If you have been the victim of microcap fraud, there is a wealth of help available to you.  The Securities and Exchange Commission works closely with the FBI, U. S. Attorneys, and other criminal prosecution authorities to prosecute securities fraud and recover losses for you. Microcap stocks are low-priced stocks, issued by small companies, including…

Combating Pyramid Schemes and Affinity Frauds Opening Remarks Andrew Ceresney, Director, Division of Enforcement Chicago, IL March 2, 2016 Good morning everyone. Thank you, Dr. Poser, for the warm welcome. It’s my privilege to be here taking part in today’s symposium on the very important topic of affinity fraud and how we can protect our…

In case you are wondering whether to bribe government officials to get government contracts, the answer is almost always “no.”  The Foreign Corrupt Practices Act (“FCPA”) makes it unlawful for U.S. businesses and individuals (and foreign private issuers) to make payments to foreign government officials to assist in obtaining or retaining business. Specifically, the anti-bribery…

This story broke about Martin Shkreli in the New York Times recently.  If you remember, Shkreli bought certain pharmaceutical products and then raised the price astronomically. This is the same guy who ticked off the rap community when he bought the most expensive rap album ever made, which was the famous concept-art Wu Tang Album “Once…

Ascenergy first crowdfunding investment fraud complaint. News broke today through Crowdfund Insider, about the SEC’s crowdfunding investment fraud complaint against Ascenergy, an oil and gas company that raised $5 million through 90 crowdfund investors. In late October, the SEC accused Ascenergy of crowdfunding investment fraud, specifically that: “Ascenergy has raised at least approximately $5 million…