Crowd Tech Ltd.: €230K Settlement
Public Notice by the Cyprus Securities and Exchange Commission that Crowd Tech Ltd. has agreed to pay €230,000 to settle a regulatory investigation.
Kim Kardashian: $1.26M Penalties (‘Crypto Promotion-Undisclosed Compensation’)
Administrative Order by the U.S. Securities and Exchange Commission imposing penalties totaling $1.26 million on Kimberly Kardashian, described as "a well-known media personality and businesswoman" for promoting "a crypto asset security" known as EthereumMax (EMAX) without disclosing that she received compensation of "approximately $250,000".
Coral Reef Technologies Ltd.: $55K Fine
Public Notice by the British Virgin Islands Financial Services Commission imposing a fine of $55,000 on Coral Reef Technologies Limited for "Carrying on unauthorized investment business services without the appropriate licence".
Quijano & Associates (BVI) Ltd.: $30K Fine
Public Notice by the British Virgin Islands Financial Services Commission that it has imposed a fine of $30,000 on Quijano & Associates (BVI) Limited for regulatory breaches.
CFTC v. Adam Todd et al: Complaint (‘Crypto Fraud’)
Complaint alleging fraud involving "an illegal digital asset derivatives trading platform" in Commodity Futures Trading Commission v. Adam Todd, Digitex LLC, of Saint Vincent and the Grenadines; Digitex Limited, of the Seychelles; Digitex Software Limited, of Ireland, and Blockster Holdings Limited, of Gibraltar, at the U.S. District Court for the Southern District of Florida.
Ontario Securities Commission v. Troy Hogg et al: Statement of Allegations (‘US$51M Crypto Fraud’)
Statement of Allegations alleging a US$51 million crypto-based investment fraud in the Ontario Securities Commission v. Troy Richard James Hogg, of Canada; Cryptobontix Inc., of Canada; Arbitrade Exchange Inc., of Canada; Arbitrade Ltd., of Bermuda; T.J.L. Property Management Inc., of Canada, and Gables Holdings Inc., of Canada, before the OSC's Capital Markets Tribunal.
SEC v. Arbitrade Ltd. et al: Complaint (‘$37M Crypto Fraud’)
Complaint alleging "a crypto asset pump-and-dump scheme" in U.S. Securities and Exchange Commission v. Arbitrade Ltd., of Bermuda; Cryptobontix Inc., of Canada; Troy R.J. Hogg, of Canada; James L. Goldberg, Stephen L. Braverman, and Max W. Barber, as Defendants, and SION Trading FZE, of the United Arab Emirates, as Relief Defendant, at the U.S. District Court for the Southern District of Florida.
SEC v. RBF Trust LLC et al: Complaint (‘$40M Fraud’)
Complaint alleging "an international web of unregistered, fraudulent securities offerings that have raised at least $40 million from more than 250 investors" in U.S. Securities and Exchange Commission v. RBF Trust LLC, of Florida; Paulo Fernando de Bastos, described as Florida-licensed real estate agent who is a citizen of France"; João Pedro Fonseca, a.k.a. João Pedro Fonseca de Bastos, described as a resident of France; RBF Trust LLC, of Michigan; D3 Gestion Immobilière LLC, of Florida, and D3 Gestion Immobilière LLC, of Michigan, at the U.S. District Court for the Southern District of Florida.
SEC v. The Hydrogen Technology Corporation et al: Complaint (‘$2.2M Crypto Fraud’)
Complaint alleging a scheme "to fraudulently manipulate the price and volume of Hydro tokens traded on crypto asset trading platforms so that Hydrogen could sell its own Hydro tokens at a greater profit" involving, inter alia, Moonwalkers Trading Limited, of South Africa, in U.S. Securities and Exchange Commission v. The Hydrogen Technology Corporation, Michael Ross Kane, and Tyler Ostern at the U.S. District Court for the Southern District of New York.
Fair Forex (V) Ltd.: Notice of Intention to Revoke License
Vanuatu Financial Services Commission's Notice of Intention of Revocation of the Financial Dealers License of Fair Forex (V) Ltd.
SEC v. Matthew Nicosia et al: Complaint (‘Penny Stock Fraud’)
Complaint alleging "fraudulent schemes to sell publicly traded stock to retail investors" involving "penny stocks" issued by Odyssey Group International, Inc., Scepter Holdings, Inc., and CannaPharmaRx, Inc. in U.S. Securities and Exchange Commission v. Matthew Nicosia, William 'Rocky' Reininger, Fabrizio Di Carlo, described as a citizen and resident of Canada, and Ronald Touchard at the U.S. District Court for the Eastern District of New York.
