Tag Archives: Market Manipulation

CFTC Settles Libor Case against Rabobank for $475 Million

In the Matter of Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A., CFTC Docket  No. 14-02.  On October 29, 2013, the CFTC announced the filing of a Settled Order Instituting Proceedings against Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A. (“Rabobank” or the “Bank”) for the alleged false … Continue reading

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CFTC Closes Investigation of Silver Markets without Recommending Enforcement Actions

On September 25, 2013, the CFTC’s Division of Enforcement announced it has closed the investigation that was publicly confirmed in September 2008 concerning silver markets without recommending any charges.  Although the CFTC rarely comments on opening or closing investigations, the … Continue reading

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SEC Charges Cort Poyner and Mohammad Dolah with Market Manipulation

SEC v. Cort Poyner and Mohammad Dolah, Case No. CV 13-4331 (E.D.N.Y).  On August 6, 2013, the SEC announced fraud charges against Cort Poyner and Mohammad Dolah in connection with an alleged bribery scheme designed to manipulate the market for … Continue reading

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SEC Suspends Trading of 61 Companies

In the Matter of 3CI Complete Compliance Corp. et al.  On June 3, 2013, the SEC announced it had suspended trading in the securities of 61 empty shell companies that are delinquent in their public filings.  The list of companies … Continue reading

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SEC Charges Robert Crane with Market Manipulation of Penny Stocks

SEC v. Robert Crane, Case No. 1:13-cv-00261 CMH (E.D. Va.).  On March 7, 2013, the SEC announced a settled fraud action against Robert Crane for manipulating the market for certain penny stocks.  The SEC alleges that Crane executed six wash … Continue reading

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SEC Charges Falcon Ridge Development and its CEO Fred Montano with Fraud in Market Manipulation Scheme

SEC v. Falcon Ridge Development, Inc., et al., Case No. 13-cv-1101 (E.D. Pa.).  On March 1, 2013, the SEC announced fraud charges against Falcon Ridge Development, Inc. (“Falcon Ridge”) and its President and CEO, Fred M. Montano.  The SEC alleges … Continue reading

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SEC Charges Jonathan Gilchrist with Stock Manipulation

SEC v. Jonathan C. Gilchrist, Case No 4:13-cv-00163 (S.D. Tex.).  On January 23, 2013, the SEC announced it filed charges against Jonathan C. Gilchrist for engaging in a stock manipulation scheme in violation of the registration and antifraud provisions of the … Continue reading

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SEC Charges Solar Company In Market Manipulation Case

SEC Sunrise Solar Corporation, Eddie D. Austin, Jr., and Carolyn Austin, Civil Action No. 5:12-cv-00918-OLG (W.D. Tx.).  On October 1, 2012, the SEC announced it had filed fraud charges against Sunrise Solar Corporation, its former CEO Eddie D. Austin, Jr., … Continue reading

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SEC Charges Jonathan Bryant, Thomas Kelly, Carl Duncan and 8000, Inc. In Market Manipulation Scam

SEC v. 8000, Inc., Jonathan E. Bryant, Thomas J. Kelly, and Carl N. Duncan, Esq., Case No. 12-CV-7261 (S.D.N.Y.).  On September 27, 2012, the SEC announced charges against 8000, Inc., Jonathan E. Bryant, Thomas J. Kelly, and Carl N. Duncan, … Continue reading

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SEC Charges Investment Adviser Anthony K. Welch With Fraud

SEC v. Anthony K. Welch, Case No. 1:12-cv-3034 (N.D. Ga.).  On August 31, 2012, the SEC charged former investment adviser Anthony Welch with fraud.  Welch issued a press releases and made other public statements that had false and misleading information … Continue reading

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