Securities Industry Commentator by Bill Singer Esq WEEK IN REVIEW

November 23, 2019

A digital bank that raised $110 million from investors including Leonardo DiCaprio has run into trouble ( by Hugh Son)

Cybercriminal Charged With Unauthorized Computer Intrusion, Wire Fraud, Securities Fraud And Other Crimes / Defendant, Extradited from Ukraine, Allegedly Engaged in an Eight-Year Campaign of Cybercrime (DOJ Release)

Russian Hacker Who Used NeverQuest Malware To Steal Money From Victims' Bank Accounts Sentenced In Manhattan Federal Court To Four Years In Prison (DOJ Release)

Former Partner Of Locke Lord LLP Convicted In Manhattan Federal Court Of Conspiracy To Commit Money Laundering And Bank Fraud In Connection With Scheme To Launder $400 Million Of OneCoin Fraud Proceeds (DOJ Release)

Korean National Sentenced To 10 Years In Prison For Role In Foreign Exchange Trading Scam More than 400 investors lost more than $60 Million (DOJ Release)

Bank Insider And Two Others Arrested In Bank Bribery And Money Laundering Conspiracy (DOJ Release)

Two Delaware County Men Charged In $21 Million Insurance Financing Fraud Scheme (DOJ Release)

SEC Obtains Final Judgment Against Former S.A.C. Capital Portfolio Manager (SEC Release)

SEC Obtains Final Judgment in Stock Manipulation Scheme (SEC Release)

FINRA Fines and Suspends Former Royal Alliance Rep Over Customer Impersonations. In the Matter of Harold A. Schwartz, Respondent (FINRA AWC)

Former Trader for Major Multinational Bank Convicted for Price Fixing and Bid Rigging in FX Market (DOJ Release)

Former Beaufort Securities Investment Manager Pleads Guilty to Conspiracies to Commit Securities Fraud and to Defraud the United States by Failing to Comply With Foreign Account Tax Compliance Act (DOJ Release)

10 Defendants Charged In Manhattan Federal Court With Running Nationwide Telemarketing Fraud Scheme Targeting The Elderly / Defendants Allegedly Created and Used "Money Sucking Website" to Identify Vulnerable Victims Whom They Then Targeted and Victimized (DOJ Release)

[In]Securities: Who'll Be Watching Whom? by Aegis Frumento Esq ( Blog)

CEO Of Security Company Charged With Multimillion-Dollar Stock And Carbon Credit Fraud (DOJ Release)

Former CEO of Braskem Indicted for His Role in Bribery Scheme / Approximately $250 Million Allegedly Diverted from Braskem Through a Secret Slush Fund to Pay Bribes to Government Officials and Political Parties in Brazil (DOJ Release)

FINRA Censure and Fines NYLIFE over Higher-Risk Mutual Funds' Suitability Supervision. In the Matter of NYLIFE Securities LLC, Respondent (FINRA AWC)

FINRA Suspends MML Investors' Rep Over Outside Business Activity and Untimely Rule 8210 Responses. In the Matter of Alexander G. Lycouris, Respondent (FINRA AWC)

SEC Whistleblower Program: Three Persons Deemed One Claimant and the 8/10ths of a Human Being ( Blog)

Husband And Wife Admit Ponzi Scheme Relating To Hedge Fund Investments In Foreign Currencies (DOJ Release)

Brooklyn Businessman Sentenced to 18 Months' Imprisonment for Defrauding Investors in Cryptocurrency Initial Coin Offerings (DOJ Release)

Alleged Cryptocurrency Fraudster Extradited From Thailand To Face Charges In Multi-Million Dollar Investment Scheme / Roger Karlsson allegedly defrauded more than 3,500 victims of more than $11 million (DOJ Release)

Raymond James' Rep Hit with TRO In JP Morgan Case.J.P. Morgan Securities LLC, Plaintiff, v. Erik W. Weiss, Defendant (Order on Plaintiff's Motion for Temporary Restraining Order, United States District Court for the Southern District of Indiana, 19-CV-04163) 

FINRA Fines and Suspends Rep For Restaurant Business. In the Matter of Michael Jason Collins, Respondent (FINRA AWC)

FINRA Bars Merrill Lynch Registered Senior Client Associate For Conversion. In the Matter of Julie Ann Mineard, Respondent (FINRA AWC)