Monthly Archives: May 2012

SEC Charges Recidivist in $35 Million International Boileroom Scheme

SEC v. Nicholas Louis Geranio, et al., Case No. CV-12-4257-DMG (JCx) (C. D. Cal.).  On May 16, 2012, the SEC announced that it filed an action against SEC recidivist Nicholas Louis Geranio, Keith Michael Field, The Good One, Inc. and … Continue reading

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U.S District Court in South Carolina Orders $7.5 Million in Penalties, Restitution and Disgorgement in Forex Ponzi Scheme

In U.S. Commodity Futures Trading Commission v. Ronald E. Satterfield et al., Case No. 2:10-CV-2893-RMG, the CFTC obtained two consent orders of permanent from the U.S. District Court for the District of South Carolina.  One order requires Ronald E. Satterfield … Continue reading

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SEC Settles Regulation FD Case Against Former CEO of Presstek, Inc. for $50,000 Civil Monetary Penalty

EC v. Presstek, Inc. and Edward J. Marino, Case No. 1:10-cv-10406 (D. Mass.).  On May 15, 2012, the SEC announced that Edward J. Marino agreed to settle the SEC’s charges that he aided and abetted Presstek’s violations of Section 13(a) … Continue reading

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CFTC Orders $850,000 in Penalties and Restitution in Forex Fraud Case

This week, the U.S. Commodity Futures Trading Commission filed and simultaneously settled charges against Alexandre P. Guimaraes and his company, ACI Capital Group, L.L.C. for fraudulently soliciting customers to trade off-exchange foreign currency contracts (“forex”).  According to the Order Instituting … Continue reading

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SEC Files Litigated Action Against China Natural Gas, Inc. and Its Chairman and Former CEO

SEC v. China Natural Gas, Inc. and Qinan Ji, Case No. 12-cv-3824 (PGG).  The SEC filed suit on May 14 in the U.S. District Court for the Southern District of New York against China-based China Natural Gas, Inc. and its … Continue reading

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