All articles tagged with #securities fraud
A Montgomery County jury found Janey Sears guilty of theft scheme over $100,000, securities fraud, and misappropriation of funds by a fiduciary after she manipulated a Silver Spring man into a $400,000 investment scheme, used the money for personal expenses (including a car) and casino gambling, and moved into his home; sentencing is set for Aug. 28, 2026, with a potential penalty of up to 23 years in prison.
North Carolina resident Charles Cole was indicted in the Southern District of New York on wire fraud, conspiracy to commit wire fraud, and conspiracy to commit securities fraud for allegedly obtaining at least 239 million Infinite Reality (Napster) shares through fake bank records, sham correspondence, and a counterfeit bank website, then using those shares to secure loans while never paying for them.
President Donald Trump pardoned former Indiana Representative Stephen Buyer, who was convicted in 2023 on four counts of securities fraud for insider trading related to the T-Mobile-Sprint merger. The unconditional pardon came on the recommendation of 52 current and former lawmakers, and Buyer — a former Army judge advocate general and longtime politician-turned-consultant — had been sentenced to 22 months in prison for trades involving Sprint and Navigant (now Guidehouse) stock.
The Supreme Court unanimously upheld the SEC’s broad power to disgorge ill‑gotten gains in securities fraud, ruling that the agency need not prove that individual investors lost money—only that the offender profited and that investors may be victims eligible for compensation. The decision, tied to a case involving penny-stock pump‑and‑dump schemes, allows the SEC to order more than $3 million (including interest) returned to investors, reinforcing federal enforcement of fraud.”
The Supreme Court upheld a broad reading of the SEC’s authority to disgorge ill-gotten gains in securities fraud cases, reinforcing the agency’s power to recoup profits for investors.
A jury found short-seller Andrew Left guilty of securities fraud, potentially facing prison time when sentenced, a verdict that compounds a years-long retreat of activist short-selling amid soaring stocks, meme trading, and rising regulatory scrutiny; experts say the ruling may spur tougher disclosures and caution among shorts and could impact market efficiency and price discovery.
A federal jury in Los Angeles convicted activist short seller Andrew Left of securities fraud for a long-running market manipulation scheme that earned more than $21 million. Left used public posts, social media and preplanned trading to move stock prices, presenting himself as independent while exploiting positions to profit from the price moves. He faces sentencing on August 31 and up to 25 years in prison. The investigation involved the USPIS and FBI, with FINRA assisting.
Nicolo Nourafchan, a former mergers-and-acquisitions attorney who worked at Sidley Austin, Latham & Watkins, and Goodwin Procter, pleaded not guilty in a Boston federal court to leading a decade-long insider-trading scheme prosecutors say netted tens of millions by siphoning confidential information on roughly 30 deals and passing tips to traders and go-betweens. He’s joined by 14 other charged defendants, including his brother Lorenzo Nourafchan and co‑conspirator Robert Yadgarov; several others have pleaded guilty. Prosecutors say participants used disposable phones, encrypted messaging, face‑to‑face meetings, and coded language (e.g., before Amazon’s 2022 iRobot deal). The SEC has a parallel civil suit against 21 defendants. A conviction on the gravest counts carries up to 25 years in prison.
A federal grand jury convicted Andrew Left, founder of Citron Research and a prominent short-seller, of one count of participating in a securities-fraud scheme and 12 counts of securities fraud, related to his practice of posting sensational stock commentary to profit from price moves; sentencing is set for August 31, with a maximum penalty of 25 years in prison.
A grand jury convicted Andrew Left, the founder of Citron Research and a prominent short-seller, in a broad securities-fraud case, marking a major DOJ victory against market manipulation and deceptive practices in the financial markets.
A U.S. jury convicted Andrew Left, founder of Citron Research, of securities fraud and related counts after a trial alleging he manipulated markets and misled investors for profit; he was found guilty on a securities-fraud scheme and 12 of 16 counts, acquitted on four, and faces sentencing on August 31 as he vows to appeal.
Famed short-seller Andrew Left was found guilty on 13 of 17 counts in Los Angeles for running a securities-fraud scheme tied to explosive tweets and reports intended to move stock prices, with prosecutors saying he earned over $20 million from 2018–2023. He faces decades in prison at an August sentencing and has indicated an appeal; the verdict is seen as a potential chilling effect on aggressive short-selling practices.
Activist short-seller Andrew Left, founder of Citron Research, was found guilty on 13 counts of securities fraud in a U.S. trial, accused of profiting from a long-running market manipulation scheme by taking stock positions, publicly commenting to move prices, and then exiting, while concealing his own trading. He was acquitted on four counts and faces sentencing on August 31. The case could influence how influencer commentary on stocks is treated under securities laws and affect retail-investing discourse.
Famed short-seller Andrew Left was found guilty on 13 of 17 counts for using social-media posts to influence stocks, with prosecutors alleging he earned more than $20 million from related trades; Left testified in his defense, but jurors convicted him of running a securities-fraud scheme and acquitted on several counts, with sentencing set for Aug. 31 and Left to remain free until then. Analysts say the verdict could chill short-sellers by raising the risk of federal charges over public commentary and rapid trading around it.
A federal judge berated Andrew Left for being absent during jury deliberations in his securities-fraud trial, warning she would hold him in custody if it happens again; Left arrived late after jurors requested a read-back of testimony, and the judge ordered him to stay in the courthouse while deliberations continue.