SEC Charges Investment Advisers With Cherry-Picking, Obtains Asset Freeze

SEC

The Securities and Exchange Commission today announced that it has obtained an asset freeze and other emergency relief, and filed fraud charges, against a Miami-based investment professional and two investment firms for engaging in an alleged “cherry-picking” scheme in which they channeled millions of dollars in trading profits to preferred accounts. read more »

San Antonio Man Pleads Guilty to Role in Multi-Million Dollar Bribery and Government Contract Fraud Scheme

DOJ

Keith Alan Seguin, a 55-year-old former civilian employee at Randolph Air Force Base in San Antonio, admitted this morning to receiving millions of dollars in bribes in connection with a government contract fraud scheme that spanned more than a decade and impacted hundreds of millions of dollars in contract awards. read more »

Former Energy Broker Pleads Guilty to Insider Trading and Kickback Scheme

DOJ

A former Texas energy broker pleaded guilty Monday to conspiracy to commit commodities fraud and wire fraud and to violate various provisions of the Commodity Exchange Act for his role in an insider trading and kickback scheme. read more »