Securities Attorney - Securities & Going Public Lawyers

President of TelexFree James Merrill Pleads Guilty to Running Pyramid Scheme

On October 24, 2016, James M. Merrill, of Ashland, Massachusetts, the former president of TelexFree, Inc. and TelexFree, LLC, pled guilty to criminal charges related to his operating a pyramid scheme through TelexFree. On May 9, 2014, Merrill… Read More

Marc Broidy Charged with Defrauding Investors in 3 Separate Schemes

On October 27, 2016 the Securities and Exchange Commission (“SEC”) charged a Los-Angeles based investment advisory firm and its owner, Marc Broidy with fraudulently overbilling clients and stealing assets from their trusts to pay such personal expenses as his… Read More

Brazilian Airplane Manufacturer Embraer S.A. Charged with FCPA Violations

The Securities and Exchange Commission (“SEC”) announced a global settlement along with the U.S. Department of Justice and Brazilian authorities that requires aircraft manufacturer Embraer S.A. to pay more than $205 million to resolve alleged violations of the Foreign… Read More

Christopher Salis and Douglas and Edward Miller Charged with Insider Trading

A federal grand jury in the Northern District of Indiana has indicted Christopher Salis, Douglas Miller, and Edward Miller on charges relating to insider trading, money laundering, and structuring currency transactions. The 17-count indictment also charges Douglas Miller… Read More

Lime Energy Co. and Four Execs Charged with Accounting Fraud

On October 17, 2016 the Securities and Exchange Commission (“SEC”) charged Lime Energy Co., an energy services provider and four of its executives for their roles in an accounting fraud in which the company recognized revenue earlier than allowed… Read More

Court Enters Final Judgment Against Coleman Flaherty in CitySide Tickets Fraud

On October 4, 2016, the Honorable Nathaniel M. Gorton of the United States District Court for the District of Massachusetts entered final judgments by consent against Coleman Flaherty III and Thomas Brazil for their roles in defrauding investors… Read More

Court Enters Final Judgments Against Paul Downey and Two Others

On September 29, the Honorable Sam R. Cummings of the United States District Court for the Northern District of Texas entered final judgments against Defendants Paul Downey, Jeffry Downey, and John Leonard. The judgments followed summary-judgment rulings in… Read More

Louis Buonocore and 4 Others Charged for Operating a Fraudulent Penny Stock Scheme

On September 29, 2016, the Securities and Exchange Commission (“SEC”) charged five individuals for engaging in a fraudulent scheme to illegally profit by manipulating the market and price for the stock of Ecoland International, Inc. (now known as… Read More

Marcus Luna and Norell Walker Charged in Penny Stock Scam

On September 30, 2016 the Securities and Exchange Commission (“SEC”) charged an attorney and three others in California with defrauding investors out of $13.6 million in a penny stock pump-and-dump scheme. The SEC alleges that Marcus Luna and… Read More

Cannabis Company Infinex Ventures and CEO Ronald Salem Charged with Fraud

On September 30, 2016, the Securities and Exchange Commission (“SEC”) filed fraud charges against cannabis company Infinex Ventures, Inc. and its CEO Ronald Salem. According to the SEC’s complaint filed in the U.S. District Court for the District of Colorado,… Read More