Indictments, Securities Fraud, False Statements

SEC and DOJ Warm Up to Enforcement over AI Washing

Holland & Knight LLP on 7/10/2025

In the first artificial intelligence (AI)-washing enforcement cases brought by the SEC and U.S. Department of Justice (DOJ) under the Trump Administration, on April 9, 2025, the SEC and the U.S. Attorney's Office for the...more

SEC Charges Short Publisher for Manipulation Scheme Targeting Retail Investors

Seward & Kissel LLP on 7/30/2024

On July 26, 2024, the Securities and Exchange Commission (SEC) filed a Complaint in the U.S. District Court in Los Angeles charging activist short publisher Andrew Left and Citron Capital, LLC, an investment adviser he...more

SEC and DOJ Heighten Focus on AI Washing

BCLP on 6/21/2024

The SEC recently charged Ilit Raz, the CEO of Joonko Diversity Inc., a failed recruitment startup, with "AI washing" based on allegedly false claims that her company had developed an “automatic recruiting solution” to help...more

A COVID-19 Laboratory Testing Conviction under EKRA

Robinson+Cole Health Law Diagnosis on 9/13/2022

Mark Schena, the President of Arrayit Corporation, has been found guilty by a jury for violations of the Eliminating Kickbacks in Recovery Act (EKRA), healthcare fraud, wire fraud, and securities fraud....more

Ex-Nikola Chairman Indicted for Securities Fraud

Proskauer - Corporate Defense and Disputes on 8/31/2021

In April 2021, the SEC released several public statements that may have begun to cool a superheated SPAC market. FINRA soon followed suit, announcing in July 2021 a regulatory sweep aimed at SPACs. Now, for the first time, a...more

Former Municipal Official in the Spotlight as SEC Files Complaint Charging Securities Fraud and DOJ Files Superseding Indictment...

Bracewell LLP on 11/27/2017

On November 21, 2017, the U.S. Securities and Exchange Commission (“SEC”) filed a complaint charging Oyster Bay, New York (the “Town”), along with its former Supervisor and Chief Executive Officer, John Venditto, with...more