Practices Act by "engaging in a widespread and systematic practice of paying bribes to foreign government officials to obtain business."

Defendants:
Siemens AG
Sanction Amount:
$350,000,000
Violation
Foreign Corrupt Practices Act
Key Docs
Official SEC press release
39.9499 -75.1637

Simpson Capital Management, Inc., Robert A. SImpson, John C. Dowling

The Commission accepted an Offer of Settlement where defendant engaged in unlawful "late trading" to benefit clients at the expense of others.

Defendants:
Simpson Capital Management, Inc.
Robert A. SImpson, John C. Dowling
Sanction Amount:
$6,800,000
Violation
Trading and Pricing
Key Docs
Official SEC press release
33.7462 -117.841

Smart Assets LLC, Brian J. Smart

Defendant targeted elderly investors to invest with him on the promise of safe, principal guaranteed investments but instead used the funds for personal use, used funds to pay dividends to other investors and invested some in risky investments.

Defendants:
Smart Assets LLC
Brian J. Smart
Sanction Amount:
$4,715,580
Violation
Offering Fraud
Key Docs
Official SEC press release
51.5098 -0.122374

Smith & Nephew PLC, Smith & Nephew Inc.

Defendant company violated the Foreign Corrupt Practices Act by bribing doctors in Greece for favorable treatment for the company.

Defendants:
Smith & Nephew PLC, Smith & Nephew Inc.
Sanction Amount:
$5,400,000
Violation
Foreign Corrupt Practices Act
Key Docs
Official SEC press release
29.8819 -97.946

Southwest Income Marketing, Inc., Richard E. Riner, Michael E. Kelly

Defendants engaged in a fraudulent scheme to defraud investors by selling universal leases to investors under the promise that the real estate time shares had full occupancy when they were not.

Defendants:
Southwest Income Marketing, Inc.
Richard E. Riner, Michael E. Kelly
Sanction Amount:
$4,060,165
Violation
Offering Fraud
Key Docs
Official SEC press release
32.7814 -96.8019

Southwest Securities, Inc., Scott B Gann, George B. Fasciano, Daniel R. Leland, Kerry M. Rigdon, Kevin J. Marsh

Defendant broker-dealers defrauded investors by allowing hedge fund clients to engage in market timing at the expense of other mutual funds.

Defendants:
Southwest Securities, Inc.
Scott B Gann, George B. Fasciano, Daniel R. Leland, Kerry M. Rigdon, Kevin J. Marsh
Sanction Amount:
$10,825,000
Violation
Trading and Pricing
Key Docs
Official SEC press release
38.058 -122.514

SpatiaLight, Inc., Argyle Capital Management Corp., Robert Ollins

Defendants sold unregistered securities without an exemption from securities laws while acting as underwriters.

Defendants:
SpatiaLight, Inc., Argyle Capital Management Corp.
Robert Ollins
Sanction Amount:
$3,400,000
Violation
Offering Fraud
Key Docs
Official SEC press release
26.1273 -80.137

Starcash, Inc., Starcash Consulting, Inc., Starcash Industries, Inc., Starcash Media, Inc., Jean Leclercq, Kip Marsique, Frederick Shapiro

Defendants engaged "in a fraudulent unregistered securities offering to raise investor funds for Starcash, Inc. (Starcash), a purported payday advance loan business."

Defendants:
Starcash, Inc., Starcash Consulting, Inc., Starcash Industries, Inc., Starcash Media, Inc.
Jean Leclercq, Kip Marsique, Frederick Shapiro
Sanction Amount:
$7,532,693
Violation
Offering Fraud
Key Docs
Official SEC press release
42.3528 -71.0586

State Street Bank and Trust Company

Defendant created an investment fund and sold it to investors as an "enhanced cash" investment but in reality it was almost entirely invested in subprime residential mortgage-backed securities and derivatives that magnified its exposure to subprime securities.

Defendants:
State Street Bank and Trust Company
Sanction Amount:
$58,350,181
Violation
Financial Fraud
Key Docs
Official SEC press release
40.7049 -74.0064

Sterling Watters Group LP, Sterling Watters Capital Management, Inc., Angelo Haligiannis

Defendants investment funds began to lose value and instead of sharing the information with investors the fund began releasing material false and misleading statements about the funds value and according to the court the fund eventually spun into a Ponzi Scheme.

Defendants:
Sterling Watters Group LP, Sterling Watters Capital Management, Inc.
Angelo Haligiannis
Sanction Amount:
$30,635,862
Violation
Offering Fraud
Key Docs
Official SEC press release
30.1687 -81.3841

Strong Branch Ventures IV LP, Chestnut Capital Partners II, LLC, Louis W. Zehil

Defendants "engaged in a fraudulent scheme to obtain and sell to the investing public millions of shares of securities in violation of the antifraud and registration provisions of the federal securities laws."

Defendants:
Strong Branch Ventures IV LP, Chestnut Capital Partners II, LLC
Louis W. Zehil
Sanction Amount:
$14,456,118
Violation
Offering Fraud
Key Docs
Official SEC press release
0 0

Stuart Wolf, Peter Tafeen

Defendant engaged in a fraudulent scheme to inflate his company's revenues and therefore beat earnings estimates by using the company's own cash on hand to create false revenues in a circular scheme.

Defendants:
Stuart Wolf, Peter Tafeen
Sanction Amount:
$2,600,000
Violation
Financial Fraud
Key Docs
Official SEC press release
40.5864 -74.665

Suprema Specialities, Inc., Battaglia & Company, Inc., California Milk Market, LNN Enterprises, Inc., Packing Products, Inc., West Coast Commodities, Inc., Mark Cocchiola, Steven Venechanos, Jack Gaglio, Robert Quattrone, Arthur Christensen, John Van

Defendants engaged in a "round tripping" scheme where related entities falsified evidence of transactions between themselves to create the image of revenues.

Defendants:
Suprema Specialities, Inc., Battaglia & Company, Inc., California Milk Market, LNN Enterprises, Inc., Packing Products, Inc., West Coast Commodities, Inc.
Mark Cocchiola, Steven Venechanos, Jack Gaglio, Robert Quattrone, Arthur Christensen, John Van Sickell, Lawrence Fransen, George Vieira
Sanction Amount:
$9,497,746
Violation
Financial Fraud
Key Docs
Official SEC press release
40.819 -73.0686

Symbol Technologies, Inc., Tomo Razmilovic, Kenneth Jaeggi, Leonard Goldner, Brian Burke, Michael DeGennaro, Frank Borghese, Christopher DeSantis, James Heuschneider, Gregory Mortenson, James Dean, Robert Donlon

Defendants "engaged in a fraudulent scheme to inflate revenue, earnings and other measures of financial performance in order to create the false appearance that Symbol had met or exceeded its financial projections."

Defendants:
Symbol Technologies, Inc.
Tomo Razmilovic, Kenneth Jaeggi, Leonard Goldner, Brian Burke, Michael DeGennaro, Frank Borghese, Christopher DeSantis, James Heuschneider, Gregory Mortenson, James Dean, Robert Donlon
Sanction Amount:
$40,423,715
Violation
Financial Fraud
Key Docs
Official SEC press release
40.7258 -73.9962

Take-Two Interactive Software, Inc.

Defendants engaged in a scheme to award themselves backdated deeply in the money options which they failed to disclose and which affected their earnings reports.

Defendants:
Take-Two Interactive Software, Inc.
Sanction Amount:
$3,000,000
Violation
Financial Fraud
Key Docs
Official SEC press release
40.7258 -73.9962

Take-Two Interactive Software, Inc., Ryan Brant, Larry Muller, James David, Jr., Robert Blau

Defendants engaged in a fraudulent scheme to falsely make earnings estimates by shipping large amount of product at the end of the quarter and booking those shipments as sales although no transaction actually occurred.

Defendants:
Take-Two Interactive Software, Inc.
Ryan Brant, Larry Muller, James David, Jr., Robert Blau
Sanction Amount:
$13,873,429
Violation
Financial Fraud
Key Docs
Official SEC press release
38.697 -90.4193

TALX Corporation

Defendants made a series of fraudulent accounting moves designed to inflate earnings including premature revenue recognition; capitalizing costs relating to a patent infringement claim that should have been expensed; and expensing executive bonuses in the wrong period.

Defendants:
TALX Corporation
Sanction Amount:
$2,500,000
Violation
Financial Fraud
Key Docs
Official SEC press release
39.9069 -74.9784

TD Bank

Defendant Bank allowed an employee to create a series of false accounts that he claimed were designed to pay settlement payments to plaintiffs who were successful in lawsuits against large corporations when in reality it was a scheme to assist a Ponzi scheme.

Defendants:
TD Bank
Scott Rothstein
Sanction Amount:
$15,000,000
Violation
Offering Fraud
Key Docs
Official SEC press release
48.8769 2.28394

Technip, S.A.

Defendant violated the Foreign Corrupt Practices Act by paying bribes to Nigerian officials in exchange for favorable treatment.

Defendants:
Technip, S.A.
Sanction Amount:
$98,000,000
Violation
Foreign Corrupt Practices Act
Key Docs
Official SEC press release
49.6143 6.12726

Tenaris S.A.

Defendant violated the Foreign Corrupt Practices Act by paying bribes to Uzbekistan officials in exchange for favorable treatment.

Defendants:
Tenaris S.A.
Sanction Amount:
$5,400,000
Violation
Foreign Corrupt Practices Act
Key Docs
Official SEC press release
34.4409 -119.748

Tenet Healthcare Corporation, Thomas B. Mackey

Defendant engaged in a scheme to inflate Tenet Healthcare's earnings by exploiting a provision of Medicare that allowed for additional payments to hospitals for the care of extremely sick patients - once the fraud was exposed, Tenet's value plummeted by $11 billion.

Defendants:
Tenet Healthcare Corporation
Thomas B. Mackey
Sanction Amount:
$2,531,541
Violation
Financial Fraud
Key Docs
Official SEC press release
41.1259 -73.3299

Terex Corporation

Defendant engaged in a fraudulent accounting scheme to aid and abet another company in fraudulently inflating its earnings through two false transactions.

Defendants:
Terex Corporation
Sanction Amount:
$8,000,000
Violation
Financial Fraud
Key Docs
Official SEC press release
0 0

Terry L Dowdell, Birgit Mechlenberg

Defendants operated and marketed a large Ponzi scheme that raised more than $70 million and never invested in a single stock.

Defendants:
Terry L Dowdell, Birgit Mechlenberg
Sanction Amount:
$1,852,544
Violation
Offering Fraud
Key Docs
Official SEC press release
30.3768 -97.7288

Testre LP, ConnectAJet.com, Inc., Timothy Page, Reagan Rowland, Rodney Rowland, John Coutris

Defendants engaged in a fraudulent scheme where by they purchased millions of unregistered shares in their own new venture for pennies on the dollar, began a nationwide marketing campaign for the new venture and then dumped the shares into the market at the heightened price.

Defendants:
Testre LP, ConnectAJet.com, Inc.
Timothy Page, Reagan Rowland, Rodney Rowland, John Coutris
Sanction Amount:
$3,310,343
Violation
Offering Fraud
Key Docs
Official SEC press release
33.0297 -96.7061

Texas Securities Partners LLC, Tony E. Morrison

Defendants raised money for an oil and gas drilling venture based on multiple materially false and misleading statements about their experience in the field and the likelihood of success in this new drilling attempt - most of the new wells were dry and no principal or profit ever made it to the investors.

Defendants:
Texas Securities Partners LLC
Tony E. Morrison
Sanction Amount:
$1,252,802
Violation
Offering Fraud
Key Docs
Official SEC press release
41.8249 -71.4093

Textron, Inc.

Defendant violated the Foreign Corrupt Practices Act by making illegal payments to Iraq under the U.N. Oil for Food program.

Defendants:
Textron, Inc.
Sanction Amount:
$3,535,041
Violation
Foreign Corrupt Practices Act
Key Docs
Official SEC press release
40.7507 -73.9794

The BISYS Group, Inc.

Defendant misstated earnings by $190 million over 4 years through a series of fraudulent accounting schemes.

Defendants:
The BISYS Group, Inc.
Sanction Amount:
$25,000,000
Violation
Financial Fraud
Key Docs
Official SEC press release
26.7271 -80.0797

The Gaming Factory, Inc., A Panamanian Corporation (TGF Panama), The Gaming Factory, Inc., A Florida Corporation (TGF Florida), Richard Onorato

Defendants violated the securities laws by engaging in the sale of unregistered securities and failing to disclose that the people selling the shares were receiving 15-18% of the money raised as commission.

Defendants:
The Gaming Factory, Inc., A Panamanian Corporation (TGF Panama), The Gaming Factory, Inc., A Florida Corporation (TGF Florida)
Richard Onorato
Sanction Amount:
$2,220,103
Violation
Offering Fraud
Key Docs
Official SEC press release
42.1492 -87.8003

The Haven Equity Company, Gary L. McNaughton, Andrew K. Lech

Defendants lured investors to invest in their Ponzi scheme by falsely representing their experience in the industry and by promising returns of 15-20% and used the money raised to pay earlier investors.

Defendants:
The Haven Equity Company
Gary L. McNaughton, Andrew K. Lech
Sanction Amount:
$2,911,435
Violation
Offering Fraud
Key Docs
Official SEC press release
39.6318 -104.896

The Regency Group, LLC, J. Coutris Partners, LP, Wellington Capital Enterprises, Inc., Scott F. Gelbard, Jeffrey S. Koslosky, Aaron S. Lamkin, John J. Coutris, Michael J. Coutris, Joseph S. Fernando, James J. Coutris, Dimitrios I. Gountis

Defendants engaged in a back-to-back pump and dump scheme on a biotech company's shares by fraudulently creating reverse mergers.

Defendants:
The Regency Group, LLC, J. Coutris Partners, LP, Wellington Capital Enterprises, Inc.
Scott F. Gelbard, Jeffrey S. Koslosky, Aaron S. Lamkin, John J. Coutris, Michael J. Coutris, Joseph S. Fernando, James J. Coutris, Dimitrios I. Gountis
Sanction Amount:
$3,148,819
Violation
Market Manipulation
Key Docs
Official SEC press release
32.9018 -117.24

The Titan Corporation

Defendant violated the Foreign Corrupt Practices Act by making illegal payments to officials in Africa in exchange for favorable treatment.

Defendants:
The Titan Corporation
Sanction Amount:
$28,479,195
Violation
Foreign Corrupt Practices Act
Key Docs
Official SEC press release
0 0

Thomas T. Prousalis, Jr., Robert T. Kirk

Defendants engaged in a scheme to buy unsold shares of an IPO with corporate funds and no disclosure.

Defendants:
Thomas T. Prousalis, Jr., Robert T. Kirk
Sanction Amount:
$4,900,000
Violation
Offering Fraud
Key Docs
Official SEC press release
29.9497 -90.0697

Tidewater Inc.

Defendants violated the Foreign Corrupt Practices Act by making illegal payments to Nigerian officials in exchange for favorable treatment.

Defendants:
Tidewater Inc.
Sanction Amount:
$8,321,362
Violation
Foreign Corrupt Practices Act
Key Docs
Official SEC press release
40.7511 -73.9783

Tiger Asia Management, LLC

Defendants committed insider trading when they traded securities based on insider information they learned during a confidential meeting.

Defendants:
Tiger Asia Management, LLC
Raymond Y.H. Park, Sung Kook "Bill" Hwang
Sanction Amount:
$44,006,547
Violation
Trading and Pricing
Key Docs
Official SEC press release
40.7604 -73.9808

Time Warner Inc., James W. Barge, Pascal Desroches, Wayne H. Pace

Defendants engaged in a fraudulent round tripping scheme to inflate internet advertising revenues by creating false transactions between themselves knowing the next step would be they would be on the receiving end of a fake transactions.

Defendants:
Time Warner Inc.
James W. Barge, Pascal Desroches, Wayne H. Pace
Sanction Amount:
$300,000,000
Violation
Financial Fraud
Key Docs
Official SEC press release
38.0287 -78.4776

Tower Analysis, Inc., Nasco Tang Corp., Nadia Capital Corp., Blue Logid Operating Partners LP, Nadia Capital Operating Partners LP, Fleming- AOD, Inc., John M. Donnelly, Deborah Donnelly, Samuel P. Fleming

Defendants engaged in a Ponzi scheme raising money through three investment funds and then engaged in basically no investing but instead paid prior investors interest.

Defendants:
Tower Analysis, Inc., Nasco Tang Corp., Nadia Capital Corp., Blue Logid Operating Partners LP, Nadia Capital Operating Partners LP, Fleming- AOD, Inc.
John M. Donnelly, Deborah Donnelly, Samuel P. Fleming
Sanction Amount:
$3,929,003
Violation
Offering Fraud
Key Docs
Official SEC press release
46.2212 6.09747

Transocean Inc.

Defendants violated the Foreign Corrupt Practices Act by making illegal payments to Nigerian officials in exchange for favorable treatment.

Defendants:
Transocean Inc.
Sanction Amount:
$7,265,080
Violation
Foreign Corrupt Practices Act
Key Docs
Official SEC press release
40.5408 -80.1814

Tri Energy, Inc., H& J Energy Company, Inc., Marina Investors Group, Inc., DJM, LLC, Financial MD, Inc., Financial MD and Associates, Inc., Global Village Records, La Vie D'Argent, R.P.J. Investment Group, Inc., T.M.A. Investment Enterprises, Lowell D

Defendant operated a Ponzi scheme luring investors to invest with him with outlandish promises of returns topping 500-1000% within 60 days by helping a Saudi Prince move gold through Israel.

Defendants:
Tri Energy, Inc., H& J Energy Company, Inc., Marina Investors Group, Inc., DJM, LLC, Financial MD, Inc., Financial MD and Associates, Inc., Global Village Records, La Vie D'Argent, R.P.J. Investment Group, Inc., T.M.A. Investment Enterprises
Lowell Decker, Robert Jennings, Henry Jones, Arthur Simburg, Mildred Stultz, Daniel J. Merriman, Thomas Avery, Wing NGA Lau, a/k/a/ Adrienne Lau
Sanction Amount:
$51,000,000
Violation
Offering Fraud
Key Docs
Official SEC press release
29.7311 -95.475

Trinarc Corporation, Edward Gurin, Joshua Gurin

Defendants violated securities law by defrauding investors by soliciting investors to invest in unregistered, and at times, non-existent securities of private companies.

Defendants:
Trinarc Corporation
Edward Gurin, Joshua Gurin
Sanction Amount:
$3,261,414
Violation
Offering Fraud
Key Docs
Official SEC press release
29.588 -95.1059

Tri-Star Investment Group, LLC a/k/a Tri-Star Investment Group, Lazor, Ltd., Louis M. Lazorwitz, J. Charles Reives

Defendants lured investors to invest with them on the basis of numerous false and misleading statements and then used the majority of the money for personal use.

Defendants:
Tri-Star Investment Group, LLC a/k/a Tri-Star Investment Group, Lazor, Ltd.
Louis M. Lazorwitz, J. Charles Reives
Sanction Amount:
$16,430,000
Violation
Offering Fraud
Key Docs
Official SEC press release
40.3209 -74.6408

Tyco International Ltd.

Defendant violated the Foreign Corrupt Practices Act by making illegal payment to officials in more than a dozen nations in exchange for favorable treatment.

Defendants:
Tyco International Ltd.
Sanction Amount:
$13,131,509
Violation
Foreign Corrupt Practices Act
Key Docs
Official SEC press release
40.3209 -74.6408

Tyco International Ltd.

Defendant violated securities laws by fraudulently inflating its revenues by over $500 by using accounting tricks on numerous mergers.

Defendants:
Tyco International Ltd.
Sanction Amount:
$50,000,000
Violation
Financial Fraud
Key Docs
Official SEC press release
36.153 -94.1551

Tyson Foods Inc., Tyson de Mexico

Defendant violated the Foreign Corrupt Practices Act by making illegal payment to Mexican officials in exchange for favorable treatment.

Defendants:
Tyson Foods Inc., Tyson de Mexico
Sanction Amount:
$1,200,000
Violation
Foreign Corrupt Practices Act
Key Docs
Official SEC press release
41.0249 -73.7631

U.S. Gas & Electric, Inc., Donald E. Secunda, Larry Webman, Melvin Webamn

Defendants lured investors to invest in their funds with the promises of 25-50% returns for years to come but failed to disclose the telemarketers selling the securities were receiving high commissions.

Defendants:
U.S. Gas & Electric, Inc.
Donald E. Secunda, Larry Webman, Melvin Webamn
Sanction Amount:
$1,302,837
Violation
Offering Fraud
Key Docs
Official SEC press release
40.7612 -73.9806

UBS Financial Services, Inc.

Defendant engaged in fraudulent bid rigging scheme in the purchase of municipal bonds.

Defendants:
UBS Financial Services, Inc.
Sanction Amount:
$47,200,000
Violation
Municipal Securities Fraud
Key Docs
Official SEC press release
41.8823 -87.6361

UBS O'Connor LLC

The Commission accepted an Offer of Settlement where defendant violated Rule 105 of Regulation M by engaging in short selling shares during the shares pre IPO quiet period.

Defendants:
UBS O'Connor LLC
Sanction Amount:
$5,297,356
Violation
Trading and Pricing
Key Docs
Official SEC press release
40.756 -73.9742

UBS Securities LLC

The Commission accepted an Offer of Settlement where defendant violated the securities laws where it failed to disclose the risks associated with synthetic collateralized debt obligations.

Defendants:
UBS Securities LLC
Sanction Amount:
$49,782,187
Violation
Offering Fraud
Key Docs
Official SEC press release
40.7509 -73.9777

UBS Securities LLC, UBS Financial Services, Inc.

Defendants failed to fully disclose the risks inherent in auction rate securities.

Defendants:
UBS Securities LLC, UBS Financial Services, Inc.
Sanction Amount:
$22,700,000,000
Violation
Offering Fraud
Key Docs
Official SEC press release
41.0186 -73.6499

United Rentals, Inc.

Defendant engaged in a series of fraudulent transactions where no actual transaction occurred, but the company booked revenue to make earnings.

Defendants:
United Rentals, Inc.
Sanction Amount:
$14,000,000
Violation
Financial Fraud
Key Docs
Official SEC press release
37.5404 -77.5663

Universal Corporation, Inc., Alliance Once International, Inc.

Defendants violated the Foreign Corrupt Practice Act by making illegal payments to officials in Kyrgyzstan, China, Greece, and Indonesia, Malawi and Mozambique in exchange for favorable treatment.

Defendants:
Universal Corporation, Inc., Alliance Once International, Inc.
Sanction Amount:
$14,581,277
Violation
Foreign Corrupt Practices Act
Key Docs
Official SEC press release
42.2792 -71.4165

Universo FoneClub Corporation, Sanderley R. De Vasconcelos, Victor Sales

Defendants orchestrate a pyramid scheme aimed at Brazilian Americans through the sale of shares in a company called FoneClub. In reality, investors would only be paid if new investors came in.

