Debra BorchardtJanuary 3, 2024
The lawsuit claims investors ponied up more than $1 million for the fraudulent scheme.
Tag: SEC
Debra BorchardtJanuary 3, 2024Debra BorchardtJuly 17, 2023
Fund manager Martin Sumichrast looks like he admitted his guilt in a fraud case while simultaneously claiming through his lawyers that the claims were outrageous, according to a report in Law360. The original case dates back to May 2022, when the SEC accused Sumichrast the former Chief Executive Officer of cbdMD (OTC: YCBD) of misappropriating […]
StaffJuly 12, 2023
The Daily Hit is a recap of the top financial news stories for July 12, 2023. On the Site Pump & Dumper David Ferraro Gets Final Judgment The U.S. Securities and Exchange Commission might finally be closing the book on the fraudulent team of Justin Costello and David Ferraro. On July 11, the agency received […]
Debra BorchardtJuly 12, 2023
Ferraro was ordered to pay more than $150,000 for the scheme.
Debra BorchardtJuly 10, 2023
DeFrancesco was also barred from serving as an officer or director of a public company.
Adam JacksonJune 20, 2023
A spokesperson for the company said that the offering is not a result of the SEC settlement.
StaffMay 23, 2023The Daily Hit is a recap of the top financial news stories for May 23, 2023. On the Site Brad Hoch Returns as CFO for TILT Holdings as Dana Arvidson Departs In the midst of a series of financial and operational shifts, Phoenix-based TILT Holdings Inc. (NEO: TILT) (OTCQX: TLLTF) announced a change in its […]
Adam JacksonMay 23, 2023A court date has been set for June 2, 2023.
Debra BorchardtMay 22, 2023Kauderer is accused of orchestrating the actual stock promotions.
Debra BorchardtApril 28, 2023They made $81 million in the pump and dump scheme.
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