SEC
Whistleblower
Attorneys

July 17, 2019

Zev Saltsman, Menachem Eitan, Martin E. Weisberg, Edward G. Newman, Steven A. Newman, Andrew Brown

Trading and Pricing

SANCTION AMOUNT: $5,929,100

Defendants: Zev Saltsman, Menachem Eitan, Martin E. Weisberg, Edward G. Newman, Steven A. Newman, Andrew Brown

Combined sanction as against three Defendants (S. Newman, Eitan and Saltsman). (The litigation was resolved as against five-of-six Defendants and continuing against the remaining Defendant, Brown, at the time of this writing.) The SEC charged Defendants with participation in a fraudulent scheme involving two public companies - Xybernaut Corporation and Ramp Corporation - the object of which was to secretly purchase controlling blocks of the companies' stock and profit by executing short sales and covering with new, unregistered shares.

Named one of the top whistleblower practices/attorneys in the country by The New York Times, Wall Street Journal and NPR
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