Fraudster - Securities l Corporate l Business Law

SEC Charges Niket Shah and Spark Trading for Targeting Retail Investors

On March 23rd the Securities and Exchange Commission announced charges and a preliminary injunction and asset freeze against Niket Shah, a New Jersey resident who it alleges stole more than $250,000 in a Ponzi scheme in which his… Read More

Court Finds Wayne Palmer Guilty in Ponzi Scheme

The Securities and Exchange Commission (SEC) won a case involving a Ponzi scheme. According to the SEC Wayne Palmer and his company National Note of Utah. The SEC filed fraud charges against them in June 2012 in connection with the Ponzi… Read More

SEC Announces Emergency Halt on Fraudster’s Operations

On December 1, 2015 the Securities and Exchange Commission (SEC) announced the entry of a Consent Order (“Order”) halting an alleged ongoing investment fraud by James Torchia and various related entities involving the sale of promissory notes and… Read More

Court Reaches Final Judgement of Disgorgement and Civil Penalties Against Stock Fraudsters

The Securities and Exchange Commission (SEC) announced on October 26, 2015 that on October 23, 2015, the United States District Court for the Eastern District of New York entered a final judgment against two fraudsters, Joseph Catapano and… Read More