TMX Group Limited and its affiliates do not endorse or recommend any securities issued by any companies identified on, or linked through, this site. Please seek professional advice to evaluate specific securities or other content on this site. All content (including any links to third party sites) is provided for informational purposes only (and not […]
Monthly Archives: February 2019
Anthony J. Thompson, Jr., et al.
Litigation Release No. 24389 / February 1, 2019 Securities and Exchange Commission v. Anthony J. Thompson, Jr., et al., No. 14-cv-09126 (ALC) (S.D.N.Y. filed Nov. 21, 2014) On November 28, 2018, the Securities and Exchange Commission obtained a judgment against a penny stock promoter in connection with multiple pump-and-dump schemes. On November 17, 2014, the […]
Alexander C. Burns, et al.
Litigation Release No. 24388 / February 1, 2019 Securities and Exchange Commission v. Alexander C. Burns, et al., No. 18-cv-09477 (LGS) (S.D.N.Y. filed Oct. 16, 2018) On January 11, 2019, the U.S. District Court for the Southern District of New York entered a judgment against Andrew B. Scherr, the co-owner of Southport Lane Management, LLC, […]
FTC Wins Key Ruling Allowing Agency to Continue Efforts to Hold Operator of Deceptive Computer Financing Scheme Accountable
At the request of the Federal Trade Commission, a federal bankruptcy court ruled that the operator of a computer-financing scheme cannot use a bankruptcy filing to shield himself from complying with a contempt order requiring him to pay $13.4 million for violating a 2008 FTC order. A federal court in 2016 found BlueHippo Funding LLC, BlueHippo […]
FTC Returns More Than $6 Million to Consumers Who Bought Deceptively Marketed Health Products from Tarr, Inc.
The Federal Trade Commission is mailing 227,995 checks totaling more than $6 million to consumers who purchased health products from three individuals and the 19 companies they controlled—collectively known as Tarr, Inc. Affected consumers will receive their refund checks, which average $26.57, soon. According to the FTC’s complaint, filed in November 2017, Tarr, Inc. used […]