SEC Charges Blank Cheque Company Manufacturer With Fraud

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SEC Charges Blank Cheque Company Manufacturer With Fraud

Postby » Wed Sep 21, 2016 8:11 am

The US Securities and Exchange Commission (SEC) today announced fraud charges against a US citizen who was part of a scheme to register and sell stock in blank cheque companies disguised as promising startups to illicitly profit from unsuspecting investors.

The latest SEC case comes just a day after Leon Cooperman’s hedge fund Omega Advisors, Inc. was charged with insider trading by the watchdog, as reported by Finance Magnates.

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Blank Cheques

According to the SEC, Sheldon Rose created more than a dozen blank cheque companies, which ... (read more)

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