Defendants:
Universo FoneClub Corporation
Sanderley R. De Vasconcelos, Victor Sales
Sanction Amount:
$1,840,474
Violation
Offering Fraud
Key Docs
Official SEC press release
34.0622 -118.298

Unus Capital Management, Inc., Peoplen Investment, Corp., Hyun Soo Jang, Kangsan Kim

Defendants made material false and misleading statements to potential investors regarding their expertise and success in the investing industry.

Defendants:
Unus Capital Management, Inc., Peoplen Investment, Corp.
Hyun Soo Jang, Kangsan Kim
Sanction Amount:
$4,107,962
Violation
Offering Fraud
Key Docs
Official SEC press release
37.7281 -122.234

UTStarcom, Inc.

Defendant violated the Foreign Corrupt Practice Act by making illegal payments to officials in Asia in exchange for favorable treatment.

Defendants:
UTStarcom, Inc.
Sanction Amount:
$1,500,000
Violation
Foreign Corrupt Practices Act
Key Docs
Official SEC press release
0 0

Vasant H. Raval, Rajnish K. Das, Stormy L. Dean, Vinod Gupta

Defendants violated securities laws when Defendant Gupta improperly spent millions of dollar of corporate money on family and personal expenses and the other Defendants failed to identify the red flags that this activity was occurring.

Defendants:
Vasant H. Raval, Rajnish K. Das, Stormy L. Dean, Vinod Gupta
Sanction Amount:
$7,481,100
Violation
Financial Fraud
Key Docs
Official SEC press release
53.3327 -6.24791

Vavasseur Corporation, Overseas Development Bank & Trust, Investors Bank & Trust, Bank of Ireland, Banamex Bank, Butterfield Bank, Cathay Bank, Dobb White & Co., Morris White & Co., Terry L. Dowdell, Shinder Gangar, Alan White

Defendants orchestrated a Ponzi scheme using prime bank like tactics to raise money from investors that was used for personal use and to pay back withdraw requests.

Defendants:
Vavasseur Corporation, Overseas Development Bank & Trust, Investors Bank & Trust, Bank of Ireland, Banamex Bank, Butterfield Bank, Cathay Bank, Dobb White & Co., Morris White & Co.
Terry L. Dowdell, Shinder Gangar, Alan White
Sanction Amount:
$130,846,214
Violation
Offering Fraud
Key Docs
Official SEC press release
26.3524 -80.0863

Vector Medical Technologies, Inc., Michael H. Salit, James P. Farnell, Michael J. Farnell, David A. Zimmerman, Stanley Wasser

Defendants participated in a penny stock scheme.

Defendants:
Vector Medical Technologies, Inc.
Michael H. Salit, James P. Farnell, Michael J. Farnell, David A. Zimmerman, Stanley Wasser
Sanction Amount:
$16,737,834
Violation
Offering Fraud
Key Docs
Official SEC press release
37.397 -122.054

Veritas Software Corporation

Defendant Veritas Software engaged in a fraudulent earnings management scheme through a round-tripping scheme with AOL.

Defendants:
Veritas Software Corporation
Sanction Amount:
$30,000,000
Violation
Financial Fraud
Key Docs
Official SEC press release
34.0489 -118.462

Veritasiti Corporation d/b/a MediaData Corporation, Frank J.. Russo

Defendant misled investors that investments were going to bonds and stable securities when in reality they were going to joint venture he started with a college acquaintance.

Defendants:
Veritasiti Corporation d/b/a MediaData Corporation
Frank J.. Russo
Sanction Amount:
$14,100,000
Violation
Offering Fraud
Key Docs
Official SEC press release
25.7637 -80.1894

Vestron Financial Corp., Salman Sariff

Defendants engaged in a scheme to defraud investors out of over $11 million by making false statements with respect to the nature of the investments.

Defendants:
Vestron Financial Corp.
Salman Sariff
Sanction Amount:
$2,666,517
Violation
Offering Fraud
Key Docs
Official SEC press release
27.3368 -82.5381

Viatical Capital, Inc., Robert Kingston Coyne

Defendants engaged in a scheme to defraud investors over the sale of viatical agreements by making false and misleading statements with respect to the validity of the agreements and the strength of the investment.

Defendants:
Viatical Capital, Inc.
Robert Kingston Coyne
Sanction Amount:
$5,018,148
Violation
Offering Fraud
Key Docs
Official SEC press release
42.2906 -71.1633

Viking Financial Group, Inc., Steven Palladino

Defendants defrauded investors by making false and misleading statements that the invested funds would go to making high interest loans to credit shaky customers but instead used the money to support a lavish lifestyle.

Defendants:
Viking Financial Group, Inc.
Steven Palladino
Sanction Amount:
$3,100,000
Violation
Financial Fraud
Key Docs
Official SEC press release
48.8743 2.2977

Vivendi Universal, S.A., Jean-Marie Messier, Guillaume Hannezo

Defendants made a series of false and misleading statements designed to disguise the company's cash flow and liquidity problems, improperly adjusted accounting reserves to meet earnings before income taxes, depreciation, and amortization (EBITDA) targets, and failed to disclose material financial commitments, all in violation of the antifraud provisions of the federal securities laws.

Defendants:
Vivendi Universal, S.A.
Jean-Marie Messier, Guillaume Hannezo
Sanction Amount:
$51,268,149
Violation
Financial Fraud
Key Docs
Official SEC press release
40.7596 -73.9782

W.P. Carey & Co. LLC, John J. Park, Claude Fernandez

Defendants violated securities laws by failing to disclose compensation paid to a broker-dealer involved in the sale of interests in REITs.

Defendants:
W.P. Carey & Co. LLC
John J. Park, Claude Fernandez
Sanction Amount:
$30,293,612
Violation
Financial Fraud
Key Docs
Official SEC press release
0 0

Wachovia Bank, N.A.

Defendant Wachovia violated securities law when it engaged in bid rigging municipal bond processes.

Defendants:
Wachovia Bank, N.A.
Sanction Amount:
$46,078,591
Violation
Municipal Securities Fraud
Key Docs
Official SEC press release
35.2235 -80.8442

Wachovia Corporation

Defendant failed to disclose material risks and purchases made in connection with Wachovia's purchase of First Union Corporation.

Defendants:
Wachovia Corporation
Sanction Amount:
$37,000,000
Violation
Market Manipulation
Key Docs
Official SEC press release
35.2235 -80.8442

Wachovia Securities LLC

Defendant violated securities laws when it misled investors regarding the liquidity of auction rate securities.

Defendants:
Wachovia Securities LLC
Sanction Amount:
$7,000,000,000
Violation
Offering Fraud
Key Docs
Official SEC press release
42.6565 -71.105

Watts Water Technologies, Inc., Watts Valve (Changsha) Co., Ltd., Watts (Shanghai) Management Co., Ltd., Leesen Chang

The Commission accepted an Offer of Settlement where defendant violated the Foreign Corrupt Practices Act when it made illegal payments to officials in China.

Defendants:
Watts Water Technologies, Inc., Watts Valve (Changsha) Co., Ltd., Watts (Shanghai) Management Co., Ltd.
Leesen Chang
Sanction Amount:
$3,801,606
Violation
Foreign Corrupt Practices Act
Key Docs
Official SEC press release
42.5219 -83.3444

Well Advantage

Defendant engaged in insider training by purchasing a large amount of shares in a corporation it learned was being purchased in an upcoming transaction - once the transaction closed the fund liquidated its holdings on the share price pop.

Defendants:
Well Advantage
Sanction Amount:
$14,245,267.00
Violation
Trading and Pricing
Key Docs
Official SEC press release
28.0316 -82.5488

WellCare Health Plans, Inc.

Defendant violated securities laws by overstating its publicly reported net income as a result of withholding over $40 million of it was required to return to state run insurance programs.

Defendants:
WellCare Health Plans, Inc.
Sanction Amount:
$10,000,000
Violation
Financial Fraud
Key Docs
Official SEC press release
44.9734 -93.2647

Wellness Universe Corporation, Synpan Corporation, George Charles Pappas, Paul George Pappas, Kyriak W. Pappas, Karyn L. Pappas, Makypa

Defendants engaged in a pump and dump scheme where they released a series of false and misleading statements designed to inflate the price of their securities and then sold the shares at the inflated price.

Defendants:
Wellness Universe Corporation, Synpan Corporation
George Charles Pappas, Paul George Pappas, Kyriak W. Pappas, Karyn L. Pappas, Makypa
Sanction Amount:
$1,203,572
Violation
Market Manipulation
Key Docs
Official SEC press release
37.7934 -122.403

Wells Fargo, Shawn McMurty

Defendant Wells Fargo violated securities laws when it sold asset backed commercial paper structured with high-risk mortgage-backed securities and collateralized debt obligations (CDOs) to municipalities, non-profit institutions, and other customers without obtaining sufficient information about the investment.

Defendants:
Wells Fargo
Shawn McMurty
Sanction Amount:
$6,606,572
Violation
Offering Fraud
Key Docs
Official SEC press release
0 0

Wendy Feldman Purner

Defendant misappropriated over $4 million from her investor clients for personal use and then hid the fraud by sending out false accounting statements.

Defendants:
Wendy Feldman Purner
Sanction Amount:
$4,145,000
Violation
Offering Fraud
Key Docs
Official SEC press release
34.1046 -118.15

Whittier Trust Company, Victor Dosti

Defendants engaged in insider trading by trading on material non-public information in Dell and NVidia.

Defendants:
Whittier Trust Company
Victor Dosti
Sanction Amount:
$1,682,150
Violation
Trading and Pricing
Key Docs
Official SEC press release
29.7478 -95.4517

Willbros Group, Inc., Jason Steph, Lloyd Biggers, Carlos Galvez

Defendants violated the Foreign Corrupt Practices Act by making illegal payments to Nigerian officials in exchange for favorable treatment.

Defendants:
Willbros Group, Inc.
Jason Steph, Lloyd Biggers, Carlos Galvez
Sanction Amount:
$10,365,000
Violation
Foreign Corrupt Practices Act
Key Docs
Official SEC press release
0 0

William F. Mahon, Dean J. Jupiter, Lee Jupiter, Barbara Jupiter, Jillian Coen, Robert Coen

Defendants schemed to defraud an insurance brokerage firm by engaging in fraudulent and deceptive transactions.

Defendants:
William F. Mahon, Dean J. Jupiter, Lee Jupiter, Barbara Jupiter, Jillian Coen, Robert Coen
Sanction Amount:
$30,177,574
Violation
Financial Fraud
Key Docs
Official SEC press release
0 0

William T. Owens, Weston L. Smith

Defendants violated securities laws by aiding and abetting the HealthSouth accounting fraud.

Defendants:
William T. Owens, Weston L. Smith
Sanction Amount:
$6,918,335
Violation
Financial Fraud
Key Docs
Official SEC press release
0 0

William W. McGuire, M.D.

Defendant engaged in awarding deeply in the money backdated stock options to avoid disclosure provisions and in violation of securities laws.

Defendants:
William W. McGuire, M.D.
Sanction Amount:
$19,695,088
Violation
Financial Fraud
Key Docs
Official SEC press release
26.8366 -80.0735

Winning Kids, Inc., Christian Hainsworth

Defendants defrauded investors by offering and selling unregistered securities through a series of private offerings, which they marketed primarily through radio advertisements.

Defendants:
Winning Kids, Inc.
Christian Hainsworth
Sanction Amount:
$3,315,895
Violation
Offering Fraud
Key Docs
Official SEC press release
40.4261 -79.8109

World Health Alternatives, Inc., Richard E. McDonald, Deanna Seruga, Marc D. Roup, Joseph I. Emas

Defendants violated securities laws when they engaged in fraudulent accounting practices to understate expenses and liabilities.

Defendants:
World Health Alternatives, Inc.
Richard E. McDonald, Deanna Seruga, Marc D. Roup, Joseph I. Emas
Sanction Amount:
$12,405,932
Violation
Financial Fraud
Key Docs
Official SEC press release
33.1883 -117.374

World Information Technology, Inc., Gary Morgan

Defendant engaged in a pump and dump scheme where he released a series of false and misleading statements meant to make the company look more attractive than it was and paid brokers hundreds of thousands of dollars to sell shares in the company to drive up the price.

Defendants:
World Information Technology, Inc.
Gary Morgan
Sanction Amount:
$1,153,070
Violation
Market Manipulation
Key Docs
Official SEC press release
40.757 -73.9839

WorldCom Inc.

The Commission announced a settlement with WorldCom over the allegations that insiders at WorldCom grossly overstated its earning for at least four years.

Defendants:
WorldCom Inc.
Sanction Amount:
$2,250,000,000
Violation
Financial Fraud
Key Docs
Official SEC press release
26.9421 -80.0779

Worldwide Entertainment, Inc., Entertainment Group Fund, Inc., John P. Utsick

Defendants lured investors to invest based on numerous false and misleading statements and with the promises of guaranteed returns upwards of 15-25%.

Defendants:
Worldwide Entertainment, Inc., Entertainment Group Fund, Inc.
John P. Utsick
Sanction Amount:
$5,077,188
Violation
Offering Fraud
Key Docs
Official SEC press release
42.1532 -87.839

Worldwide Financial Group, Inc., World Wide Sports Group, Inc., Dunyasha M. Yetts

Defendants lured investors to invest based on numerous false and misleading statements and used many of the funds for personal use. Defendants than covered their tracks with false and misleading financial statements.

Defendants:
Worldwide Financial Group, Inc., World Wide Sports Group, Inc.
Dunyasha M. Yetts
Sanction Amount:
$3,090,627
Violation
Offering Fraud
Key Docs
Official SEC press release
32.7174 -117.158

Worldwide T&P, Inc., First National Equity, LLC, P.K. Trust & Holding, Inc., John L. Montana, Melvin R. Lyttle, Paul E. Knight

Defendants defrauded investors by making misrepresentations and omissions of material fact regarding the investment's rate of return, the safety of the investment and the use of investor funds.

Defendants:
Worldwide T&P, Inc., First National Equity, LLC, P.K. Trust & Holding, Inc.
John L. Montana, Melvin R. Lyttle, Paul E. Knight
Sanction Amount:
$14,056,495
Violation
Offering Fraud
Key Docs
Official SEC press release
39.9492 -76.7441

York International Corporation

Defendants violated the Foreign Corrupt Practices Act both in making illegal payments to Iraq under the U.N. Oil for Food Program and in making illegal payments to officials in in the Middle East, India, China, Nigeria and Europe in exchange for favorable treatment.

Defendants:
York International Corporation
Sanction Amount:
$12,032,880
Violation
Foreign Corrupt Practices Act
Key Docs
Official SEC press release
45.0503 -93.4071

Zomax, Inc., James T. Anderson

Defendant violated the insider trading laws by selling all of his shares in the company he co-founded ahead of the earnings release announcing the company missed earnings by a substantial amount.

Defendants:
Zomax, Inc.
James T. Anderson
Sanction Amount:
$8,041,680
Violation
Financial Fraud
Key Docs
Official SEC press release
47.3774 8.51138

Zurich Financial Services

Defendant insurance company engaged in a fraudulent accounting scheme where they established fraudulent reinsurance programs to extract the benefits that come with reinsurance policies, but because they were fraudulent, came at no cost.

Defendants:
Zurich Financial Services
Sanction Amount:
$25,000,000
Violation
Financial Fraud
Key Docs
Official SEC press release
43.8602 -91.2392

Jeremy Fisher, The Good Life Financial Group, Inc., The Good Life Global, LLC

Fraudulent offerings of securities conducted through companies. Funds that were supposed to be invested in a special trading platform involving CDOs and medium term notes (approximately $1.04 million) were instead predominantly misappropriated by orchestrator to pay his personal expenses.

Defendants:
The Good Life Financial Group, Inc., The Good Life Global, LLC
Jeremy Fisher
Sanction Amount:
$$1,086,226
Violation
Offering Fraud
Key Docs
Official SEC press release
41.0297 -73.7739

Petro-Suisse Ltd., Mark Gasarch

Materially false and misleading Private Placement Memoranda for partnership interests offered to finance drilling of wells in Trinidad. Approximately $8.4 million interests sold. The partnerships never entered into investments as represented.

Defendants:
Petro-Suisse Ltd.
Mark Gasarch
Sanction Amount:
$8,500,000
Violation
Offering Fraud
Key Docs
Official SEC press release
0 0

James C. Mulholland, Jr., Thomas S. Mulholland

Fraud in the offer and sale of approximately $2 million of demand notes in a failing real estate business, which was misrepresented as profitable. Investments, likewise, were misrepresented as secure/redeemable, and in the promise of stable, healthy returns.

Defendants:
James C. Mulholland, Jr., Thomas S. Mulholland
Sanction Amount:
$1,060,718
Violation
Offering Fraud
Key Docs
Official SEC press release
41.5179 -75.6983

The Milan Group, Inc., a/k/a The Milan Trading Group, Inc., Frank L. Pavlico III, a/k/a Frank Lorenzo, Brynee K. Baylor, Baylor & Jackson, P.L.L.C., Mia C. Baldassari, Patrick T. Lewis, The Julian Estate, Inc., Global Funding Systems, LLC, GPH Holdings, L

A "prime bank" scheme operated in 2010-2011. Investors defrauded out of $2.665 million by offers of spectacular, risk-free returns through investments made to sound cutting-edge/exclusive, but which did not really exist. Scheme furthered by attorney found to have knowingly or recklessly provided substantial assistance.

Defendants:
The Milan Group, Inc., Baylor & Jackson, P.L.L.C., The Julian Estate, Inc., Global Funding Systems, LLC, GPH Holdings, LLC
Frank L. Pavlico III, a/k/a Frank Lorenzo, Brynee K. Baylor, Mia C. Baldassari, Patrick T. Lewis, Dawn R. Jackson
Sanction Amount:
$6,513,226
Violation
Offering Fraud
Key Docs
Official SEC press release
41.0477 -73.5441

RBS Securities, Inc.

Alleged misrepresentations concerning the quality of residential mortgage-backed securities included in a $2.2 billion offering ("Soundview Home Loan Trust 2007-OPT1").

Defendants:
RBS Securities, Inc.
Sanction Amount:
$153,700,000
Violation
Offering Fraud
Key Docs
Official SEC press release
42.2906 -71.1633

Steven Palladino, Viking Financial Group, Inc.

Ponzi scheme centered around a short-term, high interest loan company. Orchestrators made very few real loans, instead using investors' funds largely to make payments to earlier investors and for personal expenses. Approximately 33 victims and $9.7 million stolen.

Defendants:
Viking Financial Group, Inc.
Steven Palladino
Sanction Amount:
$9,824,108
Violation
Offering Fraud
Key Docs
Official SEC press release
0 0

Dawn Wright-Olivares, Daniel Olivares

Internet-based combined Ponzi and pyramid scheme raising more than $850 million from over a million customer/investors in under two years. Investments were taken through an "affiliate advertising division" for a penny auction site that offered unregistered securities and the orchestrators fabricated performance results.

Defendants:
Dawn Wright-Olivares, Daniel Olivares
Sanction Amount:
$11,456,999.52
Violation
Offering Fraud
Key Docs
Official SEC press release
42.4328 -82.8775

Joseph Paul Zada, Zada Enterprises, LLC

Ponzi scheme conducted through offer of unregistered promissory notes with high interest rates and falsely-claimed underlying oil investments. Orchestrator raised at least $27.5 million from at least 60 investors over approximately 3.5 years.

Defendants:
Zada Enterprises, LLC
Joseph Paul Zada
Sanction Amount:
$121,657,741
Violation
Offering Fraud
Key Docs
Official SEC press release
42.3312 -83.0459

Onyx Capital Advisors, LLC, Roy Dixon, Jr., Michael A. Farr

Start-up private equity fund raised approximately $23.8 million from three pension funds. Founder and friend misappropriated approximately $5.4 million through illegal withdrawals and diverting money from purported investments into companies controlled by the friend.

Defendants:
Onyx Capital Advisors, LLC
Roy Dixon, Jr., Michael A. Farr
Sanction Amount:
$9,500,000
Violation
Offering Fraud
Key Docs
Official SEC press release
41.9853 -87.832

A Chicago Convention Center, LLC, Anshoo Sethi, Intercontinental Regional Center Trust of Chicago, LLC

Fraud targeting foreign investors seeking to participate in EB-5 immigrant program. Approximately $158 million raised including approximately $11 million in administrative fees based on false representations about hotel and conference center construction projects/investments.

Defendants:
A Chicago Convention Center, LLC, Intercontinental Regional Center Trust of Chicago, LLC
Anshoo Sethi
Sanction Amount:
$15,400,000
Violation
Offering Fraud
Key Docs
Official SEC press release
0 0

Richard K. Olive, Susan L. Olive

Husband and wife raised $75 million from more than 400 investors, many or all of which were elderly, through sales of misrepresented and illegitimate charitable gift annuities. Only a small amount of funds went to charitable services. Approximately $60 million recovered.

Defendants:
Richard K. Olive, Susan L. Olive
Sanction Amount:
$2,303,917
Violation
Offering Fraud
Key Docs
Official SEC press release
34.167 -118.532

Robert Hurd, Your Best Memories International Inc.

Ponzi scheme raising approximately $1.2 million from more than 50 investors via false representations including that investments would be used to finance development and marketing of products to combat Alzheimer's disease. Instead, a much greater percentage of the funds were diverted for orchestrator's personal interests.

Defendants:
Your Best Memories International Inc.
Robert Hurd
Sanction Amount:
$1,960,170
Violation
Offering Fraud
Key Docs
Official SEC press release
28.0912 -82.4037

OM Investment Management LLC, Gignesh Movalia

Unregistered hedge fund fraudulently raised more than $15 million in under a year, ostensibly for a pooled investment to acquire pre-IPO shares of Facebook. But those shares were secretly sold, and undisclosed, related party transactions were entered into. False account statements were also distributed in concealment of the scheme.

Defendants:
OM Investment Management LLC
Gignesh Movalia
Sanction Amount:
$2,029,800.04
Violation
Offering Fraud
Key Docs
Official SEC press release
44.8596 -93.2266

Marcus Luna, Nathan Montgomery, Adam Daskivich, David Murtha, St. Paul Venture Fund LLC, Minnesota Venture Capital, Inc., Real Estate of Minnesota, Inc., Matrix Venture Capital, Inc.

Multi-million dollar scheme to sell shares of Axis Technologies Group, Inc. stock in a public distribution without registration with the Commission. Involved a false legal opinion letter to a transfer agent that the shares were unrestricted pursuant to an exemption from registration under Regulation D.