SRA v. Matthew Ledvina: Judgment (‘Attorney Strike Off’)
Judgment striking off Matthew Ledvina as a solicitor in England and Wales for "misconduct" and "dishonesty" in Solicitors Regulation Authority Ltd. v. Matthew Conway Ledvina at the Solicitors Disciplinary Tribunal.
Nexo Inc. et al: Statement of Charges (Washington State)
Statement of Charges in Washington State Department of Financial Institutions v. Nexo Inc., of the Cayman Islands; Nexo Capital Inc., of the Cayman Islands, and Antoni Trenchev, a citizen of Bulgaria.
Nexo Inc. et al: Cease and Desist Order (South Carolina)
Cease and Desist Order in the South Carolina Securities Commission v. Nexo Inc. and Nexo Capital Inc., both of the Cayman Islands.
Nexo Inc. et al: Cease and Desist Order (Maryland)
Cease and Desist Order in Maryland Securities Commission v. Nexo Inc., of the Cayman Islands; Nexo Capital Inc., of the Cayman Islands, and Antoni Trenchev, a citizen of Bulgaria.
Nexo Inc. et al: Cease and Desist Order (Oklahoma)
Cease and Desist Order by the Oklahoma Department of Securities against Nexo Financial LLC, of Delaware; Nexo Inc., of the Cayman Islands, and Nexo Capital Inc., of the Cayman Islands, which collectively operate a crypto lending platform.
Nexo Inc. et al: Cease and Refrain Oder (California)
Cease and Refrain Order by the California Department of Financial Protection and Innovation against Nexo Group, which "comprises business entities organized primarily in European countries and territories"; Nexo Inc., of the Cayman Islands, and Nexo Capital Inc., of the Cayman Islands, which collectively "a crypto platform that offers crypto interest accounts, self-directed and over-the-counter trade execution, and lending, borrowing, and exchange services".
SEC v. James Patten et al: Complaint
Complaint alleging securities fraud involving Makamer Holdings, Inc., formerly Hometown International, Inc., and EZRaider Co., formerly E-Waste Corporation, in U.S. Securities and Exchange Commission v. James T. Patten, Peter L. Coker, Sr., and Peter L. Coker, Jr., described as a resident of Hong Kong, at the U.S. District Court for the District of New Jersey.
SEC v. Jason Sugarman: Judicial Assistance (David Ezekiel, Mark Waddington & Valor Group Ltd.)
Order "issuing letters rogatory for International Judicial Assistance to the Supreme Court of Bermuda, requesting assistance to compel the production of documents and oral examinations for use at trial of David Ezekiel and Mark Waddington, and the production of documents from Valor Group, Ltd." for an enforcement action regarding Jason Sugarman's "fraudulent scheme to steal $43 million from unwitting pension funds to finance the acquisition of a global financial conglomerate of European and Bermuda insurers, and investment advisers based in Virginia and Connecticut" in U.S. Securities and Exchange Commission v. Jason Sugarman at the U.S. District Court for the Southern District of New York.
Nexo Inc. et al: Cease and Desist Order (Vermont)
Ex Parte Order to Cease and Desist by the State of Vermont Department of Financial Regulation in re. Nexo Inc., of the Cayman Islands; Nexo Capital Inc., of the Cayman Islands, and Nexo Financial LLC, a Delaware entity based in London, England, collectively described as "a financial services company that generates revenue by providing, deploying, and investing digital assets and virtual currencies".
Nexo Inc. et al: Cease and Desist Order (Kentucky)
Emergency Order to Cease and Desist Order in the Kentucky Department of Financial Institutions v. Kentucky Department of Financial Institutions v. Nexo Inc., of the Cayman Islands; Nexo Capital Inc., of the Cayman Islands, and Nexo Group, which "comprises business entities organized primarily in European jurisdictions".
MGI Capital (Suisse) AG: Public Warning
Public Warning by the Swiss Financial Market Supervisory Authority that MGI Capital (Suisse) AG is "suspected of conducting unauthorised activities in the financial market".
Aspen Asset Management AG: Public Warning
Public Warning by the Swiss Financial Market Supervisory Authority that Aspen Asset Management AG is "suspected of conducting unauthorised activities in the financial market".
