<p><span>The Securities and Exchange Commission today charged Sung Kook (Bill) Hwang, the owner of family office Archegos Capital Management, LP (Archegos), with orchestrating a fraudulent scheme that resulted in billions of dollars in losses. The SEC also charged Archegos’s Chief Financial Officer, Patrick Halligan; head trader, William Tomita; and Chief Risk Officer, Scott Becker for their roles in the fraudulent scheme.</span></p>
Litigation Release No. 25049 / March 12, 2021
Securities and Exchange Commission v. Shamoon Omer Rafiq, a/k/a Shamoon Rafiq, Omer Rafiq, and Omar Rafiq, No. 21-civ-2168 (S.D.N.Y.) filed March 12, 2021
On March 12, 2021, the Securities and Exchange Commission charged Shamoon Omer Rafiq, a Dutch citizen residing in Singapore, with defrauding investors by offering to sell them approximately $9 million in fictitious securities.
According to the SEC s complaint, since July 2020, Rafiq sought to bilk several investors out of millions of dollars by offering to sell them securities purporting to represent Rafiq s ownership in a special purpose vehicle investment fund (the SPV Fund) that, Rafiq claimed, held pre-IPO shares of a well-known company. The complaint alleges that, as part of his fraudulent sales pitch, Rafiq falsely claimed that the SPV Fund was controlled by a well-known European investment firm run by a prominent family, and that Rafiq was a close associate of the firm and it
Litigation Release No. 24999 / December 30, 2020
, curities and Exchange Commission v. Joseph Taub, et al., 16 Civ. 09130 (D.N.J.) (filed December 12, 2016)
On December 28, 2020, the United States District Court for the District of New Jersey entered a final consent judgment against Joseph Taub, whom the SEC charged with orchestrating a market manipulation scheme.
The SEC s complaint, filed on December 12, 2016 and amended on April 26, 2018, alleged that Taub engaged in a fraudulent market manipulation scheme, utilizing dozens of securities accounts at several brokerage firms to create the false appearance of trading interest and activity in particular exchange-traded securities, thereby enabling him to purchase stocks at artificially low prices and then quickly sell them at artificially high prices for substantial profits. The complaint further alleged that Taub took steps to conceal the trading scheme and supervised the manipulative trading of a co-defendant. In a parallel cri
0 that legislation passed the house earlier today. it s expected to pass the senate later today. democrats say it s a, quote, absurd way to deal with the shutdown. to say we re going to pay people but they don t have to work to get paid is, it just doesn t make any sense. it s not fair to them or our country. let them work. be and we get this legislation from the house. for example, open the park service. the bill passed the house unanimously today. in a brief minute of bipartisanship here on capitol hill. house republicans say it helps to alleviate some of the pain of the shutdown as they say they ve been trying to do. such as the national institutes of health, the national parks and fema. well, that gives them, they say, time to negotiate more contentious issues like obama care. with all those bills from the house expected to die in the senate, president obama also has across the country, we re seeing state governors. they re also representatives from the republican national co
hand on your hip, other hand on your inner thigh, slowly go up, slide down. going to do that two times in the front and two times in the back. all right. screening, we make that available we can do not out here, but if you touch my junk i m going to have you arrested. john tyner caught world attention when he said heck no. many more people have been speaking out. why the outrage? this is way. take a look at these pictures with me. these are pictures from denverpost.com. they show really how these new pat-downs, what they look like. in ohio we learned authorities there are investigating allegations of sexual assault the against the tsa. john pistole says he is not backing down. what is the solution now? do we need more advanced scanners? perhaps privatization of airport security? homeland security correspondent jeanne meserve has this report. reporter: privacy has become a punch line. you know what tsa stands for? anybody know? touch someone s ass. that s what it