Defendants:
St. Paul Venture Fund LLC, Minnesota Venture Capital, Inc., Real Estate of Minnesota, Inc., Matrix Venture Capital, Inc.
Marcus Luna, Nathan Montgomery, Adam Daskivich, David Murtha
Sanction Amount:
$23,190,000
Violation
Offering Fraud
Key Docs
Official SEC press release
44.9315 -93.329

Todd A. Duckson, Capital Solutions Monthly Income Fund, LP, Transactional Fund Management LLC

False and misleading statements in connection with series of unregistered offerings of Fund interests. Investments totalling approximately $22 million raised over a two year period were supposed to be used to make real estate loans and other Fund investments, but were diverted to other, undisclosed purposes.

Defendants:
Capital Solutions Monthly Income Fund, LP, Transactional Fund Management LLC
Todd A. Duckson
Sanction Amount:
$19,706,151
Violation
Offering Fraud
Key Docs
Official SEC press release
0 0

Bernard H. Butts, Margaret A. Hering

Prime bank scheme orchestrated by Florida attorney, who held himself out and took in approximately $3.5 million in investments as an escrow agent for a supposed international trading program that didn't really exist.

Defendants:
Bernard H. Butts, Margaret A. Hering
Sanction Amount:
$3,951,696
Violation
Offering Fraud
Key Docs
Official SEC press release
0 0

M. "Shi" Shailendra

Alleged oral and written misrepresentations concerning a GA-registered LLC held out as a distressed real estate investment vehicle. In excess of $2 million believed misappropriated for personal interests, and equity interests self-allocated despite not being funded.

Defendants:
M. "Shi" Shailendra
Sanction Amount:
$2,530,294
Violation
Offering Fraud
Key Docs
Official SEC press release
37.5129 -77.5347

AIC, Inc., Community Bankers Securities, LLC, Nicholas D. Skaltsounis, Allied Beacon Partners, Inc., f/k/a Waterford Investor Services, Inc., Advent Securities, Inc., CL Wealth Management, LLC, f/k/a Allied Beacon Wealth Management, LLC, f/k/a CBS Advisor

Ponzi scheme in which financial services holding company was used as basis for offerings of promissory notes and stock, which were sold through registered representatives associated with a broker-dealer subsidiary of the holding company, generally to unsophisticated investors who were misled as to risks, use of proceeds, etc.

Defendants:
AIC, Inc., Community Bankers Securities, LLC, Allied Beacon Partners, Inc., Advent Securities, Inc., CL Wealth Management, LLC
Nicholas D. Skaltsounis
Sanction Amount:
$70,630,728
Violation
Offering Fraud
Key Docs
Official SEC press release
0 0

Trendon T. Shavers, Bitcoin Savings and Trust

Bitcoin Ponzi scheme operated through an unincorporated, online entity. Investors were lured in and defrauded out of more than 700,000 bitcoins with promises of high interest rates to be generated by trading against the dollar and "off the radar" sales of the virtual currency.

Defendants:
Bitcoin Savings and Trust
Trendon T. Shavers
Sanction Amount:
$40,704,667
Violation
Offering Fraud
Key Docs
Official SEC press release
41.0198 -73.6482

Marlon Quan, Acorn Capital Group, LLC, Stewardship Investment Advisors, LLC, ACG II, LLC

Sanction consists of disgorgement and interest for funnelling money from hedge fund investors into Tom Petters Ponzi scheme (and collecting massive fees therefor). Estimated losses of over $220 million. Investors were lured by misrepresentations about the security of their investments, and defaults were concealed.

Defendants:
Acorn Capital Group, LLC, Stewardship Investment Advisors, LLC, ACG II, LLC
Marlon Quan
Sanction Amount:
$96,191,673
Violation
Offering Fraud
Key Docs
Official SEC press release
0 0

Dennis F. Wright

Misappropriation by registered represesentative of over $1.5 million from at least 28 customers, by convincing them to redeem so he could re-invest their proceeds in a managed account. Instead, the money was deposited in a personal bank account and false statements were sent to customers.

Defendants:
Dennis F. Wright
Sanction Amount:
$2,024,035
Violation
Offering Fraud
Key Docs
Official SEC press release
0 0

Timothy J. Coughlin, OICU Ltd., OICU Investments Corp., American Quality Cleaning Services, Inc. (d/b/a "Oxford Privacy Group"), Avocalon, LLC

Ponzi scheme operated over the internet through two entities, formed in Panama and the Commonwealth of Dominica, respectively, collecting investments exceeding $12.8 million from more than 5,000 investors. They were deceived into believing they were investing in an offshore credit union, but it actually did not exist.

Defendants:
OICU Ltd., OICU Investments Corp., American Quality Cleaning Services, Inc. (d/b/a "Oxford Privacy Group"), Avocalon, LLC
Timothy J. Coughlin
Sanction Amount:
$16,278,759
Violation
Offering Fraud
Key Docs
Official SEC press release
0 0

Sandra Dyche

Part of a larger litigation, Dyche was alleged to have participated in diverting $1 million in funds that were purportedly raised by/for an energy company, but which instead were used to cover costs of an unrelated lawsuit against her. Sanction is the result of a settlement.

Defendants:
Sandra Dyche
Sanction Amount:
$1,414,000
Violation
Offering Fraud
Key Docs
Official SEC press release
37.0466 -122.018

John A. Geringer, GLR Advisors, LLC

Estimated $60 million Ponzi scheme defrauding investors in GLR Growth Fund, L.P by touting fictitious profits from investments in liquid investments tied to major stock indices, instead of the losses incurred from the Fund's actual investments in private, illiquid startup companies.

Defendants:
GLR Advisors, LLC
John A. Geringer
Sanction Amount:
$2,772,475
Violation
Offering Fraud
Key Docs
Official SEC press release
42.565 -70.9859

Biochemics, Inc.

Misrepresentations in offering of interests in company, luring investments of at least $9 million from approximately 70 investors. Among other things, investors were falsely told that the company had ongoing, valuable collaborations with pharma companies and drugs under FDA review, and had been independently valued at between $500 million and $2 billion.

Defendants:
Biochemics, Inc.
Sanction Amount:
$17,897,884
Violation
Offering Fraud
Key Docs
Official SEC press release
40.7637 -73.9788

Macquarie Capital (USA) Inc., Aaron Black, William Fang

Due diligence failure in underwriting public offering of Puda Coal, contributing to losses of hundreds of millions of shareholder value. Defendant company made $4.17 million profit as lead underwriter, despite having previously received information from Kroll Associates indicating that Puda Coal's claim of ownership of its principal/sole asset was false.

Defendants:
Macquarie Capital (USA) Inc.
Aaron Black, William Fang
Sanction Amount:
$15,247,711
Violation
Offering Fraud
Key Docs
Official SEC press release
0 0

Joel I. Wilson

Default judgment based on allegations that Wilson raised approximately $7 million or more through offerings of registered and unregistered securities in two companies he owned, and then used the funds inconsistenly with the stated strategy, including on his personal expenses. Also, misrepresentations and omissions were included in publicly filed reports.

Defendants:
Joel I. Wilson
Sanction Amount:
$6,701,399
Violation
Offering Fraud
Key Docs
Official SEC press release
0 0

Rudolf D. Pameijer, Lindsay Sayer

Father and daughter raised money for Rykoworks Capital Group, LLC through promissory notes purporting to guarantee principal and offer risk free returns on foreign currency trading. Majority of funds were misappropriated, and the remainder depleted through trading losses by the scheme's falsely proclaimed forex expert.

Defendants:
Rudolf D. Pameijer, Lindsay Sayer
Sanction Amount:
$1,552,562
Violation
Offering Fraud
Key Docs
Official SEC press release
0 0

Neal Goyal

Ponzi scheme beginning in 2006 in which a former Chicago, Illinois investment fund manager fraudulently obtained $11.3 million from more than 40 investors who invested in private funds under his control. In addition to Ponzi payments, the manager misused the funds to support his lavish lifestyle and other businesses.

Defendants:
Neal Goyal
Sanction Amount:
$9,200,000
Violation
Offering Fraud
Key Docs
Official SEC press release
33.4313 -111.939

ABS Manager, LLC, George Charles Cody Price

Consent judgment, upon allegations that defendants defrauded investors through material misrepresentations and ommissions regarding the risks of investing in three investment funds they managed, the rates of return, assets under management, and management's background. Complaint approximated $18.8 million raised from 35 investors.

Defendants:
ABS Manager, LLC
George Charles Cody Price
Sanction Amount:
$1,237,649
Violation
Offering Fraud
Key Docs
Official SEC press release
27.3362 -82.5323

EnviraTrends, Inc., Russell Haraburda

Sanction from settled civil action, defendants allegedly raised over $2.3 million in approximately five years from EnviraTrends, Inc. stock sales to over 100 investors. In so doing, they made numerous oral and written misrepresentations, including in public filings, regarding the issuer's operations and finances, and misappropriated money for personal expenses.

Defendants:
EnviraTrends, Inc.
Russell Haraburda
Sanction Amount:
$2,436,427
Violation
Offering Fraud
Key Docs
Official SEC press release
0 0

Eric Aronson, Fredric Aaron, Vincent Buonauro

Ponzi scheme centered around a company called PermaPave Industries, which raised more than $26 million from over 140 investors through promissory notes and "use of funds" agreements. Contrary to representations, there was little demand for the company's product and defendants used investment funds for Ponzi payments and lavish lifestyles.

Defendants:
Eric Aronson, Fredric Aaron, Vincent Buonauro
Sanction Amount:
$34,340,807
Violation
Offering Fraud
Key Docs
Official SEC press release
0 0

iShopNoMarkup.com, Inc., Anthony Knight

Sanction ordered against former Chairman of Long Island-based internet startup, for selling unregistered securities in a scheme that defrauded over 350 investors of approximately 2.3 million. Offering memoranda and other documents were distributed with material misrepresentions about business operations.

Defendants:
iShopNoMarkup.com, Inc.
Anthony Knight
Sanction Amount:
$5,130,000
Violation
Offering Fraud
Key Docs
Official SEC press release
38.9353 -77.0729

Garfield M. Taylor, Jeffrey A. King, Garfield Taylor, Inc., Gibraltar Asset Management Group, LLC, The King Group, LLC

Part of a larger litigation/enforcement, concerning a Ponzi scheme that defrauded more than $27 million from approximately 130 investors from 2005 to 2010. Promissory note investments were misrepresented as low risk/high return, whereas orchestrators actually engaged in very high risk options trading (and lost).

Defendants:
Garfield Taylor, Inc., Gibraltar Asset Management Group, LLC, The King Group, LLC
Garfield M. Taylor, Jeffrey A. King
Sanction Amount:
$57,082,331
Violation
Offering Fraud
Key Docs
Official SEC press release
0 0

Premiere Power, LLC, Jerry Jankovic

Part of litigation involving Sandra Dyche, this saction was levied by default judgment against the energy company that served as the instrument of the alleged fraud, as well as its Chairman. Case involved diversion of $1 million purportedly raised for the company, but used instead to cover costs of an unrelated lawsuit.

Defendants:
Premiere Power, LLC
Jerry Jankovic
Sanction Amount:
$2,887,523
Violation
Offering Fraud
Key Docs
Official SEC press release
36.1436 -115.29

Kevin C. Brown, George P. Brown, Summit Trust Company, Trust Counselors Network, Inc., Brown Investment Advisors, Inc., Rampart Capital Management, LLC, Rampart Fund LP, Wealth Management Organization, LLC, Hoddinott Farm Development, LLC

Sanction in settlement of allegations that, over the course of more than a decade, two Pennsylvania investment advisors orchestrated offering frauds through various entities, raising over $50 million from hundreds of investors. Strategies/business operations were misrepresented, funds misappropriated, and losses concealed, including by Ponzi paments.

Defendants:
Summit Trust Company, Trust Counselors Network, Inc., Brown Investment Advisors, Inc., Rampart Capital Management, LLC, Rampart Fund LP, Wealth Management Organization, LLC, Hoddinott Farm Development, LLC
Kevin C. Brown, George P. Brown
Sanction Amount:
$45,836,000
Violation
Offering Fraud
Key Docs
Official SEC press release
40.7236 -74.0088

Brett A. Cooper, Global Funding Systems LLC, Dream Holdings, LLC, Fortitude Investing, LLC, Peninsula Waterfront Development, LP, REOP Group Inc.

Investors defrauded of more than $2 million through various frauds, including advance fee schemes guaranteeing extraordinary returns to investors in purported prime bank transactions and overseas debt instruments. In reality, orchestrator simply misappropriated the money for personal use.

Defendants:
Global Funding Systems LLC, Dream Holdings, LLC, Fortitude Investing, LLC, Peninsula Waterfront Development, LP, REOP Group Inc.
Brett A. Cooper
Sanction Amount:
$7,342,917
Violation
Offering Fraud
Key Docs
Official SEC press release
0 0

Tropikgadget FZE, Tropikgadget Unipessoal LDA, Compasswinner LDA, Happyy SGPS SA

Sanction by default judgment against two entites used in an international pyramid scheme targeting Latino communities in the U.S., as well as two relief defendants. Tropikgadget entites purportedly represented a multi-level marketing company involved in digital and mobile tech, but revenues actually came only from selling memberships to investors.

Defendants:
Tropikgadget FZE, Tropikgadget Unipessoal LDA, Compasswinner LDA, Happyy SGPS SA
Sanction Amount:
$36,128,678
Violation
Offering Fraud
Key Docs
Official SEC press release
0 0

Justin Moonyu Lee, Rebecca Taewon Lee, Thomas Edward Kent

Sanction comprised of judgments by default and on consent, against a Los Angeles lawyer, his wife, and his law partner. Based on allegations of a scheme that defrauded two dozen would-be EB-5 immigrant investors of approimately $11.5 million. The money was misappropriated.

Defendants:
Justin Moonyu Lee, Rebecca Taewon Lee, Thomas Edward Kent
Sanction Amount:
$8,829,900
Violation
Offering Fraud
Key Docs
Official SEC press release
34.4204 -119.643

Efstratios

Alleged fraud in which defendants raised nearly $3.5 million purportedly to invest in Facebook and Twitter IPOs, but instead used the money for day trading and some pay-offs to investors who complained about not receiving their promised shares of stock in the social media companies.

Defendants:
Prima Capital Group, Inc.
Efstratios
Sanction Amount:
$3,075,594
Violation
Offering Fraud
Key Docs
Official SEC press release
40.6091 -111.935

National Note of Utah, Wayne L Palmer

Ponzi scheme in which more than 600 investors were guaranteed a 12% annual return from investments that were to be completely secured and used to make hard money loans, purchase notes, and invest in real estate. Instead, invested money was simply deposted in and transferred between bank accounts, and used for Ponzi payments.

Defendants:
National Note of Utah
Wayne L Palmer
Sanction Amount:
$68,905,443
Violation
Offering Fraud
Key Docs
Official SEC press release
37.7026 -121.973

eAdGear Holdings Limited, eAdGear, Inc., Charles S. Wang, Francis Y. Yuen, Qian Cathy Zhang, Laurata Chan

Sanction comprised of consent judgments in case alleging that defendants operated an international pyramid scheme and fraudulently raised more than $129 million. Company at top of pyramid apparently had no sources of revenue other than invesments. Investment money used in part to purchase million-dollar homes for individual defendants.

Defendants:
eAdGear Holdings Limited, eAdGear, Inc.
Charles S. Wang, Francis Y. Yuen, Qian Cathy Zhang, Laurata Chan
Sanction Amount:
$26,539,280
Violation
Offering Fraud
Key Docs
Official SEC press release
0 0

Moazzam "Mark" Malik, American Bridge Investment Group, LLC, d/b/a Wolf Hedge LLC

Investors defrauded of over $1 million through sales of limited partnership interests in purported hedge fund, which had various names over time. Represented as a steady, high net worth vehicle with $100 million AUM, the fund's trading account never held more than $90,177 in assets, and all investor money was misappropriated.

Defendants:
American Bridge Investment Group, LLC, d/b/a Wolf Hedge LLC
Moazzam "Mark" Malik
Sanction Amount:
$17,723,345
Violation
Offering Fraud
Key Docs
Official SEC press release
42.7297 -73.8921

Scott Valente, The ELIV Group, LLC

More than $8 million raised from approximately 80 clients through false claims that investment company achieved consistent, outsized positive returns, among other misrepresentations. In reality company was sustaining consistent losses, and manager misappropriated client funds for personal use, leading to severe dilution.

Defendants:
The ELIV Group, LLC
Scott Valente
Sanction Amount:
$8,200,580
Violation
Offering Fraud
Key Docs
Official SEC press release
0 0

Gregory G. Jones

Texas attorney found to have defrauded investors in two investment schemes, including sales of approximately $645,000 in securities in an essentially fabricated company called Aquaphex Total Water Solutions, LLC, and raising about $6 million in another venture called Edwards Exploration, and taking approximately $480,000 in undisclosed fees.

Defendants:
Gregory G. Jones
Sanction Amount:
$1,776,534
Violation
Offering Fraud
Key Docs
Official SEC press release
42.4076 -71.1342

AVEO Pharmaceuticals, Inc.

Sanction in settlement of allegations that company raised $53 million in a public stock offering while failing to disclose that the FDA had recommended an additional clinical trial for its flagship developmental drug to treat kidney cancer.

Defendants:
AVEO Pharmaceuticals, Inc.
Sanction Amount:
$4,000,000
Violation
Offering Fraud
Key Docs
Official SEC press release
40.8959 -75.323

Daniel Rivera, Matthew Rivera, Robbins Lane Properties Inc., Daniel Rivera Inc., Rivera & Associates (a/k/a Strategic Wealth Partners of New Jersey)

Sanction in settlement of allegations that two brothers conducted a $2.7 million Ponzi scheme through an essentially fictious company they founded purportedly to develop and sell real estate, targeting elderly and unsophisticated investors over a 6 year period with advertised "guaranteed" income. Investments were simply misappropriated for personal use.

Defendants:
Robbins Lane Properties Inc., Daniel Rivera Inc., Rivera & Associates (a/k/a Strategic Wealth Partners of New Jersey)
Daniel Rivera, Matthew Rivera
Sanction Amount:
$2,771,501
Violation
Offering Fraud
Key Docs
Official SEC press release
0 0

Michael Donnelly

$1.99 million disgorgement plus prejudgment interest, against former president of Wilmington, Delaware-based Coastal Investment Advisors Inc. who took funds from elderly and unsophisticated investors and used it for personal expenses instead of investing it. False account statements, trade confirmations, and other untrue information used in concealment.

Defendants:
Michael Donnelly
Sanction Amount:
$2,355,723
Violation
Offering Fraud
Key Docs
Official SEC press release
0 0

Roger S. Bliss

Defendant operated a multimillion dollar fraudulent investment scheme, telling investors he was a a day trader devoted exclusively to Apple stock, who never had a losing day. He guaranteed returns in excess of 100% and also falsely claimed to manage over $300 million. In reality, he lost money day trading and used investor funds for personal expenses and Ponzi payments.

Defendants:
Roger S. Bliss
Sanction Amount:
$13,880,909
Violation
Offering Fraud
Key Docs
Official SEC press release
32.8889 -96.965

Charles O. Couch, Couch Oil & Gas Inc.

Settlement of oil and gas scheme. Complaint alleged that defendants sold working interests in wells pursuant to offering materials with unsubstanitated, inflated projections. Further, defendants allegedly did not transfer the working interests and retained them in their own name, and commingled and used investor funds in undisclosed ways/contrary to representations.

Defendants:
Couch Oil & Gas Inc.
Charles O. Couch
Sanction Amount:
$7,671,814
Violation
Offering Fraud
Key Docs
Official SEC press release
39.7908 -75.5457

Andrew K. Proctor, Atlas JG, LLC

Settlement of allegations that defendants raised more than $22 million from at least 200 overseas investors through a fraudulent offering of purported bonds promising annual returns of 8-9%. Allegedly, less than 10% of investor funds were used to buy homebuilding subcontractor receivalbles as promised, with fundraising continuing for years after the last receivables purchase took place.

Defendants:
Atlas JG, LLC
Andrew K. Proctor
Sanction Amount:
$17,899,203
Violation
Offering Fraud
Key Docs
Official SEC press release
0 0

Malcolm Segal

Ponzi scheme: former stockbroker fraudulently sold certificates of deposit to customers upon false claims that he could provide higher rates than available to the general public. CDs were redeemed early in secret or not purchased at all, and investor money was used on personal expenses and Ponzi payments. Direct theft from customer accounts toward the end of the scheme.

Defendants:
Malcolm Segal
Sanction Amount:
$3,277,307
Violation
Offering Fraud
Key Docs
Official SEC press release
0 0

Cheongwha "Heywood" Chang, Toni Tong Chen, HTC Consulting LLC, Arcadia Business Consulting, Inc.

Settlement with pyramid scheme promoters and associated relief defendants. Top of pyramid was Hong Kong company CKB168 Holdings Ltd., a purported internet-based child educaton venture offering exponential, risk-free returns. Scheme raised tens of millions of dollars, ensnaring nuerous investors in multiple countries

Defendants:
HTC Consulting LLC, Arcadia Business Consulting, Inc.
Cheongwha "Heywood" Chang, Toni Tong Chen
Sanction Amount:
$2,101,950
Violation
Offering Fraud
Key Docs
Official SEC press release
0 0

Tyson D. Williams, Stanley D. Parrish

Settlement of allegations that defendants raised over $7 million from approximately 50 investors through the fraudulent and unregistered sale of securities in ST Ventures, LLC, a Utah limitied liability company. Investors were falsely pitched a leveraged CMO strategy. Risks were misrepresented, and investor funds misappropriated for personal expenses and Ponzi payments.

Defendants:
Tyson D. Williams, Stanley D. Parrish
Sanction Amount:
$4,309,263
Violation
Offering Fraud
Key Docs
Official SEC press release
37.5475 -121.973

Luca International Group, LLC, Luca Resources Group, LLC, Luca Energy Fund, LLC, Luca Operation, LLC, Luca Barnett Shale Joint Venture, Luca To-Kalon Energy, LLC, Luca Oil, LLC, Luca I, Limited Partnership, Luca Oil II Joint Venture

Fraudulent scheme that targeted the Chinese American community and EB-5 investors in Asia in unregistered offerings of securities, representing purported interests in oil and gas drilling operations. Misrepresentations about sky-high, risk-free returns and the fincial health and performance by the drilling operations. Investor funds commingled and used for Ponzi paments.

Defendants:
Luca International Group, LLC, Luca Resources Group, LLC, Luca Energy Fund, LLC, Luca Operation, LLC, Luca Barnett Shale Joint Venture, Luca To-Kalon Energy, LLC, Luca Oil, LLC, Luca I, Limited Partnership, Luca Oil II Joint Venture
Sanction Amount:
$68,300,000
Violation
Offering Fraud
Key Docs
Official SEC press release
0 0

Michael Andre Jones

Settlement of allegations that party promoter conducted fraudulent offering of unregistered securities, selling more than $700,000 worth of convertible promissory notes of his company Green Bash LLC to twenty investors in twelve states. Company apparently never had any revenue from operations, and defendant used proceeds from note sales for living expenses.