SEC v. Michael Weiss: Complaint (Insider Trading-Ernst & Young Clients)
Complaint alleging "insider trading by Defendant in the stock of four Ernst & Young LLP clients or prospective clients made while he was employed as an EY Business Development Director" in U.S. Securities and Exchange Commission v. Michael Weiss at the U.S. District Court for the Southern District of New York.
Asset Capital Growth Fund Ltd.: License Suspension (Mauritius)
Public Notice by the Mauritius Financial Services Commission that it has suspended the Global Business Licence and "its Authorisation to operate as a CIS and CIS Expert Fund" of Asset Capital Growth Fund Ltd.
Hans-Peter Metzler: Cease and Desist Order (Switzerland)
Public Notice by the Swiss Financial Market Supervisory Authority that it has ordered Hans-Peter Metzler, a citizen of Austria, not to engage in financial activity for which a license is required, particularly the acceptance of deposits from the public.
SB Global Ltd.: License Suspension
Public Notice by the Mauritius Financial Services Commission that it has suspended the Global Business License and Collective Investment Scheme License of fund manager SB Global Ltd.
Asset Capital Growth Fund Ltd.: License Suspension
Public Notice by the Mauritius Financial Services Commission that it has suspended the Global Business License of Asset Capital Growth Fund Ltd. and its Authorization to operate as a Collective Investment Fund and CIS Expert Fund.
John Kelmanson: £6.5K Fine
Disciplinary Consent Order from the United Kingdom's Insolvency Service that insolvency practitioner John Kelmanson "be Severely Reprimanded and fine £6,500" following "a Complaint that in his role as a potential liquidator/liquidator of a Company, Mr Kelmanson breached the fundamental principle of Professional Competence and Due Care of the Insolvency Code of Ethics".
Geoffrey Trebert: £87.5K Fine & Ban
News Release by the Guernsey Financial Services Commission that it has imposed a fine of £87,500 and disqualification on Geoffrey John Trebert for "his failure to meet the Minimum Criteria for Licensing".
Sparkster Ltd. et al: $30M+ Penalties (‘Unregistered Crypto Offering’)
Administrative Order by the U.S. Securities and Exchange Commission imposing fines and disgorgement totaling $30.75 million on Sparkster Ltd. of the Cayman Islands, and Sajjad Daya, a resident of the United Kingdom, for conducting an unregistered securities offering involving crypto.
SEC v. Ian Balina: Complaint (‘$30M Unregistered Crypto Offering’)
Complaint alleging an "unregistered offering and promotion" of crypto involving "Sparkster, Ltd., a software development company incorporated in the Cayman Islands" that raised "approximately $30 million from nearly 4,000 investors" in U.S. Securities and Exchange Commission v. Ian Balina, a resident of Austin, Texas and "a self-described crypto asset investor, promoter, and influencer", at the U.S. District Court for the Western District of Texas.
Gol Linhas Aéreas Inteligentes SA: $70M Penalty
Administrative Order by the U.S. Securities and Exchange Commission that it has imposed disgorgement and interest totaling $70 million on GOL Linhas Aéreas Inteligentes SA, a.k.a. GOL Intelligent Airlines Inc., of São Paulo, described as "the second largest domestic airline in Brazil by market share", for "a scheme to bribe government officials in Brazil in exchange for certain payroll tax and fuel tax reductions that financially benefited Gol, along with other airlines".
SEC v. Gabriel Edelman et al: Complaint (‘$4.39M Crypto Investment Fraud’)
Complaint alleging a $4.39 million crypto-related investment fraud in the U.S. Securities and Exchange Commission v. Gabriel Edelman, who is "presently a resident of Spain"; Creative Advancement LLC, and Edelman Blockchain Advisors LLC at the U.S. District Court for the Southern District of New York.
Maitland Luxembourg SA: €266K Fine
Public Notice by the Luxembourg CSSF that it has imposed a fine of €266,000 on Maitland Luxembourg SA for regulatory breaches.
SEC v. Chicago Crypto Capital LLC et al: Complaint (‘$1.5M Crypto Fraud’)
Complaint alleging a $1.5 million investment fraud regarding crypto tokens issued by Saint Kitts and Nevis-domiciled Beaxy Digital Ltd. in the U.S. Securities and Exchange Commission v. Chicago Crypto Capital LLC, Brian B. Amoah, Darcas Oliver Young, and Elbert G. Elliott at the U.S. District Court for the Northern District of Illinois.
