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Articles Posted in Microcap Fraud

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SEC Files Charges in Alleged Microcap Fraud

The U.S. Securities and Exchange Commission has filed charges against three men accusing them of defrauding investors in a project that was supposed to build the largest movie studio on the continent in Georgia. They are: Matthew T. Mellon, Manu Kumaran, and Roger Miguel. According to the regulator, Kumaran, the…

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Florida Microcap Co. Accused of Bilking Over 400 Investors of More than $11M

The Securities and Exchange Commission is suing eCareer Holdings Inc. and its executives for fraud. According to the regulator, the online staffing company bilked over 400 investors of $11 million when it miserpresented the company and sold shares that were unregistered. Also accused of fraud are three boiler room brokers…

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