Defendants:
Michael Andre Jones
Sanction Amount:
$1,496,963
Violation
Offering Fraud
Key Docs
Official SEC press release
26.8375 -80.1048

Secured Income Reserve, Inc., Ilona A. Mandelbaum, David A. Zimmerman, Matthew H. Sage, Tamda Marketing, Inc.

Settlement of allegations supporiting numerous violations, the gist of which was that individual defendants made material misstatements and omissions in the PPM for their purpoted investment vehicle Secured Income Reserve, Inc., which never had any business operations other than raising investor funds (to the tune of $1.45 million), which were misused in various ways.

Defendants:
Secured Income Reserve, Inc., Tamda Marketing, Inc.
Ilona A. Mandelbaum, David A. Zimmerman, Matthew H. Sage
Sanction Amount:
$3,191,457
Violation
Offering Fraud
Key Docs
Official SEC press release
0 0

Sergio Henrique Tanaka, Carlos Luis da Silveira Barbosa, Claudio de Oliveira Pereira Campos, Viviane Amaral Rodrigues, Wesley Brandao Rodrigues

Another settlement in the Tropikgadget FZE pyramid scheme case, this one with three company officers and two promoters.

Defendants:
Sergio Henrique Tanaka, Carlos Luis da Silveira Barbosa, Claudio de Oliveira Pereira Campos, Viviane Amaral Rodrigues, Wesley Brandao Rodrigues
Sanction Amount:
$3,019,567
Violation
Offering Fraud
Key Docs
Official SEC press release
40.7633 -73.9701

North Hills Management, LLC, Mark Evan Bloom

Fund-of-funds raised approximately $30 million from 40 to 50 investors between 2001 and 2007, and advisor misappropriated more than $13.2 million of investor funds to furnish a lavish lifestyle and invested remaining funds in a single fund from which he received undisclosed commissions, and which was itself a fraud.

Defendants:
North Hills Management, LLC
Mark Evan Bloom
Sanction Amount:
$30,563,790
Violation
Offering Fraud
Key Docs
Official SEC press release
33.0426 -97.0085

Aegis Oil, LLC, Patrick Reagan Beason

Settlement with Texas oil company and CEO who allegedly raised $35 million in unregistered offerings from approximately 250 investors nationwide, aided by written and oral misrepresentations and omissions concerning the use of investor proceeds, business projections, and the CEO

Defendants:
Aegis Oil, LLC
Patrick Reagan Beason
Sanction Amount:
$43,684,036
Violation
Offering Fraud
Key Docs
Official SEC press release
0 0

Paul R. Downey, Jeffrey P. Downey, John M. Leonard

Sanction against orchestrators of fraudulent oil-and-gas investment scheme. Defendants sold nearly $5 million of fund interests to 17 investors but, among other issues, they omitted mention of a receivership involving entities with which they and the fund's general operating partner (which they owned/controlled) were involved, and the appurtenant significant risk to the fund.

Defendants:
Paul R. Downey, Jeffrey P. Downey, John M. Leonard
Sanction Amount:
$7,207,385
Violation
Offering Fraud
Key Docs
Official SEC press release
32.9415 -97.1415

Southlake Resources Group, LLC, Cody M. Winters, Nicholas R. Hamilton

Settlement with Texas company and its President and Vice President for alleged oil and gas fraud raising approximately $5.2 million in sales of interests in 12 joint ventures to more than 70 investors over approximately four years. Offering documents allegedly misrepresented the use of investment proceeds, contained unsubstantiated projections, and overstated expected costs. Other alleged fraudulent conduct included undisclosed profit taking and discounts to certain investors.

Defendants:
Southlake Resources Group, LLC
Cody M. Winters, Nicholas R. Hamilton
Sanction Amount:
$5,891,412
Violation
Offering Fraud
Key Docs
Official SEC press release
0 0

Jason Adam Ogden

Settlement with CEO of a pair of yogurt smoothie franchises who created an entiy named AJN Investments LLC and thereby allegedly conducted a fraudulent offering that was supposed to carry EB-5 immigration prospects, but was instead changed midstream without notice or update of the offering materials, and funds were siphoned for personal use.

Defendants:
Jason Adam Ogden
Sanction Amount:
$1,209,705
Violation
Offering Fraud
Key Docs
Official SEC press release
0 0

Waldyr Da Silva Prado Neto

Default judgment, the vast majority of this sanction is a penalty. Levied against a Brazilian formerly employed by Wells Fargo Advisors, LLC in Miami. Claim based on $175,000 insider trading profits in advance of the 2010 acquisition of Burger King, following a tip from a customer who was an investor in the acquiror. He also shared the tip.

Defendants:
Waldyr Da Silva Prado Neto
Sanction Amount:
$5,634,232
Violation
Trading and Pricing
Key Docs
Official SEC press release
0 0

Marek Leszczynski, Benjamin Chouchane, Henry Condron

Brokers who worked at cash desk of NY broker-dealer illegally overcharged customers in tens of thousands of trades over a four year span, for a total of $18.7 million. They used hidden markups and markdowns during periods of market volatility and secretly kept portions of profitable customer trades.

Defendants:
Marek Leszczynski, Benjamin Chouchane, Henry Condron
Sanction Amount:
$4,157,252
Violation
Trading and Pricing
Key Docs
Official SEC press release
40.7088 -74.008

Henry Morris, David Loglisci, Julio Ramirez, Nosemote LLC, Pantigo Emerging LLC, Tuscany Enterprises LLC, W Investment Strategies LLC

Partial settlement of larger litigation regarding "pay-to-play" scheme involving New York State's Comon Retirement Fund. Finder fees and other payments and benefits were extracted from investment management firms seeking to do business with the Fund. Defendants include individuals who formerly had roles in State government. Money sanction is applicable to only two of the seven defendants who settled here, partly in view of criminal sentences that included forfeiture.

Defendants:
Nosemote LLC, Pantigo Emerging LLC, Tuscany Enterprises LLC, W Investment Strategies LLC
Henry Morris, David Loglisci, Julio Ramirez
Sanction Amount:
$3,404,772
Violation
Trading and Pricing
Key Docs
Official SEC press release
45.54 -122.638

John Kinnucan, Broadband Research Corporation

Sanction on summary judgment against an incarcerated investment consultant and his firm for insider trading violations. The consultant purported to provide legitimate research and analysis services regarding technology companies/issuers, but routinely tipped clients with material nonpublic information he obtained from insider sources that he wined, dined and befriended to gain access. F5 Networks Inc. identified as a victim.

Defendants:
Broadband Research Corporation
John Kinnucan
Sanction Amount:
$13,067,067
Violation
Trading and Pricing
Key Docs
Official SEC press release
0 0

Michael Terpins, Rodrigo Terpins

Settlement with two brothers in Brazil allegedly behind insider trading in call options in H.J. Heinz Company the day before annoucement of an acquisition. The trading was conducted using a Cayman Islands entity called Alpine Swift Ltd. Approximately $1.8 million in profits.

Defendants:
Michael Terpins, Rodrigo Terpins
Sanction Amount:
$4,809,857
Violation
Trading and Pricing
Key Docs
Official SEC press release
0 0

Herbert Richard Lawson, William B. Lawson, John J. Cerullo

Settlement of insider trading claims against two brothers and a family friend, founders of St. Paul, Minnesota software company Lawson Software. They were allegedly aware of incorrect media and analyst reports about the company's acquisition and took unfair advantage, including by selling shares to avoid losses, and tipping another trader to do the same.

Defendants:
Herbert Richard Lawson, William B. Lawson, John J. Cerullo
Sanction Amount:
$5,799,773
Violation
Trading and Pricing
Key Docs
Official SEC press release
41.8077 -88.0685

Charles J. Dushek, Charles S. Dushek, Capital Management Associates, Inc.

Investment advisory firm and its principals allegedly defrauded clients of nearly $2 million by conducting a "cherry picking" scheme in which they placed trades without designating in advance whether they were proprietary or for clients, delaying allocation in order to take winners for themselves.

Defendants:
Capital Management Associates, Inc.
Charles J. Dushek, Charles S. Dushek
Sanction Amount:
$2,602,736
Violation
Trading and Pricing
Key Docs
Official SEC press release
0 0

Michael Pendolino, Lawrence D. Grum, Michael L. Castelli

Insider trading scheme spanning five years and involving illegal tipping by insiders at three public companies: Celgene Corp. (Celgene), Sanofi-Aventis Corporation (Sanofi); and (3) Stryker Corp. (Stryker), and at least eleven material events, including mergers, a drug approval application, and quarterly earnings information. Defendant here were direct tippees, who also shared those tips with others.

Defendants:
Michael Pendolino, Lawrence D. Grum, Michael L. Castelli
Sanction Amount:
$1,623,830
Violation
Trading and Pricing
Key Docs
Official SEC press release
0 0

Cedric Ca

Settlement of insider trading charges against Spanish citizen and former high-ranking official at Madrid-based Banco Santander, S.A., where he allegedly learned of its client, BHP Billiton's, proposed acquisition of Potash Corporation, and took advantage by purchasing Potash contracts-for-difference in the days leading up to the public announcement. He also allegedly tipped a friend who also traded, and the two profited $960,806.

Defendants:
Cedric Ca
Sanction Amount:
$1,813,612
Violation
Trading and Pricing
Key Docs
Official SEC press release
0 0

Magdalena Tavella, Andres Horacio Ficicchia, Gonzalo Garcia Blaya, Lucia Mariana Hernando, Cecilia De Lorenzo, Adriana Rosa Bagattin, Daniela Patricia Goldman, Mariano Pablo Ferrari

Default judgment against remaining defendants in case alleging unlawful distribution of Biozoom (penny) stock without an effective registration statement for their sales. The other defendants appeared and were not assessed monetary penalties. Defendants claimed to have acquired their shares from shareholders of a predecessor entity and provided purchase documents, but these were apparently fabricated because the purported sellers no longer owned shares at the relevant time.

Defendants:
Magdalena Tavella, Andres Horacio Ficicchia, Gonzalo Garcia Blaya, Lucia Mariana Hernando, Cecilia De Lorenzo, Adriana Rosa Bagattin, Daniela Patricia Goldman, Mariano Pablo Ferrari
Sanction Amount:
$34,616,801
Violation
Trading and Pricing
Key Docs
Official SEC press release
0 0

John Gray, Christian Keller, Kyle Martin, Aaron Shepard

Settlement with stock research analyst, a corporate insider and two friends for alleged insider trading in California-based scheme. The insider worked for Applied Materials Inc. and later for Rovi Corporation and allegedly tipped the analyst about acquisitions and negative news announcements, who traded using one of the friend's brokerage accounts as a cover. The analyst also allegedly shared tips with the other friend, who also traded.

Defendants:
John Gray, Christian Keller, Kyle Martin, Aaron Shepard
Sanction Amount:
$1,667,373
Violation
Trading and Pricing
Key Docs
Official SEC press release
29.9343 -90.0769

Unico, Inc., Mark A. Lopez, Steven R. Peacock, Shane H. Traveller, Mark Allen Lefkowitz

Settlement with penny stock company, its former CEO and three penny stock financiers (partial settlement only as to one financier, of liability) for their alleged role in illegal unregistered distributions of billions of shares. Case also involved allegations of false and misleading disclosures filed with the Commission, and failure to report greater than 5% beneficial ownership.

Defendants:
Unico, Inc.
Mark A. Lopez, Steven R. Peacock, Shane H. Traveller, Mark Allen Lefkowitz
Sanction Amount:
$12,850,317
Violation
Trading and Pricing
Key Docs
Official SEC press release
0 0

Frank Perkins Hixon, Jr., Frank P. Hixon, Sr., Destiny Robinson

Insider trading by former Senior Managing Director with investment banking firm Evercore. He traded in his father's and girlfriend's accounts, who were involved this case as relief defendants. He traded while in possession of material nonpublic information about a client, a potential client, and his own firm.

Defendants:
Frank Perkins Hixon, Jr., Frank P. Hixon, Sr., Destiny Robinson
Sanction Amount:
$1,640,419
Violation
Trading and Pricing
Key Docs
Official SEC press release
0 0

Andrew L. Evans

Canadian trader through his firm allegedly violated Rule 105 of federal securities laws, which prohibits short selling an equity security during a restricted period in advance of a public offering and then purchasing the security in the offering. The trader allegedly profited $582,175 through a number of these low-to-no risk illegal trading maneuvers with U.S. stocks.

Defendants:
Andrew L. Evans
Sanction Amount:
$1,009,988
Violation
Market Manipulation
Key Docs
Official SEC press release
25.7903 -80.1323

Charles Raymond Langston III, CRL Management, LLC, Guarantee Reinsurance, Ltd.

Settlement for alleged violations of Rule 105 of federal securities laws, which prohibits short selling an equity security during a restricted period in advance of a public offering and then purchasing the security in the offering. The Commission alleged that the individual defendant, through his two companies, made short sales in advance of secondary offerings by Wells Fargo, Mitsubishi UFJ Financial Group, and Alcoa, and purchased shares in the offerings.

Defendants:
CRL Management, LLC, Guarantee Reinsurance, Ltd.
Charles Raymond Langston III
Sanction Amount:
$1,563,901
Violation
Market Manipulation
Key Docs
Official SEC press release
0 0

Frank Tamayo

Settlement of insider trading charge against a "middleman" who had a cooperation ageement. Sanction represents disgorgement only (this defendant's portion of a total of $5.6 million illicit profits realized). The defendant passed nonpublic information about acquisitions from his friend - a clerk at a big law firm - to his stockbroker in meetings at Grand Central Terminal. Info was conveyed by on post-it notes or napkins that defendant subsequently chewed up and ate.

Defendants:
Frank Tamayo
Sanction Amount:
$1,056,969
Violation
Trading and Pricing
Key Docs
Official SEC press release
0 0

Jaspen Capital Partners Limited, Andriy Supranonok

Settlement with two of numerous defendants in case involving trading ahead of hacked news releases stolen from newswire services. Sanction comprised entirely of disgorgement. Majority of profits made from buying and selling contracts-for-differences.

Defendants:
Jaspen Capital Partners Limited
Andriy Supranonok
Sanction Amount:
$30,000,000
Violation
Trading and Pricing
Key Docs
Official SEC press release
0 0

Vladimir Eydelman

Settlement with stockbroker for his role in insider trading scheme garnering $5.6 million in illicit profits. In meetings at Grand Central Terminal, a middleman passed him nonpublic information about acquisitions originating from a clerk at a big law firm on post-it notes or napkins that the middleman then chewed up and ate. The stockbroker subsequently traded on the information for the benefit of himself, his cohorts, and others.

Defendants:
Vladimir Eydelman
Sanction Amount:
$2,473,314
Violation
Trading and Pricing
Key Docs
Official SEC press release
0 0

Bonan Huang

Settlement of charge for insider trading against one of two former data analysts for Capital One whose role was to investigate fraudulent credit card activity. Defendants allegedly used the employer's nonpublic database of activity for millions of customers and, aided by keyword searches, were able to view and analyze aggregated sales data and accurately predict the results of quarterly sales annoucements by public companies.

Defendants:
Bonan Huang
Sanction Amount:
$4,700,000
Violation
Trading and Pricing
Key Docs
Official SEC press release
50.4376 30.5273

Concorde Bermuda Ltd.

Settlement with one of numerous defendants in case involving trading ahead of hacked news releases stolen from newswire services. Sanction comprised entirely of disgorgement.

Defendants:
Concorde Bermuda Ltd.
Sanction Amount:
$4,200,000
Violation
Trading and Pricing
Key Docs
Official SEC press release
0 0

Nan Huang

Sanction following jury verdict on insider trading against one of two former data analysts for Capital One whose role was to investigate fraudulent credit card activity. Defendants allegedly used the employer's nonpublic database of activity for millions of customers and, aided by keyword searches, were able to view and analyze aggregated sales data and accurately predict the results of quarterly sales annoucements by public companies.

Defendants:
Sanction Amount:
$13,500,000
Violation
Trading and Pricing
Key Docs
Official SEC press release
55.7471 37.6296

David Amaryan, Copperstone Alpha Fund, Copperstone Capital, Intertrade Pacific SA, Ocean Prime Inc., Guibor S.A., Omega 26 Investments Ltd.

Settlement with seven of numerous defendants in case involving trading ahead of hacked news releases stolen from newswire services. Sanction comprised entirely of disgorgement.

Defendants:
Copperstone Alpha Fund, Copperstone Capital, Intertrade Pacific SA, Ocean Prime Inc., Guibor S.A., Omega 26 Investments Ltd.
David Amaryan
Sanction Amount:
$17,920,000
Violation
Trading and Pricing
Key Docs
Official SEC press release
0 0

Cedric Cañas Maillard

Default judgment for insider trading against Spanish citizen and former high-ranking official at Madrid-based Banco Santander, S.A. Through his job, defendant learned of BHP Billiton's proposed acquisition of Potash Corporation, and he coordinated with a friend to purchase Potash call options directly before an announcment, and sold immediately thereafter for $278,156.97 in illicit profits.

Defendants:
Cedric Cañas Maillard
Sanction Amount:
$1,169,172
Violation
Trading and Pricing
Key Docs
Official SEC press release
0 0

Saleem Khan, Roshangal Chaganlal

Settlement of insider trading charges against alleged tippee and the insider tipper, who was an employee at Ross Stores. Tipper allegedly used the confidential information to illegally trade ahead of the company's public releases of sales results on more than 40 occasions between August 2009 and December 2012, and also allegedly tipped two work colleagues on numerous occasions, collectively amassing millions of dollars in illegal profits.

Defendants:
Saleem Khan, Roshangal Chaganlal
Sanction Amount:
$15,833,147
Violation
Trading and Pricing
Key Docs
Official SEC press release
0 0

Alexander Fedoseev, Roman Lavlinskiy

Settlement with two of numerous defendants in case involving trading ahead of hacked news releases stolen from newswire services. Sanction comprised entirely of disgorgement.

Defendants:
Alexander Fedoseev, Roman Lavlinskiy
Sanction Amount:
$1,222,694
Violation
Trading and Pricing
Key Docs
Official SEC press release
40.9074 -81.4231

Diebold, Inc.

Settlement for FCPA violations in lavishing international leisure trips, entertainment, and other improper gifts on foreign officials to obtain and retain lucrative business with government owned banks in China and Indonesia, and for paying other bribes in connection with the sale of ATMs to private banks in Russia.

Defendants:
Diebold, Inc.
Sanction Amount:
$22,972,942
Violation
Foreign Corrupt Practices Act
Key Docs
Official SEC press release
29.7532 -95.4527

Weatherford International Ltd.

Settlement for FCPA violations in authorizing bribes and improper travel and entertainment for foreign officials in the Middle East and Africa to win business, including kickbacks in Iraq to obtain United Nations Oil-for-Food contracts. This conduct allegedly went on for close to ten years, involved falsification of books and records, and led to more than $59.3 million in profits. Internal controls were deemed ineffective.

Defendants:
Weatherford International Ltd.
Sanction Amount:
$97,259,267
Violation
Foreign Corrupt Practices Act
Key Docs
Official SEC press release
41.8864 -87.6307

Archer-Daniels-Midland Company

Settlement for failing to prevent illicit payments made by foreign subsidiaries to Ukrainian government officials in violation of the FCPA. The subsidiaries, in Germany and Ukraine, were found to have paid $21 million in bribes through intermediaries to secure the release of VAT refunds, which were concealed by improperly recording the transactions in accounting records. Approximately $33 million in illegal profits.

Defendants:
Archer-Daniels-Midland Company
Sanction Amount:
$36,467,366
Violation
Foreign Corrupt Practices Act
Key Docs
Official SEC press release
0 0

Andres Truppel, Ulrich Bock, Stephan Signer

Settlement with a former executive of Siemens Aktiengesellschaft and default judgments against two others, for involvement in alleged long-running bribery scheme at Siemens and its regional company in Argentina, to retain a billion dollar contract to produce national identity cards for Argentine citizens. Bribed officials allegedly included two Argentine presidents.

Defendants:
Andres Truppel, Ulrich Bock, Stephan Signer
Sanction Amount:
$1,541,957
Violation
Foreign Corrupt Practices Act
Key Docs
Official SEC press release
40.7547 -73.9711

Avon Products, Inc.

Settlement of charge that company failed to put controls in place that could have detected and prevented unlawful payments made to the Chinese government through a subsidiary. A total of $8 million in cash, gifts, travel, and entertainment was paid for special access with regard to new direct selling regulations in China, and to be the first to receive a direct selling license, and, subsequently, to keep it.

Defendants:
Avon Products, Inc.
Sanction Amount:
$67,365,013
Violation
Foreign Corrupt Practices Act
Key Docs
Official SEC press release
35.6832 139.766

Hitachi Ltd.

Settlement of allegations that Hitachi sold a 25-percent stake in a South African subsidiary to a company serving as a front for the African National Congress (ANC), permitting the ANC to share in profits from power station contracts that it awarded. Hitachi was ultimately awarded two such contracts and paid the ANC's front company approximately $5 million in "dividends" and an additional $1 million in "success fees" that were inaccurately booked.

Defendants:
Hitachi Ltd.
Sanction Amount:
$19,000,000
Violation
Foreign Corrupt Practices Act
Key Docs
Official SEC press release
-23.5715 -46.7032

Braskem, S.A.

Part of a much larger, $957 million global settlement of charges that the petrochemical manufacturer created false books and records to conceal millions of dollars in illicit bribes paid to win or retain business. Braskem allegedly made approximately $325 million by virtue of bribes paid through intermediaries and off-book accounts to a government official at Brazil's state-controlled petroleum company, as well as to Brazilian legislators and political party officials.

Defendants:
Braskem, S.A.
Sanction Amount:
$65,000,000
Violation
Foreign Corrupt Practices Act
Key Docs
Official SEC press release
32.0971 34.8672

Teva Pharmaceutical Industries Limited

Part of a larger settlement of more than $519 million to settle parallel civil and criminal charges of FCPA violations due to paying bribes to government officials in Russia, Ukraine and Mexico. The company allegedly made more than $214 million in illicit profits by virtue of the bribes, which led to increased market share, favorable regulatory and formulary approvals, and favorable drug purchase and prescription decisions.

Defendants:
Teva Pharmaceutical Industries Limited
Sanction Amount:
$236,101,824
Violation
Foreign Corrupt Practices Act
Key Docs
Official SEC press release
0 0

Iuri Rodolfo Bethancourt, Benito Chinea, Tomas Alberto Clarke Bethancourt, Joseph DeMeneses, Jose Alejandro Hurtado, Ernesto Lujan, Haydee Leticia Pabon

Sanction against personnel of broker-dealer Direct Access Partners after DAP's global markets group executed fraudulent trades for Banco de Desarrollo Económico y Social de Venezuela (BANDES) generating more than $66 million in revenue from transaction fees. A portion of this revenue was illicitly paid to the Vice President of Finance at BANDES, who authorized the fraudulent trades.

