James Siniscalchi

Litigation Release No. 24463 / April 29, 2019 Securities and Exchange Commission v. James Siniscalchi, No. 19-CV-3792 (S.D.N.Y. filed April 29, 2019) The Securities and Exchange Commission today charged a New York City man with continuing a previously charged scheme, stealing millions of dollars from investors who were allegedly falsely promised their funds would be […]

James Siniscalchi

Litigation Release No. 24463 / April 29, 2019 Securities and Exchange Commission v. James Siniscalchi, No. 19-CV-3792 (S.D.N.Y. filed April 29, 2019) The Securities and Exchange Commission today charged a New York City man with continuing a previously charged scheme, stealing millions of dollars from investors who were allegedly falsely promised their funds would be […]

Investor Alert: Beware of Claims That the SEC Has Approved Offerings

The SEC’s Office of Investor Education and Advocacy is issuing this Investor Alert to warn investors of misrepresentations about SEC “approvals” of offerings. What is in an SEC Filing and What Does it Mean to File? Companies offering securities for sale, including through initial coin offerings (ICOs), are in some cases subject to filing requirements […]

FTC Returns Almost $515,000 to Consumers Who Bought Deceptively Marketed “Amniotic Stem Cell Therapy” Between 2014 and 2017

The Federal Trade Commission is mailing 270 checks totaling nearly $515,000 to consumers who paid for what the agency alleged was deceptively advertised “amniotic stem cell therapy” between 2014 and 2017. The average amount each consumer will receive is $1,907. According to the agency’s October 2018 complaint, Dr. Bryn Jarald Henderson, D.O. and the companies […]

One or More Unknown Traders in the Securities of Anadarko Petroleum Corp.

Litigation Release No. 24462 / April 29, 2019 Securities and Exchange Commission v. One or More Unknown Traders in the Securities of Anadarko Petroleum Corp., No. 1:19-cv-03785-GHW (S.D.N.Y. filed January 26, 2018) The Securities and Exchange Commission today announced the entry of an emergency court order freezing assets related to alleged insider trading that yielded […]

FTC and State of Ohio Sending Refund Checks to Tech Support Scam Victims

The Federal Trade Commission, along with its co-plaintiff the state of Ohio, is sending refund checks totaling more than $92,000 to victims of a tech support scam that tricked people into believing their computers were infected with viruses and malware, and then charged them hundreds of dollars for unnecessary repairs. The refunds stem from a […]

U.S. Officials Participate in Bilateral Meetings with Officials from Japan and South Korea

Leaders of the antitrust agencies of the United States participated this past week in bilateral meetings in Tokyo, Japan and Seoul, Korea. Commissioner Christine S. Wilson of the U.S. Federal Trade Commission, together with Deputy Assistant Attorneys General Roger Alford and Richard Powers of the U.S. Department of Justice, participated in high-level meetings with Chairman […]

Christopher D. Dougherty, et al.

On April 26, 2019, the Securities and Exchange Commission charged Christopher D. Dougherty and several entities he controlled, with operating a Ponzi scheme that defrauded his investment advisory clients out of $7 million. The San Diego District Attorney’s Office separately announced criminal charges related to the same conduct. The SEC alleges that Dougherty provided investment […]

Celadon Group, Inc.

The Securities and Exchange Commission today charged Indianapolis-based Celadon Group Inc. with an accounting fraud that allowed the truckload freight company to avoid disclosing substantial losses and misrepresent its financial condition. In a complaint filed in federal court in Indianapolis, the SEC charged that between mid-2016 and April 2017, Celadon avoided recognizing at least $20 […]