Voyager Digital Ltd. et al: Cease and Desist Order
Ex Parte Order to Cease and Desist regarding a cryptocurrency group in Vermont Department of Financial Regulation v. Voyager Digital Ltd., of British Columbia, Canada; Voyager Digital Holdings Inc., of Delaware, and Voyager Digital LLC, of Delaware.
Gary Durkin: £35K Fine
News Release by the Guernsey Financial Services Commission that it has imposed a fine of £35,000 on corporate service provider Gary William Jason Durkin "following his failure to meet the Minimum Criteria for Licensing".
SparkLabs Global Ventures Management LLC et al: $225K Fines
Administrative Order by the U.S. Securities and Exchange Commission imposing fines totaling $225,000 on SparkLabs Global Ventures Management LLC, of Delaware; SparkLabs Management LLC, of Delaware, and Bernard Moon, of California, for "unauthorized and undisclosed inter-fund loan transactions" involving, inter alia, Cayman Islands-domiciled entities based in South Korea and Taiwan.
Hudson Advisors LP et al: $11.2M Fine
Administrative Order by the U.S. Securities and Exchange Commission that it has imposed a fine of $11.2 million on investment advisers Hudson Advisors LP, of Delaware, and Lone Star Global Acquisitions Ltd., of Bermuda, which "failed to fully disclose Hudson's practice for calculating and charging certain fees".
Ridgeview Asset Management Partners LLC: $70K Fine
Administrative Order by the U.S. Securities and Exchange Commission imposing a fine of $70,000 on Ridgeview Asset Management Partners LLC for regulatory breaches involving entities in Brazil and USA.
Garrison Investment Group LP: $330K Fine
Administrative Order by the U.S. Securities and Exchange Commission imposing a fine of $330,000 on Delaware-domiciled investment adviser Garrison Investment Group LP for regulatory breaches involving entities in the Cayman Islands and USA.
BiscayneAmericas Advisers LLC: $135K Fine
Administrative Order by the U.S. Securities and Exchange Commission imposing a fine of $135,000 on BiscayneAmericas Advisers LLC for conduct that involved, inter alia, three Cayman Islands entities.
Eurasian Ambassador Fund (Cyprus) Alf V.C.I.C. Ltd.: License Revocation & Liquidation
Public Notice by the Cyprus Securities and Exchange Commission that it has revoked the license of Eurasian Ambassador Fund (Cyprus) Alf V.C.I.C. Limited for regulatory breaches and placed it into liquidation.
Zemblanco Investments Ltd.: €200K Settlement
Public Notice by the Cyprus Securities and Exchange Commission that Zemblanco Investments Ltd. has paid €200,000 to settle a regulatory investigation.
ICC Intercertus Capital (Cayman) Ltd.: CI$116K Fine
Public Notice by the Cayman Islands Monetary Authority that it as imposed a fine of CI$116,680 on ICC Intercertus Capital (Cayman) Ltd. for regulatory breaches.
Perceptive Advisors LLC: $1.5M Fine
Administrative Order by the U.S. Securities and Exchange Commission imposing a fine of $1.5 million on Perceptive Advisors LLC for regulatory breaches involving entities in the Cayman Islands and United States.
Italico Future Invest SICAV Plc: License Revocation
Public Notice by the Malta Financial Services Authority that it was revoked the Alternative Investment Funds license of Italico Future Invest SICAV Plc for regulatory breaches.
Fuchs & Associés Finance SA: €1M Fine
Public Notice by the Luxembourg CSSF that it has imposed two fines totaling €1,015,000 on investment firm Fuchs & Associés Finance S.A. for regulatory breaches.
SEC v. Empirex Capital LLC et al: ‘Subpoena Compliance’ Application (‘Crypto-Based Investment Fraud’)
Application for an order compelling compliance with administrative subpoenas for an investigation into "a potential fraudulent offering scheme by Empirex" that "may have raised as much as $55 million from investors" and, inter alia, involved cryptocurrency in U.S. Securities and Exchange Commission v. Empirex Capital LLC, AKC Management LLC, Rafael Alberto Vargas Gonzalez, a.k.a. Rafael Vargas, and Paola A. Vargas at the U.S. District Court for the Southern District of Florida.