Defendants:
Iuri Rodolfo Bethancourt, Benito Chinea, Tomas Alberto Clarke Bethancourt, Joseph DeMeneses, Jose Alejandro Hurtado, Ernesto Lujan, Haydee Leticia Pabon
Sanction Amount:
$42,506,171
Violation
Municipal Securities Fraud
Key Docs
Official SEC press release
36.155 -95.9903

BOKF, NA

Indenture trustee and dissemination agent failed to inform municipal bondholders of numerous fraud signals. Offerings were managed by Christopher Brogdon of Atlanta, the debt issued to finance purchases and renovations of senior living facilities. However, Brogdon withdrew and failed to replenish money from reserve funds, and failed to file annual financial statements. Further, nursing home facilities serving as collateral for one of the offerings had been closed for years.

Defendants:
BOKF, NA
Sanction Amount:
$1,667,721
Violation
Municipal Securities Fraud
Key Docs
Official SEC press release
0 0

China MediaExpress Holdings, Inc.

Default judgment in case alleging that defendant materially misrepresented its financial condition and business operations, such that its stock price tripled to more than $20 per share, making the company attractive to investors and allowing it to raise more than $53 million from stock sales.

Defendants:
China MediaExpress Holdings, Inc.
Sanction Amount:
$49,144,082.05
Violation
Financial Fraud
Key Docs
Official SEC press release
0 0

Corey Ribotsky

Settlement of allegations that defendant made false statements during the financial crisis to investors regarding the poor performance and trading strategy of the family of funds he managed. The SEC also alleged that defendant misappropriated client assets and misled investors about the decision to form a Master Fund in the family.

Defendants:
Corey Ribotsky
Sanction Amount:
$14,500,000
Violation
Financial Fraud
Key Docs
Official SEC press release
42.3494 -71.578

Advanced Cell Technology, Inc.

Settlement of charges arising out of issuance of hundreds of millions of unregistered shares of common (penny) stock on thirteen separate occasions, without qualifying for any exemption from registration. Defendant endeavored to mask this activity as supporting debt repayment (which would have qualified for exemption) as opposed to being capital formation, but method involving a sham creditor and side agreements was unavailing.

Defendants:
Advanced Cell Technology, Inc.
Sanction Amount:
$4,086,619
Violation
Offering Fraud
Key Docs
Official SEC press release
37.795 -122.403

Diamond Foods Inc., Michael Mendes

Settlement of charges against Diamond Foods and its former CEO for his role in an alleged accounting scheme to falsify walnut costs in order to boost earnings and meet estimates by stock analysts. This was allegedly accomplished by delaying recognition of payments to walnut growers, leading to a restatement of financial results in November 2012 whereupon the company's stock price slid to $17 per share from a high of $90 in 2011.

Defendants:
Diamond Foods Inc.
Michael Mendes
Sanction Amount:
$5,125,000
Violation
Financial Fraud
Key Docs
Official SEC press release
0 0

Berton M. Hochfeld, Hochfeld Capital Management, L.L.C.

Sanction on consent for misappropriation of funds and material misstatements to Heppelwhite Fund L.P. investors, including providing them with periodic statements that overstated the value of their investments, and failing to disclose that the individual defendant was subject to a 2006 SEC Order barring him from associating with any broker, dealer, or investment adviser.

Defendants:
Hochfeld Capital Management, L.L.C.
Berton M. Hochfeld
Sanction Amount:
$1,785,332
Violation
Financial Fraud
Key Docs
Official SEC press release
0 0

Zheng Cheng

Default judgment against Chairman and CEO of China MediaExpress Holdings, Inc. in case alleging that the entity's financial condition and business operations were materially misrepresented, such that its stock price tripled to more than $20 per share, making the company attractive to investors and allowing it to raise more than $53 million from stock sales.

Defendants:
Zheng Cheng
Sanction Amount:
$17,868,359
Violation
Financial Fraud
Key Docs
Official SEC press release
41.9934 -71.4779

CVS Caremark Corp., Laird Daniels

Settlement of charges that company misled investors by failing to timely disclose financial setbacks and by using improper accounting that artificially boosted its financial performance. In particular, the company allegedly fraudulently omitted lost revenues in bond offering documents, and overstated results for its pharmacy business and its "retention rate." Improper accounting adjustments were allegedly orchestrated by the individual defendant, who settled for $75,000.

Defendants:
CVS Caremark Corp.
Laird Daniels
Sanction Amount:
$20,075,000
Violation
Financial Fraud
Key Docs
Official SEC press release
41.82 -87.93

Patrick G. Rooney, Solaris Management, LLC

Case alleging that investment manager radically changed the investment strategy of a managed fund, contrary to the fund's offering documents and marketing materials, by becoming wholly invested in a financially troubled microcap company, of which the individual defenant was Chairman.

Defendants:
Solaris Management, LLC
Patrick G. Rooney
Sanction Amount:
$1,597,876
Violation
Financial Fraud
Key Docs
Official SEC press release
37.8899 -122.122

Kelly Ng, Walter Ng, Bruce Horowitz, The Mortgage Fund, LLC

Settlement of allegations that defendants defrauded investors in their real estate fund called Mortgage Fund '08 LLC (MF08) by secretly transferring assets of almost $39 million to rescue an older, rapidly collapsing fund called R.E. Loans, LLC. Defendants also allegedly lured investors into the pillaged fund by making false claims about its performance.

Defendants:
The Mortgage Fund, LLC
Kelly Ng, Walter Ng, Bruce Horowitz
Sanction Amount:
$5,205,367
Violation
Financial Fraud
Key Docs
Official SEC press release
0 0

Lee Cole, Linden Boyne

Default judgment against former CEO and CFO of Electronic Game Card Inc., which allegedly was the bait in a fraudulent scheme in which defendants falsely claimed (including by providing falsified documents to the auditor) that the company had millions of dollars in annual revenue, millions of dollars in investments, and an off-shore bank account worth more than $10 million. The value of this near-worthless company's outstanding common stock was inflated to as high as $150 million.

Defendants:
Lee Cole, Linden Boyne
Sanction Amount:
$29,670,751
Violation
Financial Fraud
Key Docs
Official SEC press release
0 0

Nikolai Battoo, BC Capital Group S.A., BC Capital Group Limited

Default judgment against hedge fund manager and two companies he controlled (in Panama and Hong Kong, respectively). Numerous investors defrauded worldwide, with over $400 million raised, including $200 million in the U.S., by false claims of exceptional risk-adjusted returns and concealment of huge losses. At least $49 million misappropriated to fund the manager's flamboyant lifestyle.

Defendants:
BC Capital Group S.A., BC Capital Group Limited
Nikolai Battoo
Sanction Amount:
$358,129,197
Violation
Financial Fraud
Key Docs
Official SEC press release
0 0

Anthony Thompson, Otc Solutions, LLC, Jay Fung, Pudong LLC, Ryan Gonzalez, Recycle Tech, Inc.

Sanction for pump-and-dump scheme involving illegal issuance of unrestricted stock in the microcap company Recycle Tech, a purported home container building company. The scheme was designed to capitalize on circumstances in Haiti after the earthquake in 2010. Individual defendants include the CEO of Recycle Tech and two promoters. Over $1 million netted by the scheme.

Defendants:
Otc Solutions, LLC, Pudong LLC, Recycle Tech, Inc.
Anthony Thompson, Jay Fung, Ryan Gonzalez
Sanction Amount:
$1,100,695
Violation
Market Manipulation
Key Docs
Official SEC press release
0 0

Bill C. Crafton

Settlement with investment advisor to professional athletes who failed to disclose - or falsely disavowed - compensation and kickbacks to the tune of more than $1.5 million that he received for steering clients to certain investments and financial products. He also arranged through forged wire transfer authorizations for two clients to purchase a third (apparently favored) client's pisition in a fund that had been subjected to an asset freeze four days earlier.

Defendants:
Bill C. Crafton
Sanction Amount:
$1,698,911
Violation
Financial Fraud
Key Docs
Official SEC press release
42.3191 -71.2351

F-Squared Investments

Settlement with marketer of ETF index products for falsely advertising its "Alphasector" products as performing successfully for years, using data that was derived from backtesting and thus not supportive of these claims. These false descriptions were also included in filings with the SEC.

Defendants:
F-Squared Investments
Sanction Amount:
$35,000,000
Violation
Financial Fraud
Key Docs
Official SEC press release
0 0

Robert L. Kelly

False and misleading statements and omissions to investors in Wwebnet, Inc., a video software company, including about its revenue generation and about the existence of a related-party transaction, which enabled defendant, its CEO, to funnel at least $2.1 million of investor funds to himself/his personal options trading account in the Cayman Islands.

Defendants:
Robert L. Kelly
Sanction Amount:
$2,111,660
Violation
Financial Fraud
Key Docs
Official SEC press release
0 0

Troy Lyndon, Ronald Zaucha

Sanction against CEO/founder of religious-themed video game manufacturer Left Behind Games, Inc. and his friend for scheme to prop up the company's revenue through sham, circular transactions with nearly 2 billion shares of newly issued (penny) stock. The company's revenue was inflated by nearly 1,300 percent in the one-year period ended March 31, 2011.

Defendants:
Troy Lyndon, Ronald Zaucha
Sanction Amount:
$6,200,000
Violation
Financial Fraud
Key Docs
Official SEC press release
36.1814 -115.312

Edwin Yoshihiro Fujinaga, MRI International, Inc.

Sanction for massive Ponzi scheme in which defendants raised money from thousands of investors living primarily in Japan under the ruse that their funds were being used to buy accounts receivable from medical providers at a discount, with subsequently collection of the full value of those receivables from insurance companies. Instead, the money was used for other purposes, including financing the individual defendant's extravagant lifestyle.

Defendants:
MRI International, Inc.
Edwin Yoshihiro Fujinaga
Sanction Amount:
$584,359,364
Violation
Offering Fraud
Key Docs
Official SEC press release
42.7375 -73.8443

Stratocomm Corporation, Roger D. Shearer, Craig Danzig

Case against penny stock company, and its CEO and former Director of Investor Relations, who portrayed the company as actively engaged in the manufacture and sale of telecommunications systems for use in underdeveloped countries while, in reality, it had no product and no revenue. The SEC argued that defendants sold investors more than $4 million worth of stock, in unregistered transactions.

Defendants:
Stratocomm Corporation
Roger D. Shearer, Craig Danzig
Sanction Amount:
$5,143,710
Violation
Financial Fraud
Key Docs
Official SEC press release
0 0

Charles R. Kokesh

Investment advisor used two RIA firms he controlled, which in turn controlled four business-development companies with approximately 21,000 investors in them, to misappropriate investor funds by causing the BDCs to pay illegal distributions, performance fees, bonuses, and expense reimbursements. Attempted concealment of the scheme by directing the investment advisers to distribute misleading proxy statements to investors, and having the BDCs file false reports with the Commission.

Defendants:
Charles R. Kokesh
Sanction Amount:
$55,359,025
Violation
Financial Fraud
Key Docs
Official SEC press release
33.3184 -85.8878

Charles H. Merchant, Southern USA Resources, Inc.

Materially false reports filed with the Commission misrepresenting the value of gold mining company's land. Also, the individual defendant (the company's CEO) was found to have filed certifications containing false statements about the company's internal controls and his understanding of those controls. The company was also delinquent with respect to filings and failed to disclose material changes.

Defendants:
Southern USA Resources, Inc.
Charles H. Merchant
Sanction Amount:
$1,025,000
Violation
Financial Fraud
Key Docs
Official SEC press release
40.7588 -73.9808

Wwebnet, Inc.

False and misleading statements and omissions about defendant video software company to investors, including about its revenue generation and about the existence of a related-party transaction. Scheme enabled CEO to funnel at least $2.1 million of investor funds to himself/his personal options trading account in the Cayman Islands.

Defendants:
Wwebnet, Inc.
Sanction Amount:
$15,459,127
Violation
Financial Fraud
Key Docs
Official SEC press release
0 0

Gregory Geswein, Kevin Krakora, Sandra Miller

Defendants include former executives of Diebold, Inc., including two CFOs and a Director of Corporate Accounting. Sanction settles charges that they engaged in improper accounting practices, including, among other things, the improper use of "bill-and-hold" accounting, to inflate the company's earnings to meet forecasts.

Defendants:
Gregory Geswein, Kevin Krakora, Sandra Miller
Sanction Amount:
$1,379,057
Violation
Financial Fraud
Key Docs
Official SEC press release
42.3564 -71.0693

Sage Advisory Group, LLC, Benjamin Lee Grant

Sanction resolving two cases against a former RIA and its principal. In the first, the individual fraudulently led his brokerage customers to transfer their assets to the defendant RIA with various pressure tactics, and with the misleading representation that they would benefit from a "wrap fee" program which actually benefitted the RIA. In the second case, the RIA employed the individual defendant's father who'd been barred from the industry, and did not disclose it.

Defendants:
Sage Advisory Group, LLC
Benjamin Lee Grant
Sanction Amount:
$1,051,038
Violation
Financial Fraud
Key Docs
Official SEC press release
47.6077 -122.335

Mark F. Spangler, The Spangler Group, Inc.

Former investment advisor and his advisory firm charged with defrauding investment clients by secretly investing their money in two risky start-up companies that defendant co-founded. Approximately $47.7 million of client money was allegedly funnelled into these private ventures, which were inconsistent with promised investment strategies and investors' objectives. The diversion was concealed for years.

Defendants:
The Spangler Group, Inc.
Mark F. Spangler
Sanction Amount:
$4,078,595
Violation
Financial Fraud
Key Docs
Official SEC press release
0 0

Ming Zhao, Liping Zhu

Default judgment against former Chairman and CEO of Puda Coal, Inc. for a massive fraud perpetrated on its public shareholders, by effectively stealing and selling its operating subsidiary. The company at one time held an indirect 90% ownership stake in Shanxi Puda Coal Group Co., Ltd. but Zhao, with Zhu's knowledge and complicity, transferred the entire stake to himself without shareholder or Board approval . This and related transfers were not disclosed in filings or in materials for two offerings raising $116 million.

Defendants:
Ming Zhao, Liping Zhu
Sanction Amount:
$250,945,460
Violation
Financial Fraud
Key Docs
Official SEC press release
47.6133 -122.198

Chris Yoo, Summit Asset Strategies Investment Management, Summit Asset Strategies Wealth Management

Settlement of fraud charges against investment advisor and his two firms arising from alleged excessive withdrawal of fees based on inflated investment values, as well as a failure to disclose significant referral fees.

Defendants:
Summit Asset Strategies Investment Management, Summit Asset Strategies Wealth Management
Chris Yoo
Sanction Amount:
$1,332,274
Violation
Financial Fraud
Key Docs
Official SEC press release
40.7631 -73.9834

Bankrate Inc., Hyunjin Lerner

Settlement of allegations that the revenues of defendant company were fabricated and booking certain expenses avoided in order to meet analyst estimates for the key financial metrics of adjusted earnings per share and adjusted EBITDA. Second quarter 2012 net income was overstated. Individual was the vice president of finance and allegedly complicit; his portion of this sanction was $180,045.

Defendants:
Bankrate Inc.
Hyunjin Lerner
Sanction Amount:
$15,180,045
Violation
Financial Fraud
Key Docs
Official SEC press release
35.8804 -106.297

Trinity Capital Corporation, Los Alamos National Bank, William Enloe, Daniel Bartholomew, Karl Hjelvik

Settlement of accounting fraud charges against company and its wholly-owned bank subsidiary, and several executives. The case involved alleged the case that involves fraudulent manipulation of the company’s financial results and failure to implement sufficient internal accounting controls over loan accounting, motivated partly by the bank’s desire to be released from a formal supervisory agreement with its regulator.

Defendants:
Trinity Capital Corporation, Los Alamos National Bank
William Enloe, Daniel Bartholomew, Karl Hjelvik
Sanction Amount:
$1,750,000
Violation
Financial Fraud
Key Docs
Official SEC press release
0 0

David A. Bryson, Bart C. Gutekunst, Richard Pereira

Former owners and CFO of New Stream Capital, LLC, the hub of a $750-plus million hedge fund complex focused on illiquid investments in asset-based lending, engaged in a fraudulent scheme beginning in 2008 to make changes to the funds’ capital structure without disclosing those changes to new investors in the funds, who became subordinated. This apparently appeased an old investor and avoided a redemption. The funds ultimately collapsed and new investors were left with significantly lower recoveries.

Defendants:
David A. Bryson, Bart C. Gutekunst, Richard Pereira
Sanction Amount:
$13,060,170
Violation
Financial Fraud
Key Docs
Official SEC press release
34.0696 -117.651

First Mortgage Corporation, Clement Ziroli Sr., Clement Ziroli Jr., Pac W. Dong, Ronald T. Vargas, Scott Lehrer, Edward Joseph Sanders

Settlement of charges against a California-based mortgage company and its six most senior executives, that they orchestrated a scheme to defraud investors in the sale of government-guaranteed RMBS. Allegedly, they repurchased loans from pools at prices applicable to delinquent loans that they themselves rendered technically delinquent, then resold them as current for an immediate, nearly risk-free profit. Meanwhile, investors were wrongly deprived of the interest payments on the repurchased loans.

Defendants:
First Mortgage Corporation
Clement Ziroli Sr., Clement Ziroli Jr., Pac W. Dong, Ronald T. Vargas, Scott Lehrer, Edward Joseph Sanders
Sanction Amount:
$12,700,000
Violation
Financial Fraud
Key Docs
Official SEC press release
42.3553 -71.0531

Lee D. Weiss, Family Endowment Partners LP, MIP Global Inc., Mosaic Enterprises Inc., Mosaic Investment Partners Inc., Weiss Capital Real Estate Group LLC

Consent judgement in resolving allegations that individual defendant, through his firm, Family Endowment Partners LP, perpetrated multiple fraudulent schemes, and engaged in a pattern of self-dealing and failing to disclose material facts to clients regarding conflicts of interest, use of investor funds, and the risks of the investments they recommended.

Defendants:
Family Endowment Partners LP, MIP Global Inc., Mosaic Enterprises Inc., Mosaic Investment Partners Inc., Weiss Capital Real Estate Group LLC
Lee D. Weiss
Sanction Amount:
$10,063,464
Violation
Financial Fraud
Key Docs
Official SEC press release
34.0176 -118.494

Manuel E. Jesus, Wealthpire Inc.

Settlement of fraud allegations against self-proclaimed "stock trading whiz kid" and his stock newsletter company. Subscribers were misled with gratuitous and false representations about defendant's expertise and results, who was not trading the stocks he claimed he was and even used someone to impersonate himself on a chatboard.

Defendants:
Wealthpire Inc.
Manuel E. Jesus
Sanction Amount:
$1,483,047
Violation
Financial Fraud
Key Docs
Official SEC press release
0 0

Daniel Thibeault

Defendant was investment advisor to a fund called the GL Beyond Income Fund and misappropriated at least $15 million. The GL Beyond Income Fund's assets consisted primarily of individual variable rate consumer loans, with investors told that their money would be pooled and used to make or purchase consumer loans. However, in 2013 or earlier, defendant began creating and reporting fictitious loans to conceal the misappropriation.

Defendants:
Daniel Thibeault
Sanction Amount:
$15,400,403
Violation
Financial Fraud
Key Docs
Official SEC press release
40.7355 -74.168

Lime Energy Co., Joaquin Alberto Dos Santos Almeida, Karan Raina, Julianne M. Chandler, James G. Smith

Settlement with energy services provider and four executives for their alleged roles in an accounting fraud in which the company recognized revenue earlier than allowed in order to meet internal targets. $20 million in revenue improperly recognized from at least 2010 to 2012.

Defendants:
Lime Energy Co.
Joaquin Alberto Dos Santos Almeida, Karan Raina, Julianne M. Chandler, James G. Smith
Sanction Amount:
$1,125,000
Violation
Financial Fraud
Key Docs
Official SEC press release
42.35 -71.0572

Interinvest Corporation, Hans Peter Black

Default judgment against investment advisory firm and its owner for funnelling more than $17 million in client assets into four financially troubled Canadian penny stock companies in which the owner had undisclosed business and financial interests. As much as $12 million of the $17 million was lost.

Defendants:
Interinvest Corporation
Hans Peter Black
Sanction Amount:
$7,400,000
Violation
Financial Fraud
Key Docs
Official SEC press release
40.7615 -73.9713

Philip A. Falcone, Harbinger Capital Partners Offshore Manager, L.L.C., Harbinger Capital Partners Special Situations Gp, L.L.C., Harbinger Capital Partners LLC

Individual defendant through advisory firm and related entities improperly used $113 million in fund assets to pay his personal taxes, secretly favored certain customer redemption requests at the expense of other investors, and conducted an improper "short squeeze" in bonds issued by a Canadian manufacturing company.

Defendants:
Harbinger Capital Partners Offshore Manager, L.L.C., Harbinger Capital Partners Special Situations Gp, L.L.C., Harbinger Capital Partners LLC
Philip A. Falcone
Sanction Amount:
$18,020,714
Violation
Market Manipulation
Key Docs
Official SEC press release
0 0

Nicholas Louis Geranio, The Good One, Inc., Kaleidoscope Real Estate, Inc., BWRE Hawaii, LLC

Settled judgment with defendants (who include the individual defendant, two alter ego entities and a relief defendant) for roles in a $35 million scheme to manipulate the market and to profit from the issuance and sale of certain U.S. companies' stock through offshore boiler rooms. A total of eight companies were used for this purpose, all organized by the defendant. Many elderly victims, from the U.K.

Defendants:
The Good One, Inc., Kaleidoscope Real Estate, Inc., BWRE Hawaii, LLC
Nicholas Louis Geranio
Sanction Amount:
$3,692,400
Violation
Market Manipulation
Key Docs
Official SEC press release
41.3186 -72.2446

Jerry S. Williams, Monk's Den, LLC, First In Awareness, LLC

Settlement of allegations against stock promoter and two entities he controlled that they encouraged followers to buy two stocks to force a short squeeze, falsely claiming prior success with lhis "float Lock Down" strategy. However, the promoter allegedly had been hired by the two issuers whose stock he was recommending and was actually a seller while doing so, of the stocks with which he had been paid.

Defendants:
Monk's Den, LLC, First In Awareness, LLC
Jerry S. Williams
Sanction Amount:
$9,617,598
Violation
Market Manipulation
Key Docs
Official SEC press release
0 0

S. Paul Kelley, George Tazbaz, Roger D. Lockhart, Robert S. Agriogianis, Shawn A. Becker

Sanction in settlement of charges that defendants engaged in reverse merger schemes involving Chinese companies and U.S. public shell companies and hid their control over the companies through a vast network of U.S. and international entities. They allegedly then, sold the stock in unregistered distributions, manipulated the trading, and obtained millions in profits as a result.

