Tag: SEC Miami Regional Office
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BULLETIN: In New ‘Advertising’ Ponzi-Scheme Takedown, SEC Points To YouTube Video Allegedly Used By Scammers To Drive Sales — And Feds File Criminal Charges
Updated 2:45 P.M. EDT (April 16, 2014) The SEC has sued the operators of an alleged Ponzi scheme in Florida — and federal prosecutors have filed criminal charges. In its announcement of the prosecution against Joseph Signore of West Palm Beach and Paul L. Schumack II of Pompano Beach, the SEC provided a link to…
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BULLETIN: Another Major Scam Rocks Florida: Claudio Eleazar Osorio Arrested By Feds, Sued By SEC; Miami Entrepreneur And Friend To Politicians Accused Of Stealing Millions From Investors
BULLETIN: Florida has served up another doozy — one that is an embarrassment to major figures in both major U.S. political parties. Claudio Eleazar Osorio, also known as Claudio Osorio Rodriguez, 54, was arrested by federal agents today, amid charges he scammed the U.S. government out of $10 million in the aftermath of the devastating…
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BULLETIN: Sunshine State Serves Up Another Bizarre One: Florida Securities Swindler Changed His Name — And Began Scamming Anew, SEC Says
BULLETIN: (UPDATED 1:31 P.M. JULY 25, 2013, TO CORRECT NAME.) The SEC has gone to federal court in the Southern District of Florida, alleging that a Boca Raton swindler formerly known as Joseph Yurkin changed his name to Joseph Hilton and began scamming anew. “By changing his name, Hilton thought he could evade further SEC…
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SEC Takes Down Another Ponzi, Agency Says; Ricardo Bonilla Rojas Faces Civil And Criminal Charges After Allegedly Aiming Puerto Rico-Based Scheme At Evangelical Christians And Factory Workers
The SEC has gone to federal court in Puerto Rico, alleging that Ricardo Bonilla Rojas was operating a $7 million Ponzi scheme targeted at evangelical Christians and factory workers. Victims in the case hail from Puerto Rico, Florida, New York, and North Carolina, the agency said. Rojas, 53, is a resident of Arecibo, Puerto Rico.…
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UNBELIEVABLE: Now, An ‘Astrology-Based Ponzi Scheme,’ SEC Says; ‘Trading Strategies Were Based On Lunar Cycles And . . . Gravitational Pull Between Earth And The Moon’
“Persaud preyed on people who trusted him by promising high and steady returns while hiding his unconventional trading strategy. When Persaud blatantly lied to investors and hid their losses through a Ponzi scheme, he should have known that an SEC enforcement action was in the stars.” — Eric I. Bustillo, director of the SEC’s Miami…
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BULLETIN: SEC Says St. Louis Man Went On ‘Spending Spree’ With Investors’ Money, Fleecing Them Of More Than $9 Million; Burton Douglas Morriss Charged With Fraud
BULLETIN: The SEC has gone to federal court in Missouri and obtained an emergency asset freeze in a case that alleges a St. Louis man who operated private investment funds misappropriated more than $9 million from investors. Charged in the civil case is Burton Douglas Morriss, 49, and four companies: MIC VII LLC, Acartha Technology…
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BULLETIN: SEC Says Stiefel Laboratories Inc. Lowballed Employees And Other Shareholders, Ripping Them Off In Alleged $110 Million Stock-Buyback Scheme
BULLETIN: The SEC has gone to federal court in the Southern District of Florida, alleging that Stiefel Laboratories Inc. was buying back stock from its employees and shareholders at “severely undervalued prices” and caused losses to its own people over a period of years to the tune of $110 million. The firm and former CEO…
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BULLETIN: FLORIDA — AGAIN (UPDATE): James Risher Ponzi Scheme Used Pitchman Who Targeted Teachers, Retirees, Church Members, Golfers, SEC Says; Risher Had 5 Prior Criminal Convictions; Pitchman Daniel Joseph Sebastian Now Charged Civilly
“[Y]ou invest in this fund and all of a sudden you start making more money than you’ve ever made in your life with your investors. And then all of a sudden you start making enough money where you don’t have to go to work . . . [a]t Safe Harbor, you could retire today, like…
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INCREDIBLE: Florida — Again: SEC Files Complaint Against Purported ‘Gold’ Mining Operation In Miami Known As Quri Resources And Its CEO, Jaime Santiago Gomez
BULLETIN: The SEC has gone to federal court in Florida to accuse Quri Resources Inc. and its Chief Executive Officer Jaime Santiago Gomez of operating a pump-and-dump scheme to drive up the price of Quri’s unregistered stock. It was the second major action in Florida today against companies and individuals who allegedly were running stock-fraud…