Nicholas Gelfman allegedly solicited investors with false claims that he would generate a 7% to 9% monthly return from a fund for trading Bitcoin.
Fraudsters could be using “the lure of new and emerging technologies to convince potential victims" to invest in companies that promote ICOs.
An APEX Analytix survey uncovers some weak spots in global accounts payable departments.
The SEC says the scheme revolved around an IT consultant who had access to a computer system that BofA used to track investment banking deals.
The SEC says two Tennessee men and an associate diverted investor funds for their own benefit, to pay salesmen and advertise for new investors.
The SEC filed charges against a Massachusetts businessman for misusing investment funds intended for two pharmaceutical development companies.
David Lubin allegedly participated in a scheme that realized $34 million in illicit proceeds from the sale of shares in a company he co-founded.
As of Friday, Renwick Haddow, who also founded a scam bitcoin platform, was on the run and considered a fugitive.
Former Penn West CFO Todd Takeyasu and two deputies improperly reduced operating expenses, SEC says.