Defendants:
S. Paul Kelley, George Tazbaz, Roger D. Lockhart, Robert S. Agriogianis, Shawn A. Becker
Sanction Amount:
$9,368,999
Violation
Market Manipulation
Key Docs
Official SEC press release
0 0

AutoChina International Limited, Hui Kai Yan

Scheme to create the false appearance of a liquid and active market for the company defendant's stock. The individual defendant is one of a number of investors alleged to have participated. The company was allegedly offered unfavorable terms for a loan due to the low trading volue of its stock, and its backers responded by depositing more than $60 million into U.S.-based brokerage accounts and engaging in hundreds of fraudulent trades over the next three months, including matched orders and wash trades.

Defendants:
AutoChina International Limited
Hui Kai Yan
Sanction Amount:
$4,500,000
Violation
Market Manipulation
Key Docs
Official SEC press release
0 0

John Babikian

Settlement of allegations against a Canadian promoter behind a platform of affiliated microcap stock promotion websites used to spark buying of a recommended stock, in which the promoter had secretly positioned himself as a seller. Known as "scalping."

Defendants:
John Babikian
Sanction Amount:
$3,730,000
Violation
Market Manipulation
Key Docs
Official SEC press release
0 0

Wayne A. Burmaster Jr.

Default judgment against participant in scheme to pump-and-dump a microcap company that was falsely represented to have an accomplished entrepreneur running it and to be acquiring a restaurant services company with valuable contracts. The stock rose more than 2,700 percent in a matter of months, and defendant participated in dumping more than $1 million worth of it, through several front companies.

Defendants:
Wayne A. Burmaster Jr.
Sanction Amount:
$1,349,158
Violation
Market Manipulation
Key Docs
Official SEC press release
0 0

Rui Ge Dong, Victory First Limited, Rainbow Yield Limited, Yong Qi Li, Ai Xi Ji, Ye Wang, Zhong Wen Zhang, Li Xin Ma, Yong Li Li, Shu Ling Li

Default judgment against remaining defendants in scheme to create the false appearance of a liquid and active market for AutoChina International Limited's stock. The company was allegedly offered unfavorable terms for a loan due to the low trading volue of its stock, and its backers responded by depositing more than $60 million into U.S.-based brokerage accounts and engaging in hundreds of fraudulent trades over the next three months, including matched orders and wash trades.

Defendants:
Victory First Limited, Rainbow Yield Limited
Rui Ge Dong, Yong Qi Li, Ai Xi Ji, Ye Wang, Zhong Wen Zhang, Li Xin Ma, Yong Li Li, Shu Ling Li
Sanction Amount:
$1,500,000
Violation
Market Manipulation
Key Docs
Official SEC press release
0 0

Edward M. Laborio, Envit Capital, LLC, Envit Capital Group, Inc., Envit Capital Holdings, Inc., Envit Capital Private Wealth Management, LLC, Envit Capital Multi Strategy Mixed Investment Fund I LP, Aetius Group, PLC, Aetius Group, LLC

Boiler room scheme, this sanction is the result of a default judgment against the fugitive, primary orchestrator and (some of?) his many companies, with operations primarily in Boston but also some in the southern U.S. Up to $5.7 million raised from approximately 150 investors through the fraudulent sale of five unregistered securities offerings.

Defendants:
Envit Capital, LLC, Envit Capital Group, Inc., Envit Capital Holdings, Inc., Envit Capital Private Wealth Management, LLC, Envit Capital Multi Strategy Mixed Investment Fund I LP, Aetius Group, PLC, Aetius Group, LLC
Edward M. Laborio
Sanction Amount:
$37,006,590
Violation
Market Manipulation
Key Docs
Official SEC press release
0 0

Mitchell J. Stein

Sanction against attorney "architect" of fraudulent schemes designed to artificially inflate the securities of Heart Tronics, Inc. (f/k/a Signalife, Inc.), while defendant secretly made millions of dollars from selling it. In addition to incorporating various aggresive promotional tactics, defendant caused the company, between 2006 and 2008, to repeatedly make false announcements of millions of dollars of sales orders for Heart Tronics product.

Defendants:
Mitchell J. Stein
Sanction Amount:
$11,454,997
Violation
Market Manipulation
Key Docs
Official SEC press release
0 0

Jonathan E. Bryant

Scheme to manipulate trading volume and price of now defunct Virginia-based 8000 Inc.'s common stock. Defendant was CEO and disseminated financial reports and press releases falsely claiming millions of dollars in capital financing and revenues. Volume of trading rose by 93% and stock price went from less than $0.01 per share to $0.42 per share. Defendant then sold or facilitated the sale of stock (which should have been restricted) under these managed, artificial conditions.

Defendants:
Jonathan E. Bryant
Sanction Amount:
$3,168,185
Violation
Market Manipulation
Key Docs
Official SEC press release
0 0

Adam S. Gottbetter

Settlement of allegations against securities lawyer that he used his New York law office as the headquarters for planning and implementing manipulation of the stocks of Kentucky USA Energy Inc., Dynastar Holdings Inc. and (with some newfound collaborators) HBP Energy Corp. Plans included fraudulent trades generated by a trading algorithm, and promotion through call centers, roadshows, and an exchange listing.

Defendants:
Adam S. Gottbetter
Sanction Amount:
$4,600,000
Violation
Market Manipulation
Key Docs
Official SEC press release
0 0

Luis Chang, Everbright Development Overseas, Limited

Settlement of allegations that individual defendant posed as an agent of a Chinese mining company and caused a self-described investment banker to send a letter to U.S. mining company Allied Nevada Gold Corporation’s management proposing a cash tender offer. Defendant allegedly parlayed these events into a press release the following morning, causing an immedate surge in Allied's stock. Stock which defendant, through his co-defendant entity, had secretly loaded up on in advance.

Defendants:
Everbright Development Overseas, Limited
Luis Chang
Sanction Amount:
$5,875,583
Violation
Market Manipulation
Key Docs
Official SEC press release
0 0

Pawel P. Dynkowski

Default judgment for market manipulation schemes netting more than $6.4 million. Defendant would agree to sell large blocks of penny stock with the issuers in exchange for a portion of the proceeds. The shares were put in nominee accounts that defendant controlled, whereupon he artificially inflated the market price through wash sales, matched orders and other manipulative trading, often timed to coincide with false or misleading press releases. He would then sell his shares.

Defendants:
Pawel P. Dynkowski
Sanction Amount:
$2,585,672
Violation
Market Manipulation
Key Docs
Official SEC press release
38.8015 -77.5103

8000 Inc.

Company's common stock was manipulated through dissemination of financial reports and press releases falsely claiming millions of dollars in capital financing and revenues. Volume of trading rose by 93% and stock price went from less than $0.01 per share to $0.42 per share. Executives and other participants in the scheme then sold or facilitated the sale of stock (which should have been restricted).

Defendants:
8000 Inc.
Sanction Amount:
$6,525,000
Violation
Market Manipulation
Key Docs
Official SEC press release
46.8169 -71.2161

Jean-François Amyot, Spencer Pharmaceutical Inc., IAB Media Inc., Hilbroy Advisory Inc.

"Pump-and-dump" scheme in 2010 and 2011 involving stock of defendant Spencer Pharmaceuticals, which had addresses in both Boston and Canada. The individual defendant controlled that and the other two defendant companies and was the orchestrator of the scheme, in which false and misleading press releases were disseminated and stock improperly transferred to evade registration requirements. In excess of $5 million illicit proceeds.

Defendants:
Spencer Pharmaceutical Inc., IAB Media Inc., Hilbroy Advisory Inc.
Jean-François Amyot
Sanction Amount:
$7,084,764
Violation
Market Manipulation
Key Docs
Official SEC press release
0 0

Chad P. Smanjak

"Pump-and-dump" scheme in 2008 in stock of Rudy Nutrition (founded by Rudy Ruettiger, known inspiring the motion picture “Rudy”), which generated more than $11 million in illicit profits. Defendant participated in false and misleading statements in company press releases, SEC filings, and promotional materials, and engaged in manipulative trading, and selling unregistered shares to investors.

Defendants:
Chad P. Smanjak
Sanction Amount:
$2,465,249
Violation
Market Manipulation
Key Docs
Official SEC press release
0 0

Bruce Strebinger

Consent judgment, upon allegations that defendant acquired a position of more than 5% of Americas Energy common stock without publicly disclosing his beneficial ownership, then coordinated an aggressive, multi-million dollar campaign to promote the stock through blast e-mails and direct mailings that contained false and misleading statements. Simultaneously, defendant allegedly dumped the stock through an intricate web of international accounts and foreign domiciled financial institutions.

Defendants:
Bruce Strebinger
Sanction Amount:
$1,515,640
Violation
Market Manipulation
Key Docs
Official SEC press release
0 0

Brent Howard Chapman

Consent judgment, upon allegations that defendant acquired a position of more than 5% of Americas Energy common stock without publicly disclosing his beneficial ownership, then coordinated an aggressive, multi-million dollar campaign to promote the stock through blast e-mails and direct mailings that contained false and misleading statements. Simultaneously, defendant allegedly dumped the stock through an intricate web of international accounts and foreign domiciled financial institutions.

Defendants:
Brent Howard Chapman
Sanction Amount:
$2,800,000
Violation
Market Manipulation
Key Docs
Official SEC press release
0 0

Coleman Flaherty III, Thomas Brazil

"Pump-and-dump" scheme in stock of Massachusetts-based ticket brokering business CitySide Tickets Inc. Defendants aquired stock by virtue of false legal opinion letters, and investors were blitzed with a false and misleading promotional campaign touting CitySide Tickets as on the verge of acquiring smaller rivals and as an attractive takeover target itself. Defendants then sold their hyped shares for illicit proceeds of approximately $3 million. The company subsequently collapsed.

Defendants:
Coleman Flaherty III, Thomas Brazil
Sanction Amount:
$2,869,947
Violation
Market Manipulation
Key Docs
Official SEC press release
0 0

Michael Reger, Nicholas Shermeta

Alleged manipulative scheme centered around a stock price-based bonus target arranged by scheme participants to be paid by Dakota Plains Holdings, the vehicle for the fraud. Defendants are one of the co-founders of the company and a stockbroker who appears to have participated in the inflation of its stock. A network of friends and associates allegedly choreographed extensive sales and purchases during the bonus period, such that Dakota Plains made bonus payments totaling $32 million to the scheme participants.

Defendants:
Michael Reger, Nicholas Shermeta
Sanction Amount:
$8,055,441
Violation
Market Manipulation
Key Docs
Official SEC press release
41.2639 -96.2441

Manarin Investment Counsel Ltd., Roland R. Manarin

Sanction against investment advisory firm and its owner upon Commission finding they failed to seek the most beneficial terms reasonably available ("best execution") when investing in mutual fund shares for three funds that they managed. Investors paid higher fees as a result, in an amount of approximately $685,000.

Defendants:
Manarin Investment Counsel Ltd.
Roland R. Manarin
Sanction Amount:
$1,052,749
Violation
Trading and Pricing
Key Docs
Official SEC press release
39.7281 -105.123

Diego F. Hernandez, HD Mile High Marketing

Commission found that, over approximately two years in 2011-2013, Respondents raised and misappropriated approximately $921,000 from 13 Colorado investors through a fraudulent offering of securities. Investors were told their money would buy corporate bonds or other “safe” investments that would pay a guaranteed, above-market annual interest rate. Instead, it was misappropriated for personal use and Ponzi payments.

Defendants:
HD Mile High Marketing
Diego F. Hernandez
Sanction Amount:
$1,610,011
Violation
Offering Fraud
Key Docs
Official SEC press release
37.2577 -122.038

Wisteria Global, Inc., Hiroshi Fujigami

Commission found that Respondents acted as unregistered brokers from 2011-2013, in connection with the solicitation of about $30.8 million in investments in Luca To-Kalon and Luca Oil from more than 400 Japanese investors. Fees of approximately $3.6 million received, half of which amount was retained by Respondents. Activity was in futherance of an apparent Ponzi scheme. Sanction was limited due to Respondents' inability to pay.

Defendants:
Wisteria Global, Inc.
Hiroshi Fujigami
Sanction Amount:
$1,793,783
Violation
Offering Fraud
Key Docs
Official SEC press release
41.8805 -87.6358

OX Trading, LLC, optionsXpress, Inc.

Commission, and the Chief Administrative Law Judge, found that Respondent subsidiary unlawfully induced or attempted to induce purchases or sales of securities while unregistered. The enitity had been deregistered to avoid a required audit, but continued trading through a customer portfolio margin account.

Defendants:
OX Trading, LLC, optionsXpress, Inc.
Sanction Amount:
$3,753,094
Violation
Trading and Pricing
Key Docs
Official SEC press release
0 0

Artis Capital Management, L.P., Michael W. Harden

Commission found that investment advisory firm and its senior research analyst failed to supervise an employee who provided the firm with insider information allowing it to profit and avoid losses totaling approximately $25.3 million. The firm was further found to have failed to establish, maintain and enforce written policies and procedures reasonably designed to prevent the misuse of material nonpublic information.

Defendants:
Artis Capital Management, L.P.
Michael W. Harden
Sanction Amount:
$9,008,075
Violation
Trading and Pricing
Key Docs
Official SEC press release
38.9623 -77.0851

Blackstreet Capital Management, LLC, Murry N. Gunty

Commission found that private equity investment adviser and its founder/managing member received tranaction-based compensation for brokerage services while not registered as a broker, collected unauthorized fees and made unauthorized use of fund assets, and failed to act as required in the interests of a fund. Appropriate written policies and procedures had not been adopted/implemented.

Defendants:
Blackstreet Capital Management, LLC
Murry N. Gunty
Sanction Amount:
$3,122,737
Violation
Trading and Pricing
Key Docs
Official SEC press release
36.1886 -115.214

IBC Funds, LLC

Commission found that Respondent acted as an unregistered broker-dealer in connection with liquidation of microcap stock it acquired through its business model of purchasing outstanding claims from creditors of the issuers and then settling it in court-approved exchanges (which exempts the stock from registration). Respondent was also found to have improperly relied on the aforementioned exemption in several cases where the issuers presented misrepresentations or omissions to the court.

Defendants:
IBC Funds, LLC
Sanction Amount:
$2,482,850
Violation
Trading and Pricing
Key Docs
Official SEC press release
40.7621 -73.9846

G-Trade Services LLC, ConvergEx Global Markets Limited, and ConvergEx Execution Solutions LLC

Among other things, Respondents unnecessarily routed certain global trading and transition management customer orders to an offshore affiliate in order to charge undisclosed mark-ups and mark-downs. Respondents endeavored to conceal this practice through a multiple-broker corporate structure, and false and misleading statements to customers who inquired.

Defendants:
G-Trade Services LLC, ConvergEx Global Markets Limited, and ConvergEx Execution Solutions LLC
Sanction Amount:
$107,424,429
Violation
Trading and Pricing
Key Docs
Official SEC press release
40.7207 -74.0112

Citigroup Global Markets, Inc.

Settlement of charges that Respondent failed to enforce policies and procedures to prevent and detect securities transactions that could involve the misuse of material, nonpublic information. Respondent was also found to have failed to adopt and implement policies and procedures to prevent and detect principal transactions conducted by an affiliate.

Defendants:
Citigroup Global Markets, Inc.
Sanction Amount:
$15,000,000
Violation
Trading and Pricing
Key Docs
Official SEC press release
40.7548 -73.9806

Morgan Stanley Investment Management Inc., Sheila Huang

Settlement of charges by investment firm that one of its portfolio managers conducted unlawful prearranged trading known as “parking,” favoring certain advisory client accounts over others. In this case, the portfolio manager allegedly sold fixed income securities that needed to be liquidated to a certain broker-dealer with whom she had prearranged to repurchase the securities, for the initial sale price plus a minimal markup in order to “buyback” the positions into other accounts advised by MSIM.

Defendants:
Morgan Stanley Investment Management Inc.
Sheila Huang
Sanction Amount:
$8,982,534
Violation
Trading and Pricing
Key Docs
Official SEC press release
40.7098 -74.0108

ITG Inc., AlterNet Securities, Inc.

Settlement of charges that affiliated Respondents operated a secret trading desk called "Project Omega" and misused the confidential trading information of dark pool subscribers, despite representations that they were an "agency only" broker with no conflicting interests with customers.

Defendants:
ITG Inc., AlterNet Securities, Inc.
Sanction Amount:
$20,337,836
Violation
Trading and Pricing
Key Docs
Official SEC press release
38.6044 -90.4466

Edward D. Jones & Co., L.P.

Commission found that Respondent, a financial services firm, forced retail customers to pay $4.6 million more than they should have for municipal bonds it underwrote by not selling the issuances at the required initial offering price over a three-year period.

Defendants:
Edward D. Jones & Co., L.P.
Sanction Amount:
$20,194,401
Violation
Municipal Securities Fraud
Key Docs
Official SEC press release
40.7559 -73.9756

JPMorgan Chase & Co.

Part of a larger settlement also resolving a criminal probe, the Commission found that investment bankers at JPMorgan’s subsidiary in Asia created a client referral hiring program that bypassed the firm’s normal hiring process and filled well-paying, career-building positions based on referrals from client executives and influential government officials. This practice allegedly enabled the firm to win or retain business resulting in more than $100 million in revenues during a seven-year period.

Defendants:
JPMorgan Chase & Co.
Sanction Amount:
$130,591,405
Violation
Foreign Corrupt Practices Act
Key Docs
Official SEC press release
39.0434 -84.462

General Cable Corporation

Part of a larger settlement also resolving a criminal probe, the Commission found that Respondent's overseas subsidiaries made improper payments to foreign government officials for a dozen years to obtain or retain business in Angola, Bangladesh, China, Egypt, Indonesia, and Thailand.

Defendants:
General Cable Corporation
Sanction Amount:
$55,281,897
Violation
Foreign Corrupt Practices Act
Key Docs
Official SEC press release
39.1017 -84.5118

Fifth Third Bancorp, Daniel Poston

Settlement of charges against financial services company and its former chief financial officer for improper accounting of commercial real estate loans in the midst of the financial crisis. Loans which Respondent company had formed the intent to sell were mis-classed as "held for investment," avoiding a required fair market valuation.

Defendants:
Fifth Third Bancorp, Daniel Poston
Fifth Third Bancorp, Daniel Poston
Sanction Amount:
$6,600,000
Violation
Financial Fraud
Key Docs
Official SEC press release
40.763 -73.9791

First Eagle Investment Management, LLC, FEF Distributors, LLC

Commision found that affiliated Respondents unlawfully caused the funds to pay nearly $25 million for distribution-related services, rather than making the payments out of the Respondents’ own assets as stated in the funds’ prospectus disclosures , and inaccurately reported to the funds’ boards how these payments were made.

Defendants:
First Eagle Investment Management, LLC, FEF Distributors, LLC
Sanction Amount:
$39,747,879.75
Violation
Financial Fraud
Key Docs
Official SEC press release
41.7664 -72.675

Virtus Investment Advisers, Inc.

Settlement of charges that Respondent misled certain investors with advertisements containing false historical performance data about a major-exchange traded fund portfolio strategy it used, namely, the AlphaSector strategy from subadviser F-Squared Investments Inc. F-Squared was also heavily sanctioned in connection with the AlphaSector strategy.

Defendants:
Virtus Investment Advisers, Inc.
Sanction Amount:
$16,500,000
Violation
Financial Fraud
Key Docs
Official SEC press release
40.7651 -73.98

Fenway Partners, LLC, Peter Lamm, William Gregory Smart, Timothy Mayhew, Jr., Walter Wiacek

Settlement of charges that Respondents failed to disclose conflicts of interest to a fund client and investors about several transactions involving more than $20 million in payments to former firm employees and an affiliated entity made out of fund and portfolio company assets, for consulting services that were primarily provided while the former employees were still working at Fenway Partners.

Defendants:
Fenway Partners, LLC
Peter Lamm, William Gregory Smart, Timothy Mayhew, Jr., Walter Wiacek
Sanction Amount:
$10,241,471.10
Violation
Financial Fraud
Key Docs
Official SEC press release
41.0188 -73.6461

AlphaBridge Capital Management, LLC, Thomas T. Kutzen, Michael J. Carino

Respondents are an investment advisory firm and its two owners. The Commission found that they fraudulently inflated the prices of securities in hedge fund portfolios they managed, by telling investors and the firm's auditor that they used independent price quotes from broker-dealers for certain unlisted, thinly-traded RMBS, while they had actually given these valuations - which were interally-derived - to the B-Ds to pass off as their own.

Defendants:
AlphaBridge Capital Management, LLC
Thomas T. Kutzen, Michael J. Carino
Sanction Amount:
$5,000,000
Violation
Financial Fraud
Key Docs
Official SEC press release
40.7607 -73.9731

James Caird Asset Management LLP, Timothy G. Leslie

Settlement of charges against investment adviser and co-founder thereof, for misrepresenting the strategy of a managed fund and misallocating trades between that fund and another managed fund, to the benefit of co-founder Respondent who was more heavily invested in the advantaged fund.

Defendants:
James Caird Asset Management LLP
Timothy G. Leslie
Sanction Amount:
$2,521,074.00
Violation
Financial Fraud
Key Docs
Official SEC press release
40.7633 -73.9776

Owen Li, Canarsie Capital, LLC

Sanction for a series of false statements made by hedge fund advisor to investors in Canarsie Capital Fund Master, LP, which ultimately collapsed after losing approximately $58 million. Misstatements and omissions included the fund's performance and the advisor's personal investment in a related fund. Also, fictitious trades and other false and misleading statements were reported to prime brokers to avoid margin calls. Toward the end, the fund's portfolio was traded in ways that contravened the offering memorandum.

Defendants:
Canarsie Capital, LLC
Owen Li
Sanction Amount:
$3,494,938
Violation
Financial Fraud
Key Docs
Official SEC press release
39.7777 -75.4903

BlackRock Advisors, LLC, Bartholomew A. Battista

Sanction based on alleged failure to disclose a conflict of interest created by the outside business activity of a portfolio manager, whose outside business would up being the largest holding of the largest fund managed by the portfolio manager for BlackRock.

Defendants:
BlackRock Advisors, LLC
Bartholomew A. Battista
Sanction Amount:
$12,060,000.00
Violation
Financial Fraud
Key Docs
Official SEC press release
40.7606 -73.983

Barclays Capital Inc.

Sanction in resolution of findings that Respondent failed in various ways in its integration of Lehman Brothers Inc.'s advisory business after acquiring it in 2008, including disclosure failures and charging wrongful commissions and fees. The alleged violations amounted to client losses of approximately $472,000 and additional revenue to Respondent of more than $3.1 million.

Defendants:
Barclays Capital Inc.
Sanction Amount:
$15,000,000
Violation
Financial Fraud
Key Docs
Official SEC press release
34.0168 -118.501

Guggenheim Partners Investment Management, LLC

Settlement of charges that Respondent failed to disclose a $50 million loan that one of its senior executives received from an advisory client, and billed a client for asset management fees on non-managed assets. The latter was found to be inadvertant.

