Machine Learning Startup Was a Sham, Says SEC
Founder Shaukat Shamim "drummed up interest in [YouPlus] by providing false information about its financial performance and customer base."
Securities Fraud Class Actions Spike Again
Cases filed since the beginning of 2017 represent more than 20% of all such cases filed since 1997.
Ex-Playgirl Owner Accused of $287M Fraud
Carl Ruderman allegedly used a substantial amount of the funds raised for a cash-advance business to support his own lavish lifestyle.
Ex-Healthcare CFO Accused of $309M Fraud
Sotirios “Sam” Zaharis and two other former Constellation Healthcare execs allegedly duped investor Chinh Chu into acquiring the company for $309 million.
SEC Says Centra Tech ICO Was a $32M Fraud
The startup's co-founders spun a "web of lies" to deceive investors into participating in its initial coin offering, according to an SEC lawsuit.
Lawyer Accused of Shell Company Stock Fraud
David Lubin allegedly participated in a scheme that realized $34 million in illicit proceeds from the sale of shares in a company he co-founded.
Man Accused of Making Phony Bid for Fitbit
Robert Murray allegedly gamed the SEC's EDGAR system to submit a tender offer for the company, enabling him to manipulate Fitbit's stock price.
Ex-Dewey & Leboeuf CFO Convicted of Fraud
Joel Sanders was accused of plotting to conceal the New York law firm's losses before it went bankrupt in 2012.
Pot Entrepreneur Fined $12M in Fraud Case
Vincent Mehdizadeh allegedly used the proceeds from illegal stock sales to inflate the revenue of his marijuana vending machine company.
808 Renewable Energy CEO Charged With Fraud
Patrick Carter allegedly misappropriated about half of the more than $30 million that his firm raised from investors between 2009 and 2014.
Promoter Accused of $2M Shell Company Scam
The SEC says Sheldon Rose sold more than a dozen blank check companies disguised as promising startups to investors.