Day: June 9, 2011
-
OH, UTAH: SEC Alleges Business Executives Used Bogus Press Releases — And Disbarred Attorney — To Sanitize Precious Metals Fraud Scheme
BULLETIN: The SEC has gone to federal court in Utah to seek penalties against a precious metals company and associated firms and individuals, amid spectacular allegations that a PR firm sold the unregistered securities of its own corrupt penny-stock client and a disbarred attorney enabled the scam by issuing a bogus opinion letter. Utah has…
-
ATTORNEY GENERAL: ‘Staggering Volume Of Money Being Stolen Online . . . Has The Potential To Threaten . . . Security Of Our Nation . . . [And . . .] Integrity Of Our Government’
NOTE TO READERS: The headline of this news brief is excerpted from remarks made in Indiana today by U.S. Attorney General Eric Holder. Read Holder’s full remarks here. The attorney general was speaking at a summit on cybersecurity. His remarks may be the clearest sign yet that the United States is dialing up its efforts…
-
FTC: California Internet Marketer Duped Brits By Making Them Believe He Was Operating In United Kingdom; $500,000 Judgment Entered Against Jaivin Karnani And ‘Balls of Kryptonite’
UPDATED 12:15 P.M. ET (U.S.A., FEB. 6, 2012) An Internet Marketer based in Calfornia used domains with “co.uk” extensions and duped British customers into believing they were doing business with a firm based in the United Kingdom, the Federal Trade Commison said. The actions of Jaivin Karnani and his associated firms, including a company known…