Defendants:
Guggenheim Partners Investment Management, LLC
Sanction Amount:
$20,000,000.00
Violation
Financial Fraud
Key Docs
Official SEC press release
0 0

Daniel Bogar, Jason T. Green

Sanctions for disclosure failures against former President and former head of the private client group at Stanford Group Company, Inc., the broker-dealer through which Allen Stanford conducted his massive Ponzi scheme. For more information, see https://www.sec.gov/alj/aljdec/2013/id502cff.pdf.

Defendants:
Daniel Bogar, Jason T. Green
Sanction Amount:
$4,688,992
Violation
Financial Fraud
Key Docs
Official SEC press release
39.0434 -84.462

General Cable Corporation

Commission found that, from 2008 to the second quarter of 2012, Respondent materially misstated its financial statements due to improper inventory accounting at its Brazil subsidiary that went undetected due to the company’s internal accounting controls failures. This settlement was reached simultaneously with a settlement resolving FCPA charges that also had been brought against Respondent.

Defendants:
General Cable Corporation
Sanction Amount:
$6500000
Violation
Financial Fraud
Key Docs
Official SEC press release
40.7886 -73.7242

Curt Kramer, Mazuma Corporation, Mazuma Funding Corporation, Mazuma Holding Corporation

Settlement of findings that Respondents purchased billions of shares in microcap companies Laidlaw Energy Group and Bederra Corporation and failed to register them before they were re-sold to investors for sizeable profits. Based on timing, the Laidlaw transactions were found to have been purchased in a single, integrated offering that exceeded the monetary threshold for such offerings permitted by law.

Defendants:
Mazuma Corporation, Mazuma Funding Corporation, Mazuma Holding Corporation
Curt Kramer
Sanction Amount:
$1462978
Violation
Trading and Pricing
Key Docs
Official SEC press release
40.7131 -74.0154

Merrill Lynch, Pierce, Fenner & Smith Incorporated

Settlement of charges that Respondent made faulty disclosures about collateral selection for two collateralized debt obligations (CDOs) that it structured and marketed to investors, and maintained inaccurate books and records for a third CDO, from which Respondent was found to benefit in the approximate amount of $56 million.

Defendants:
Merrill Lynch, Pierce, Fenner & Smith Incorporated
Sanction Amount:
$131800027
Violation
Financial Fraud
Key Docs
Official SEC press release
34.1461 -118.142

Western Asset Management Company

Settlement with Legg Mason subsidiary of charges that it concealed losses to ERISA investors resulting from a coding error that allocated a restricted private investment to their accounts.

Defendants:
Western Asset Management Company
Sanction Amount:
$10620392
Violation
Financial Fraud
Key Docs
Official SEC press release
34.1461 -118.142

Western Asset Management Company

Settlement with Legg Mason subsidiary of charges that it engaged in cross trading that favored come clients over others. The firm allegedly used prearranged sale and repurchase transactions at times when forced by liquidations or downgrades to sell non-agency mortgaged backed securities and similar assets. It believed these assets were suitable for some investors and more valuable than the depressed market would bear, but arms-length transactions are required to comply with the law.

Defendants:
Western Asset Management Company
Sanction Amount:
$8440881
Violation
Trading and Pricing
Key Docs
Official SEC press release
0 0

CITIC Securities International Investment Management (HK) Limited, China Shenghai Investment Management Limited

Settlement with two Hong Kong-based asset management firms whose accounts were frozen in a major insider trading case involving the stock of Canadian energy company Nexen Inc. prior to its acquisition by China-based CNOOC Ltd.

Defendants:
CITIC Securities International Investment Management (HK) Limited, China Shenghai Investment Management Limited
Sanction Amount:
$10,900,000
Violation
Trading and Pricing
Key Docs
Official SEC press release
40.7852 -73.413

Worldwide Capital, Inc., Jeffrey W. Lynn

Settlement of charges that Respondents violated Rule 105 sixty times over approximately five years by buying equity securities in public offerings after short selling the same securities in the restricted periods leading up to the offerings.

Defendants:
Worldwide Capital, Inc.
Jeffrey W. Lynn
Sanction Amount:
$7253726
Violation
Market Manipulation
Key Docs
Official SEC press release
34.0314 -118.47

Lions Gate Entertainment Corp.

Respondent failed to make complete and accurate disclosures while involved in thwarting a hostile takeover bid by a large shareholder. Extraordinary corporate transactions in 2010 put millions of newly issued company shares in the hands of a management-friendly director, a purpose of which was to defeat a the hostile tender offer. However, the company falsely stated that the transactions were part of a previously announced plan to reduce debt.

Defendants:
Lions Gate Entertainment Corp.
Sanction Amount:
$7500000
Violation
Financial Fraud
Key Docs
Official SEC press release
40.4166 -74.0481

Visionary Trading LLC, Lightspeed Trading LLC, Andrew Actman, Joseph Dondero, Eugene Giaquinto, Lee Heiss, Jason Medvin

Alleged market manipulation and operating a brokerage firm that wasn’t registered as required. The manipulation was described as illegal “layering” or “spoofing," in which the trader places layers of orders with no intention of having them executed. The purpose is to skew perceptions of market demand and prompt buying or selling, which the trader is positioned to take advantage of.

Defendants:
Visionary Trading LLC, Lightspeed Trading LLC
Andrew Actman, Joseph Dondero, Eugene Giaquinto, Lee Heiss, Jason Medvin
Sanction Amount:
$2794041.67
Violation
Market Manipulation
Key Docs
Official SEC press release
33.5179 -86.8095

Regions Financial Corporation

Settlement included as part of a deferred prosecution agreement, and the amount was limited by the fact/existence of parralel actions by the Federal Reserve Board and the Alabama Department of Banking. Charges for intentional fraud in misclassifying loans that should have been recorded as impaired for accounting purposes, and resultant overstatement in the bank's financial reporting.

Defendants:
Regions Financial Corporation
Sanction Amount:
$26,000,000
Violation
Financial Fraud
Key Docs
Official SEC press release
40.7604 -73.9857

Morgan Stanley and Co. LLC, Morgan Stanley ABS Capital I Inc., Morgan Stanley Mortgage Capital Holdings LLC

Commission found that Respondents made misleading public disclosures regarding the number of delinquent loans in two subprime RMBS transactions offered in 2007. Respondents sponsored, issued and underwrote the transactions, which were collateralized with loans with an aggregate principal value balance of over $2.5 million. The offering documents said that less than 1 percent of that was delinquent, while the actual delinquency amounts appeared to be a minimum of 4.5 percent, up to as much as 17 percent.

Defendants:
Morgan Stanley and Co. LLC, Morgan Stanley ABS Capital I Inc., Morgan Stanley Mortgage Capital Holdings LLC
Sanction Amount:
$275000000
Violation
Offering Fraud
Key Docs
Official SEC press release
40.721 -74.0014

Linkbrokers Derivatives LLC

Settlement of charges that Respondent brokerage firm unlawfully took secret profits of more than $18 million from customers by adding hidden markups and markdowns to their trades, and secured additional illicit profits by stealing portions of customers’ trades when they entered limit orders. Brokers allegedly filled at limit but withheld that information, then purchased or sold portions of the positions back to the market depending on conditions, keeping the profit.

Defendants:
Linkbrokers Derivatives LLC
Sanction Amount:
$14,000,000
Violation
Financial Fraud
Key Docs
Official SEC press release
35.2275 -80.842

Bank of America Corporation

Respondent failed to disclose known uncertainties regarding potential increased costs related to mortgage loan repurchase claims stemming from more than $2 trillion in residential mortgage sales from 2004 through the first half of 2008 by the bank and certain companies it acquired.

Defendants:
Bank of America Corporation
Sanction Amount:
$20,000,000
Violation
Financial Fraud
Key Docs
Official SEC press release
35.2275 -80.842

Bank of America Corporation

Part of global settlement of $16.65 billion, this sanction related to Respondent's conduct with respect to RMBS, particularly an offering in 2008 that Respondent allegedly failed to disclose was more than 70 percent comprised of wholesale channel loans, otherwise known as "toxic waste."

Defendants:
Bank of America Corporation
Sanction Amount:
$225,060,000
Violation
Offering Fraud
Key Docs
Official SEC press release
39.7467 -75.5464

Wilmington Trust Corporation

Settlement of accounting and disclosure fraud charges bank holding company Respondent for failing to report the true volume of its loans at least 90 days past due as they substantially increased in number during the financial crisis.

Defendants:
Wilmington Trust Corporation
Sanction Amount:
$18,545,896
Violation
Financial Fraud
Key Docs
Official SEC press release
36.3218 -86.5717

AgFeed Industries

Settlement of charges for repeatedly reporting fake revenues from the Respondent’s China operations in order to meet financial targets and prop up its stock price. Respondents also allegedly obtained illicit gains in stock offerings to investors at the inflated prices resulting from the accounting scheme, of which management was aware.

Defendants:
AgFeed Industries
Sanction Amount:
$18,000,000
Violation
Financial Fraud
Key Docs
Official SEC press release
42.3513 -71.069

RA Capital Management, LLC

Settlement of allegations of seventeen violations of Rule 105 of federal securities laws, which prohibits short selling an equity security during a restricted period in advance of a public offering and then purchasing the security in the offering. Alleged profits of $2,646,395.21.

Defendants:
RA Capital Management, LLC
Sanction Amount:
$3,624,360
Violation
Market Manipulation
Key Docs
Official SEC press release
44.9476 -93.3181

Whitebox Advisors LLC

Settlement of allegations of five violations of Rule 105 of federal securities laws, which prohibits short selling an equity security during a restricted period in advance of a public offering and then purchasing the security in the offering. Alleged profits of $788,779.

Defendants:
Whitebox Advisors LLC
Sanction Amount:
$1,202,925
Violation
Market Manipulation
Key Docs
Official SEC press release
37.5385 -122.257

Saba Software, Inc., Patrick Farrell, Sajeev Menon

Settlement of alleged accounting fraud in which managers based in the U.S. directed consultants in India to either falsely record time that they had not yet worked, or purposely fail to record hours worked during certain pay periods to conceal budget overruns from management and finance divisions. This resulted in revenue misstatements over a four-period, allowing Respondent company to achieve quarterly revenue and margin targets.

Defendants:
Saba Software, Inc.
Patrick Farrell, Sajeev Menon
Sanction Amount:
$1,904,638
Violation
Financial Fraud
Key Docs
Official SEC press release
0 0

Babak Yazdani

Sanction represent a clawback of bonuses and stock profits received while accounting fraud was occurring at Saba Software, Inc. Respondent was CEO, though not charged with misconduct.

Defendants:
Babak Yazdani
Sanction Amount:
$2,570,596
Violation
Financial Fraud
Key Docs
Official SEC press release
40.7612 -73.9806

UBS Securities LLC

Settlement of charges of securities law violations related to the operation and marketing of Respondent's dark pool. The dark pool allegedly was not a level playing field because Respondent failed to properly disclose to all subscribers the existence of an order type that allowed sub-penny orders to be placed, which otherwise were not permitted and which allowed traders to jump ahead of orders in the usual increments. Respondent allegedly pitched this almost exclusively to market makers and high-frequency trading firms.

Defendants:
UBS Securities LLC
Sanction Amount:
$14,476,389
Violation
Financial Fraud
Key Docs
Official SEC press release
41.8338 -87.7638

Broadwind Energy, Inc., J. Cameron Drecoll, Stephanie K. Kushner

Respondents are an alternative energy company, its former CEO, and its CFO, and this sanction is in settlement of alleged accounting and disclosure violations preventing investors, existing and new, from knowing that reduced business from two significant customers had caused substantial declines in the company’s long-term financial prospects.

Defendants:
Broadwind Energy, Inc.
J. Cameron Drecoll, Stephanie K. Kushner
Sanction Amount:
$1,691,467
Violation
Financial Fraud
Key Docs
Official SEC press release
39.968 -83.0031

Nationwide Life Insurance Company

Settlement of charges that Respondent routinely violated pricing rules in its daily processing of purchase and redemption orders for variable insurance contracts and underlying mutual funds. Respondent allegedly intentionally delayed its receipt of mail so that it could process orders using the next day's price.

Defendants:
Nationwide Life Insurance Company
Sanction Amount:
$8,000,000
Violation
Trading and Pricing
Key Docs
Official SEC press release
50.1138 8.66819

Deutsche Bank AG

Settlement of allegations that Respondent overvalued certain Leveraged Super Senior trades during the height of the global financial crisis which resulted in misstatements to its financial statements for year end 2008 and the first quarter of 2009.

Defendants:
Deutsche Bank AG
Sanction Amount:
$55,000,000
Violation
Financial Fraud
Key Docs
Official SEC press release
40.7131 -74.0154

Merrill Lynch, Pierce, Fenner & Smith Incorporated, Merrill Lynch Professional Clearing Corporation

Respondents utilized inaccurate data in the course of executing short sale orders. This occurred because some of these orders were processed based on stale information from Respondents' running list of easy-to-borrow securities.

Defendants:
Merrill Lynch, Pierce, Fenner & Smith Incorporated, Merrill Lynch Professional Clearing Corporation
Sanction Amount:
$10,900,810
Violation
Trading and Pricing
Key Docs
Official SEC press release
38.9234 -77.2208

Claus Zilmer, Computer Sciences Corporation, Michael Laphen, Michael Mancuso, Wayne Banks, Paul Wakefield

Settlement of charges against corporate Respondent and executives for alleged manipulation of financial results by fabricating new items in the accounting models, to avoid significant reductions to earnings in 2010 and 2011 resulting from losses under a key contract due to failure to meet deadlines. $190 million of this sanction is attributable to the corporate Respondent.

Defendants:
Computer Sciences Corporation
Claus Zilmer, Michael Laphen, Michael Mancuso, Wayne Banks, Paul Wakefield
Sanction Amount:
$190,263,390
Violation
Financial Fraud
Key Docs
Official SEC press release
0 0

Andrew L. Evans

Settlement of allegations of repeated violations of Rule 105 of the federal securities laws through defendant's firm Maritime Asset Management, LLC. Rule 105 prohibits short selling an equity security during a restricted period in advance of a public offering and then purchasing the security in the offering. Alleged profits of $582,175.

Defendants:
Andrew L. Evans
Sanction Amount:
$1,009,988
Violation
Market Manipulation
Key Docs
Official SEC press release
0 0

Helmut Anscheringer

Settlement of charges of insider trading after Swiss trader allegedly purchased stock and call options in AuthenTec Inc. upon learning from a longtime friend related to an AuthenTec executive that Apple proposed to buy the company. More than $1.8 million in alleged, illicit profits.

Defendants:
Helmut Anscheringer
Sanction Amount:
$2,851,768
Violation
Trading and Pricing
Key Docs
Official SEC press release
40.7638 -73.9749

Kohlberg Kravis Roberts & Co. L.P.

Settlement of charges that Respondent misallocated more than $17 million in so-called “broken deal” expenses to its flagship private equity funds in breach of its fiduciary duty. Respondent's co-investors, including its investors participated in relevant transactions, but no portion of the broken deal expenses was allocated to them for years, and Respondent's L.P. agreements did not disclose this.

Defendants:
Kohlberg Kravis Roberts & Co. L.P.
Sanction Amount:
$28,677,409
Violation
Financial Fraud
Key Docs
Official SEC press release
39.6847 -76.1774

Colonial Tidewater Realty Income Partners, LLC, James R. Glover, Sherman T. Hill

Settlement of charges that defendants defrauded approximately 125 clients, including family, friends and fellow church members, by enticing them to invest in a real estate company by means of false and misleading statements about its investments, value and financial condition. Clients allegedly also were not informed about conflicts of interest, nor about hundreds of thousands of dollars that were misappropriated.

Defendants:
Colonial Tidewater Realty Income Partners, LLC
James R. Glover, Sherman T. Hill
Sanction Amount:
$2,748,491
Violation
Financial Fraud
Key Docs
Official SEC press release
40.7591 -73.9719

Citigroup Alternative Investments LLC, Citigroup Global Markets Inc.

Settlement of allegations that Respondents made material misstatements and omissions, including in written materials, in the offer and sale of two now-defunct hedge funds by claiming they were safe, low-risk, and suitable for traditional bond investors, while in reality the investments bore significant risk, and at times were in dire condition.

Defendants:
Citigroup Alternative Investments LLC, Citigroup Global Markets Inc.
Sanction Amount:
$179,562,328
Violation
Offering Fraud
Key Docs
Official SEC press release
39.9574 -75.1817

Taberna Capital Management, LLC, Michael Fralin, Raphael Licht

Settlement of allegations that Respondents, CDO managers, did not tell clients they were retaining payments known as “exchange fees” in connection with restructuring transactions. The CDOs' governing documents did not permit this fee retention, which created conflicts of interest and allegedly was not disclosed in company reports, and in fact was obscured by improper labeling.

Defendants:
Taberna Capital Management, LLC
Michael Fralin, Raphael Licht
Sanction Amount:
$21,675,000
Violation
Financial Fraud
Key Docs
Official SEC press release
41.8849 -87.6231

BDO USA, LLP

Respondent audit firm dismissed red flags and issued false and misleading unqualified audit opinions about the financial statements of staffing services company General Employment Enterprises. Apparent asset overstatement of $2.3 million, representing approximately half the company's assets.

Defendants:
BDO USA, LLP
Sanction Amount:
$2,112,000
Violation
Financial Fraud
Key Docs
Official SEC press release
40.1371 -75.4752

William B. Fretz, Jr., John P. Freeman, Covenant Capital Management Partners, L.P., Covenant Partners, L.P.

Settlement of allegations of fraud in sale of fund partnership interests to family and friends, with at least $1.6 million in investment funds misappropriated for managers' personal expenses and to support a separate, failing business. Some of that amount was allegedly taken in the form of performance fees that the managers paid themselves but had not earned.

Defendants:
Covenant Capital Management Partners, L.P., Covenant Partners, L.P.
William B. Fretz, Jr., John P. Freeman
Sanction Amount:
$6,830,510
Violation
Offering Fraud
Key Docs
Official SEC press release
31.2189 121.432

Focus Media Holding Limited, Jason Jiang

Settlement of charges of inaccurate disclosures about advertising company’s partial sale of a subsidiary to insiders, including the individual Respondent. The sale, which occurred before a third party purchased the subsidiary at a significantly higher price, yielded enormous profits to the insiders.

Defendants:
Focus Media Holding Limited
Jason Jiang
Sanction Amount:
$55,627,865
Violation
Financial Fraud
Key Docs
Official SEC press release
19.2923 -81.3771

Home Loan Servicing Solutions Ltd.

Settlement of allegations of material misstatements about Respondent's handling of related party transactions and the value of its primary asset and for having inadequate internal accounting controls

Defendants:
Home Loan Servicing Solutions Ltd.
Sanction Amount:
$1,500,000
Violation
Financial Fraud
Key Docs
Official SEC press release
40.7579 -73.9722

Blackstone Management Partners L.L.C., Blackstone Management Partners III L.L.C., Blackstone Management Partners IV L.L.C.

Settlement of charges against three private equity fund advisors that they failed to fully inform investors about benefits obtained from accelerated monitoring fees and discounts on legal fees.

Defendants:
Blackstone Management Partners L.L.C., Blackstone Management Partners III L.L.C., Blackstone Management Partners IV L.L.C.
Sanction Amount:
$38,911,756
Violation
Financial Fraud
Key Docs
Official SEC press release
40.7051 -74.0079

Briargate Trading, LLC, Eric Oscher

Settlement of allegations that Respondents, a proprietary trading firm and one of its co-founders, engaged in the manipulative trading tactic known as “spoofing.” Under this tactic, sham orders are placed with the intent of creating an appearance of interest in one side of the market, while the spoofer works the other side.

Defendants:
Briargate Trading, LLC
Eric Oscher
Sanction Amount:
$1,062,842
Violation
Market Manipulation
Key Docs
Official SEC press release
47.372 8.53814

UBS AG

Settlement of charges against Respondent that it made false or misleading statements and omissions in offering materials provided to U.S. investors in structured notes linked to a proprietary, index-based foreign exchange trading strategy. Respondent allegedly falsely stated that the strategy relied on a “transparent” and “systematic” approach of using “market prices” to calculate the financial instruments underlying the index, when undisclosed hedging trades by UBS reduced the index price by about five percent.

Defendants:
UBS AG
Sanction Amount:
$19,500,000
Violation
Offering Fraud
Key Docs
Official SEC press release
51.5153 -0.0935838

Standard Bank PLC

Part of a larger global settlement, this sanction was in resolution of SEC charges that Respondent failed to disclose certain payments in connection with offering of debt by the Government of Tanzania in 2013, for which it served as lead manager. Respondent allegedly failed to disclose failed to disclose payments made by an affiliate to a Tanzanian firm that received a portion of the proceeds of the $600 million offering but performed no substantive role in the transaction.

Defendants:
Standard Bank PLC
Sanction Amount:
$4,200,000
Violation
Offering Fraud
Key Docs
Official SEC press release
40.7559 -73.9756

JPMorgan Chase Bank, N.A., J.P. Morgan Securities LLC

Respondents failed to disclose conflicts of interest to clients, in that they preferred to invest clients in the firm’s own proprietary investment products without properly disclosing this preference, thus depriving clients of information needed to make fully informed investment decisions.

Defendants:
JPMorgan Chase Bank, N.A., J.P. Morgan Securities LLC
Sanction Amount:
$267,000,000
Violation
Financial Fraud
Key Docs
Official SEC press release
38.6687 -90.405

Monsanto Company, Sara M. Brunnquell, Anthony P. Hartke, Jonathan W. Nienas

Settlement of charges that Respondents violated accounting rules and misstated Monsanto Company's earnings in connection with millions of dollars in rebates offered to retailers and distributers after generic competition had undercut prices on its flagship product. Monsanto allegedly failed to recognize all of these program costs and misstated its consolidated earnings in corporate filings during a three-year period.

Defendants:
Monsanto Company
Sara M. Brunnquell, Anthony P. Hartke, Jonathan W. Nienas
Sanction Amount:
$80,135,000
Violation
Financial Fraud
Key Docs
Official SEC press release
40.7606 -73.983

Barclays Capital Inc.

Respondent violated federal securities laws in connection with the operation of its dark pool, by misrepresenting its policing efforts, overriding its surveillance tool, and misleading subscribers about data feeds.

Defendants:
Barclays Capital Inc.
Sanction Amount:
$35,000,000
Violation
Financial Fraud
Key Docs
Official SEC press release
40.7415 -73.987

Credit Suisse Securities (USA) LLC

Settlement of allegations regarding a number of alleged misstatements and omissions about Respondent's dark pool, including that it used a feature called Alpha Scoring to characterize subscriber order flow monthly in an objective and transparent manner, but which feature was neither objective nor transparent, nor did it categorize all subscribers monthly. Respondent also allegedly failed to disclose a preferential routing system and a technology that tipped two HFT firms about order submissions.

