News

Francis Biller and Raymond Dove, ordered to pay after running a Medellin boiler room that promoted 18 penny stocks and generated $58 million in trading proceeds

Francis Biller’s Callers Spoofed US Numbers and Invented Advisory Firms to Sell 18 Penny Stocks

October 10, 2026

William Sarris and Joseph Endoso of Linqto, charged by the SEC over $430 million of pre-IPO SPV units sold to retail investors at marked-up prices

William Sarris and Joseph Endoso Faked Sold Out Notices to Create a Feeding Frenzy at Linqto

October 10, 2026

Jeremiah Silkowski of SQN Capital Management, barred by the SEC after inflating four funds’ net asset values, with a receiver appointed over about 1,917 investors

Jeremiah Silkowski Left Spreadsheet Cells Blank and Sent Investors the Inflated Result

Darren J. Caris of Caris Investment Partners, charged by the SEC with a cherry-picking scheme that took $158,458 while 16 clients lost $143,754

Darren Caris Told Clients He Chose to Leave the Broker That Caught Him

Himanshu Jindal, charged by the SEC with selling a fake audit report to Cyber Apps World Inc. for $2,500

Himanshu Jindal Charged $2,500 for a Fake Audit That Blessed $488,699 of Assets

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Robert Welsh and Caedrynn Conner, Vanguard Holdings Group Irrevocable Trust. $91 million was raised from more than 200 investors on a guaranteed monthly return of 3 to 6 percent from a trust with no revenue. Final judgments order $12.11 million against the two.

Robert Welsh and Caedrynn Conner Sold 6% a Month From a Trust With No Revenue

October 7, 2026

Gokce Guven, founder and former CEO of Kalder Inc. Her bookkeeper recorded $87,960 of revenue for the year to April 2024 while the investor deck reported $1.2 million in annual recurring revenue. She raised $6.7 million and pleaded guilty to securities fraud.

Gökçe Güven Used the Same False Numbers for Investors and Her Visa

October 7, 2026

Ken Leech, former co-chief investment officer of Western Asset Management. Prosecutors valued the cherry-picking scheme at $600 million. He consents to a $3 million penalty without admitting the allegations.

Ken Leech Pleaded Guilty to Lying About the Scheme, Not to the Scheme

October 7, 2026

Aaron Golbin of LvlUp Ventures. Forbes credits the photograph to Aaron Golbin; the takedown notice claims the firm owns it. Article published 22 September, removal demanded 30 September, notice to Google 5 October, URL restored after a counter-notice.

Aaron Golbin Demanded Removal, Was Ignored, Then Claimed the Photograph

October 7, 2026

Hands at a laptop, illustrating the GigaMedia software company investment case

Robert Bernardi Had Sunil Chandra Pose as a GigaTrust Customer for a $50,000 Bonus

October 5, 2026

Data infrastructure, illustrating the BitConnect digital asset lending program

Trevon Brown, Craig Grant and Michael Noble Owe $5.74M Over BitConnect

October 5, 2026

Blockchain network graphic, illustrating the fake AI crypto trading platforms

TSAI and Cryptoaiml Filed Fake SEC Forms and Used Them as Proof They Were Regulated

October 5, 2026

Resort bedroom, illustrating the timeshare loans at the centre of the case

Travel + Leisure Pays $975K for Hiding Why Its Loan Numbers Improved

October 7, 2026

Lamar Deante Fletcher of Fletchers Capital Group. He took about $4.25 million from roughly 100 investors for real estate and the SEC says no property was bought and $2 million went to paying earlier investors.

Lamar Fletcher Took $4.25M From 100 Investors for Property He Never Bought

October 7, 2026

Rhonda Stevenson and Timothy Alatorre of Above: Space Development Corporation. They raised $2.9 million from more than 1,400 crowdfunding investors toward a space station the company itself estimated would cost $4 to $6 billion.

Timothy Alatorre and Rhonda Stevenson Settle Over a $4 Billion Space Hotel

October 5, 2026