Defendants:
Credit Suisse Securities (USA) LLC
Sanction Amount:
$44,315,154
Violation
Financial Fraud
Key Docs
Official SEC press release
40.7415 -73.987

Credit Suisse Securities (USA) LLC

Settlement of charges that Respondent misrepresented that it would use a feature called Alpha Scoring to identify opportunistic traders in its electronic communications network, "Light Pool." However, the feature allegedly was not used in the ECN for the first year it was operational, and Respondent allegedly was not balanced or judicious in kicking out identified, suspect traders once it was turned on.

Defendants:
Credit Suisse Securities (USA) LLC
Sanction Amount:
$10,000,000
Violation
Financial Fraud
Key Docs
Official SEC press release
40.7559 -73.9756

J.P. Morgan Investment Management Inc.

Settlement of allegations of ten violations of Rule 105 of federal securities laws, which prohibits short selling an equity security during a restricted period in advance of a public offering and then purchasing the security in the offering. Alleged profits of $662,763.

Defendants:
J.P. Morgan Investment Management Inc.
Sanction Amount:
$1,084,210
Violation
Market Manipulation
Key Docs
Official SEC press release
40.756 -73.9742

UBS Willow Management L.L.C., UBS Fund Advisor L.L.C.

Settlement of charges arising from Respondents' alleged roles in failing to disclose a change in investment strategy by a closed-end fund they advised. Specifically, the UBS Willow Fund LLC was marketed as focused on distressed debt, and did so for eight years. Until one day in 2008 when the firm suddenly and with no notice purchased large quantities of credit default swaps (a polar opposite strategy from the previous) (and one that went poorly, with the fund liquidating in 2012).

Defendants:
UBS Willow Management L.L.C., UBS Fund Advisor L.L.C.
Sanction Amount:
$17,500,167
Violation
Financial Fraud
Key Docs
Official SEC press release
30.2941 -86.0253

The St. Joe Company, Wm. Britton Greene, William S. McCalmont, Janna L. Connolly, J. Brian Salter, Phillip B. Jones

Settlement with an NYSE-listed real estate developer/landowner company, its former top executives, and two former accounting department directors, of charges of improper accounting regarding the declining value of the company’s residential real estate developments during the financial crisis. This misconduct allegedly resulted in materially overstated earnings and assets in 2009 and 2010.

Defendants:
The St. Joe Company
Wm. Britton Greene, William S. McCalmont, Janna L. Connolly, J. Brian Salter, Phillip B. Jones
Sanction Amount:
$3,811,064
Violation
Financial Fraud
Key Docs
Official SEC press release
41.8775 -87.6332

Grant Thornton, LLP

Respondent audit company repeatedly violated professional standards while ignoring repeated red flags and fraud risks that allowed two clients to file numerous reports with the Commission that were materially false and misleading.

Defendants:
Grant Thornton, LLP
Sanction Amount:
$4,536,570
Violation
Financial Fraud
Key Docs
Official SEC press release
40.7545 -73.9745

SG Americas Securities LLC, Yimin Ge

Respondents, a brokerage firm and its trader, were allegedly involved in a "parking" scheme with a portfolio manager at Morgan Stanley Investment Management Inc. The portfolio manager allegedly sold fixed income securities that needed to be liquidated out of certain accounts to Respondents, but had prearranged to repurchase them for the initial sale price plus a minimal markup in order to “buyback” the positions into other accounts advised by MSIM.

Defendants:
SG Americas Securities LLC
Yimin Ge
Sanction Amount:
$1,036,093
Violation
Trading and Pricing
Key Docs
Official SEC press release
40.7149 -74.0144

Goldman, Sachs & Co.

Respondent allegedly violated Regulation SHO by failing to perform an adequate review of borrowable securities – “locates” - to support short sales and inaccurately recorded such locates in the firm’s locate log that must reflect the basis upon which Goldman Sachs has given them out.

Defendants:
Goldman, Sachs & Co.
Sanction Amount:
$15,000,000
Violation
Trading and Pricing
Key Docs
Official SEC press release
39.7446 -104.985

Equinox Fund Management, LLC

Settlement of allegations that Respondent calculated management fees contrary to the method described in registration statements also deviated from its disclosed valuation methodology for a managed futures fund. Respondent allegedly overcharged the fund $5.4 million in fees.

Defendants:
Equinox Fund Management, LLC
Sanction Amount:
$6,400,067
Violation
Financial Fraud
Key Docs
Official SEC press release
33.9146 -84.342

Ocwen Financial Corp.

Respondent allegedly inaccurately disclosed to investors that it independently valued complex mortgage assets at fair value under GAAP, but actually merely used a valuation performed by a related party to which it sold servicing rights. Alleged consequent misstatement of net income for the last three quarters of 2013 and the first quarter of 2014.

Defendants:
Ocwen Financial Corp.
Sanction Amount:
$2,000,000
Violation
Financial Fraud
Key Docs
Official SEC press release
0 0

Peter Kuperman, QED Benchmark Management, L.L.C.

Settlement of charges against a Toronto hedge fund manager and his NY-based firm for avoiding disclosure of heavy losses by using a misleading mixture of hypothetical and actual returns when providing the fund’s performance history. They allegedly obtained millions from investors based on these misrepresentations, which they then poured into a single penny stock in deviation from the fund's stated strategy. And they allegedly misled investors about the performance and liquidity of the penny stock investment as well.

Defendants:
QED Benchmark Management, L.L.C.
Peter Kuperman
Sanction Amount:
$2,952,000
Violation
Offering Fraud
Key Docs
Official SEC press release
38.5416 -121.726

Marrone Bio Innovations, Inc.

Settlement of charges that Respondent inflated its financial results by concealing various sales concessions offered to customers from finance personnel and the independent auditor, in order to meet projections it would double revenues in its first year as a public company.

Defendants:
Marrone Bio Innovations, Inc.
Sanction Amount:
$1,750,000
Violation
Financial Fraud
Key Docs
Official SEC press release
40.7105 -74.0156

Royal Alliance Associates, Inc., SagePoint Financial, Inc., FSC Securities Corporation

Settlement of charges against three AIG affiliates that they failed to disclose conflicts of interest in steering mutual fund clients in share classes that charged fees for marketing and distribution despite the clients being eligible to buy shares in fund classes without those additional charges, enabling the firms to collect approximately $2 million in extra fees.

Defendants:
Royal Alliance Associates, Inc., SagePoint Financial, Inc., FSC Securities Corporation
Sanction Amount:
$9,549,859
Violation
Financial Fraud
Key Docs
Official SEC press release
37.7949 -122.4

Burrill Capital Management, LLC, G. Steven Burrill, Victor A. Hebert, Esq., Helena C. Sen

Settlement of charges pertaining to alleged misappropriation of investor funds for personal expenses/lavish living, under the guise of "advanced" management fees. Scheme allegedly included misleading the investors in capital call letters about what the new money would be used for.

Defendants:
Burrill Capital Management, LLC
G. Steven Burrill, Victor A. Hebert, Esq., Helena C. Sen
Sanction Amount:
$6,060,000
Violation
Financial Fraud
Key Docs
Official SEC press release
41.8099 -88.1077

Navistar International Corporation

Settlement of allegations that Respondent misled investors by failing to fully disclose difficulties about a truck engine, including difficulties in obtaining EPA Clean Air Act certification and in development.

Defendants:
Navistar International Corporation
Sanction Amount:
$7,500,000
Violation
Financial Fraud
Key Docs
Official SEC press release
37.5385 -122.062

Logitech International, S.A., Michael Doktorczyk, Sherralyn Bolles

Settlement for allegedly fraudulently inflating Respondent company's fiscal year 2011 financial results to meet earnings guidance, and for committing other accounting-related violations during a five-year period. The individual Respondents were Finance executives for the company and allegedly involved in violations related to its warranty accrual accounting and failure to amortize intangibles from an earlier acquisition.

Defendants:
Logitech International, S.A.
Michael Doktorczyk, Sherralyn Bolles
Sanction Amount:
$7,575,000
Violation
Financial Fraud
Key Docs
Official SEC press release
0 0

Phil Mickelson

Voluntary disgorgement (as a relief defendant who was not charged with wrongdoing) of profits and interest allegedly realized by virtue of a tip from sports gambler, William “Billy” Walters, allegedly consisting of material nonpublic information about Dean Foods Company. Mickelson allegedly owed a gambling debt to Walters at the time of the tip, which the profits were used to repay.

Defendants:
Phil Mickelson
Sanction Amount:
$1,037,030
Violation
Trading and Pricing
Key Docs
Official SEC press release
40.7131 -74.0154

Merrill Lynch, Pierce, Fenner & Smith Incorporated, Merrill Lynch Professional Clearing Corporation

Respondents misused customer cash to finanance their own trading activity in violation of the Customer Protection Rule, which generally requires such funds to be deposited in a reserve account so that it is protected from creditors.

Defendants:
Merrill Lynch, Pierce, Fenner & Smith Incorporated, Merrill Lynch Professional Clearing Corporation
Sanction Amount:
$415,000,000
Violation
Trading and Pricing
Key Docs
Official SEC press release
40.7131 -74.0154

Merrill Lynch, Pierce, Fenner & Smith Incorporated

Settlement of allegations that Respondent was responsible for misleading statements in offering materials provided to retail investors for structured notes linked to a proprietary volatility index. Respondent allegedly failed to adequately disclose an additional cost of 1.5 percent of the index value each quarter known as the “execution factor.”

Defendants:
Merrill Lynch, Pierce, Fenner & Smith Incorporated
Sanction Amount:
$10,000,000
Violation
Financial Fraud
Key Docs
Official SEC press release
42.3472 -71.0778

State Street Bank and Trust Company

Part of a larger, global settlement for misleading mutual funds and other custody clients by applying hidden markups to foreign currency exchange trades.

Defendants:
State Street Bank and Trust Company
Sanction Amount:
$167,400,000
Violation
Financial Fraud
Key Docs
Official SEC press release
40.7638 -73.975

Apollo Management V, L.P., Apollo Management VI, L.P., Apollo Management VII, L.P., Apollo Commodities Management, L.P.

Settlement of charges against Respondents for allegedly misleading fund investors about future monitoring fees owed by the funds’ portfolio companies upon the sale or IPO of those companies, and about a loan agreement between the adviser’s affiliated general partner and five funds. Respondents also allegedly failed to supervise a senior partner who charged personal expenses to the funds.

Defendants:
Apollo Management V, L.P., Apollo Management VI, L.P., Apollo Management VII, L.P., Apollo Commodities Management, L.P.
Sanction Amount:
$52,754,552
Violation
Financial Fraud
Key Docs
Official SEC press release
40.7131 -74.0154

RBC Capital Markets, LLC

Settlement of allegations that Respondent caused materially false and misleading disclosures about its valuation analysis to be included in a proxy statement for Rural/Metro Corporation’s sale in 2011 to a private equity firm.

Defendants:
RBC Capital Markets, LLC
Sanction Amount:
$2,577,759
Violation
Financial Fraud
Key Docs
Official SEC press release
38.7214 -9.16178

Pharol SGPS, S.A. (f/k/a/ Portugal Telecom, SGPS, S.A.)

Settlement of allegations that Respondent, a Portuguese-based telecommunications company, failed to properly disclose the nature and extent of credit risk involved in its investments in debt instruments issued by companies of Portuguese conglomerate Grupo Espirito Santo.

Defendants:
Pharol SGPS, S.A. (f/k/a/ Portugal Telecom, SGPS, S.A.)
Sanction Amount:
$1,250,000
Violation
Financial Fraud
Key Docs
Official SEC press release
47.1953 8.52556

Weatherford International PLC (f/k/a Weatherford International Ltd.), James Hudgins, Darryl Kitay

Settlement of charges that earnings of Respondent company were inflated by $100 million to $154 million each year between 2007-2012 by fraudulently lowering year-end provisions for income taxes, so that the company could better align its earnings results with its earlier-announced projections and analysts’ expectations.

Defendants:
Weatherford International PLC (f/k/a Weatherford International Ltd.)
James Hudgins, Darryl Kitay
Sanction Amount:
$140,364,067
Violation
Financial Fraud
Key Docs
Official SEC press release
47.3699 8.53864

Credit Suisse AG

Respondent did not adhere to its publicly disclosed methodology for determining net new assets (NNA), a metric valued by investors in financial institutions to measure success in attracting new business.

Defendants:
Credit Suisse AG
Sanction Amount:
$90,000,000
Violation
Financial Fraud
Key Docs
Official SEC press release
40.7556 -73.9875

Ernst & Young LLP, Craig R. Fronckiewicz, Sarah E. Adams

Settlement for alleged failures in audits of client Weatherford International which, separately, was also heavily sanctioned. Its earnings were allegedly inflated by $100 million to $154 million each year between 2007-2012 by fraudulently lowering year-end provisions for income taxes.

Defendants:
Ernst & Young LLP
Craig R. Fronckiewicz, Sarah E. Adams
Sanction Amount:
$11,840,107
Violation
Financial Fraud
Key Docs
Official SEC press release
29.9359 -95.5127

FMC Technologies, Inc., Jeffrey Favret, Steven K. Croft

Settlement of charges that profits of Respondent company were overstated in one of its business segments to meet internal targets. Individual Respondents are former executives who were allegedly responsible for the overstatement, which was in the amount of $800,000 pre-tax operating profits .

Defendants:
FMC Technologies, Inc.
Jeffrey Favret, Steven K. Croft
Sanction Amount:
$2,530,000
Violation
Financial Fraud
Key Docs
Official SEC press release
32.0641 34.7625

EZTD Inc.

Settlement of allegations that Respondent misled investors into trading binary options through its online trading platforms, without disclosing the significant risk involved in such investments.

Defendants:
EZTD Inc.
Sanction Amount:
$1,715,858
Violation
Offering Fraud
Key Docs
Official SEC press release
33.6204 -117.874

Pacific Investment Management Company LLC

Settlement of charges that Respondent misled investors about the performance of its Total Return ETF and failed to accurately value certain fund securities.

Defendants:
Pacific Investment Management Company LLC
Sanction Amount:
$19,829,808
Violation
Financial Fraud
Key Docs
Official SEC press release
40.7062 -74.0083

Deutsche Bank Securities Inc.

Respondent failed to route customer orders to dark pools in accordance with representations. Respondent claimed to be using ongoing data analysis to rank the dark pools best suited for customer orders when in reality its system failed to actually do this analysis.

Defendants:
Deutsche Bank Securities Inc.
Sanction Amount:
$18,500,000
Violation
Trading and Pricing
Key Docs
Official SEC press release
40.7604 -73.9857

Morgan Stanley & Co. LLC

Settlement of charges that Respondent used trades involving customer funds to lower its borrowing costs in violation of the SEC’s Customer Protection Rule, such that Respondent's reserve account requirements were not legitimately met and customer funds were at risk.

Defendants:
Morgan Stanley & Co. LLC
Sanction Amount:
$7,500,000
Violation
Trading and Pricing
Key Docs
Official SEC press release
42.2425 -85.5562

Stryker Corporation

Michigan-based medical technology company was charged with violating the FCPA for paying bribes of approximately $2.2 million to doctors and other government officials in Mexico, Poland, Romania, Argentina and Greece to obtain or retain business and make $7.5 million in illicit profits.

Defendants:
Stryker Corporation
Sanction Amount:
$13,283,523
Violation
Foreign Corrupt Practices Act
Key Docs
Official SEC press release
40.7596 -73.9728

Alcoa Inc.

Respondent, a global aluminum producer, was charged with violating the FCPA based on allegations that its subsidiaries repeatedly paid bribes to government officials in Bahrain to maintain a key source of business.

Defendants:
Alcoa Inc.
Sanction Amount:
$175,000,000
Violation
Foreign Corrupt Practices Act
Key Docs
Official SEC press release
37.4117 -122.149

Hewlett-Packard Company

Respondent was charged with violating the FCPA based on allegations that its subsidiaries paid bribes in a total amount of approximately $4 million to government officials in Russia, Poland and Mexico to obtain or retain lucrative public contracts.

Defendants:
Hewlett-Packard Company
Sanction Amount:
$34,000,000
Violation
Foreign Corrupt Practices Act
Key Docs
Official SEC press release
42.1379 -72.5509

Smith & Wesson Holding Corporation

Settlement of allegations that employees and representatives of Respondent’s U.S.-based parent company authorized and made improper payments to foreign officials in Pakistan, Indonesia and other foreign countries while trying to win contracts to supply firearm products to military and law enforcement overseas.

Defendants:
Smith & Wesson Holding Corporation
Sanction Amount:
$2,034,892
Violation
Foreign Corrupt Practices Act
Key Docs
Official SEC press release
30.172 -95.4703

Layne Christensen Company

Settlement of allegations that Respondent, a global water management, construction, and drilling company, made improper payments to foreign officials in Mali, Guinea, the Democratic Republic of Congo, Burkina Faso and Tanzania in order to obtain beneficial treatment and reduce its tax liability.

Defendants:
Layne Christensen Company
Sanction Amount:
$5,127,193
Violation
Foreign Corrupt Practices Act
Key Docs
Official SEC press release
38.0231 -122.28

Bio-Rad Laboratories, Inc.

Respondent was charged with making approximately $7.5 million in bribes to foreign officials in order to win business in Russia, Vietnam, and Thailand during a five-year period, and for improperly recording the bribes in books and records as legitimate expenses like commissions, advertising, and training fees. The bribes were found to have generated $35 million in illicit profits.

Defendants:
Bio-Rad Laboratories, Inc.
Sanction Amount:
$40,700,000
Violation
Foreign Corrupt Practices Act
Key Docs
Official SEC press release
42.527 -71.266

Bruker Corporation

Settlement of allegations that Respondent provided non-business related travel and improper payments to various Chinese government officials in an effort to win business. The SEC found that approximately $230,000 in improper payments were made, allowing Respondent to realize approximately $1.7 million in illicit profits.

Defendants:
Bruker Corporation
Sanction Amount:
$2,399,969
Violation
Foreign Corrupt Practices Act
Key Docs
Official SEC press release
27.9517 -82.5331

The PBSJ Corporation

Sanction pursuant to a deferred prosecution agreement. The SEC found that the engineering and construction firm had offered and authorized bribes and employment to foreign officials to secure Qatari government contracts.

Defendants:
The PBSJ Corporation
Sanction Amount:
$3,407,875
Violation
Foreign Corrupt Practices Act
Key Docs
Official SEC press release
41.059 -81.4769

The Goodyear Tire & Rubber Company

Settlement of allegations that Respondent failed to prevent or detect more than $3.2 million in bribes paid by subsidiaries to land tire sales in Kenya and Angola during a four-year period. The bribes were also allegedly falsely recorded as legitimate business expenses in the books and records of the subsidiaries, which were consolidated into Respondent's books and records.

Defendants:
The Goodyear Tire & Rubber Company
Sanction Amount:
$16,228,065
Violation
Foreign Corrupt Practices Act
Key Docs
Official SEC press release
45.3198 -122.765

FLIR Systems, Inc.

Settlement of charges of FCPA violations for financing what an employee termed a “world tour” of personal travel for government officials in the Middle East who played key roles in decisions to purchase Respondent’s products. The SEC found that more than $7 million in profits resulted from sales influenced by the improper travel and gifts.

Defendants:
FLIR Systems, Inc.
Sanction Amount:
$9,504,584
Violation
Foreign Corrupt Practices Act
Key Docs
Official SEC press release
-37.8153 144.968

BHP Billiton Ltd. and BHP Billiton Plc

Settlement of charges that Respondents failed to devise and maintain sufficient internal controls over a global hospitality program connected to a sponsorship of the 2008 Summer Olympic Games in Beijing. Respondents paid for some 60 foreign officials, primarily from countries in Africa and Asia, plus spouses and other guests to attend the games and enjoy three- or four-day hospitality packages valued at $12,000 to $16,000 per package.

Defendants:
BHP Billiton Ltd. and BHP Billiton Plc
Sanction Amount:
$25,000,000
Violation
Foreign Corrupt Practices Act
Key Docs
Official SEC press release
42.1047 -87.8225

Mead Johnson Nutrition Company

Settlement of charges that Respondent's Chinese subsidiary made improper payments to health care professionals at government-owned hospitals to recommend the company’s infant formula to patients who were new or expectant mothers.

Defendants:
Mead Johnson Nutrition Company
Sanction Amount:
$12,030,000
Violation
Foreign Corrupt Practices Act
Key Docs
Official SEC press release
40.712 -74.0153

The Bank of New York Mellon Corporation

Settlement of charges that Respondent violated the FCPA by providing valuable student internships to family members of foreign government officials affiliated with a Middle Eastern sovereign wealth fund.

Defendants:
The Bank of New York Mellon Corporation
Sanction Amount:
$14,800,000
Violation
Foreign Corrupt Practices Act
Key Docs
Official SEC press release
40.7579 -73.9722

Bristol-Myers Squibb Company

Settlement of charges that Respondent's majority-owned joint venture in China made cash payments and provided other benefits to health care providers at state-owned and state-controlled hospitals in exchange for prescription sales, leading to profits in excess of $11 million.

Defendants:
Bristol-Myers Squibb Company
Sanction Amount:
$14,692,000
Violation
Foreign Corrupt Practices Act
Key Docs
Official SEC press release
49.2958 8.63597

SAP SE

Respondent was charged with violations of the FCPA for paying $145,000 in bribes to a senior Panamanian government official and offer bribes to two others in exchange for lucrative sales contracts.

Defendants:
SAP SE
Sanction Amount:
$3,888,896
Violation
Foreign Corrupt Practices Act
Key Docs
Official SEC press release
37.5582 -122.276

SciClone Pharmaceuticals

Settlement of charges that SciClone Pharmaceuticals violated the FCPA when international subsidiaries increased sales by making improper payments to health care professionals employed at state health institutions in China.

Defendants:
SciClone Pharmaceuticals
Sanction Amount:
$12,826,000
Violation
Foreign Corrupt Practices Act
Key Docs
Official SEC press release
42.2953 -71.2145

PTC Inc.

Respondent was charged with FCPA violations for providing non business-related travel and other improper payments to various employees of government-owned customers in China in efforts to win or retain business, with the improper payments disguised as legitimate commissions or business expenses in the company's books and records.

Defendants:
PTC Inc.
Sanction Amount:
$13,622,000
Violation
Foreign Corrupt Practices Act
Key Docs
Official SEC press release
52.3373 4.87009

VimpelCom Ltd.

Part of a larger, global settlement; the SEC found that VimpelCom offered and paid at least $114 million in bribes that were hidden in the company’s books and records to an Uzbek government official related to the President of Uzbekistan as the company entered the Uzbek telecommunications market and sought government-issued licenses, frequencies, channels, and number blocks. $2.5 billion in resulting revenues.

Defendants:
VimpelCom Ltd.
Sanction Amount:
$167,500,000
Violation
Foreign Corrupt Practices Act
Key Docs
Official SEC press release
32.896 -117.196

Qualcomm Incorporated

Settlement of allegations that Respondent hired relatives of Chinese gov