2024-01-01 sec-litreleases litigation_release 203 KB 167,248 chars

Securities and Exchange Commission v. Accounting Irregularities, et al.

raw: Lr26119 Mem Opinion Order Granting Default Judgment

Lr26119 Mem Opinion Order Granting Default Judgment, No. LR-26119 (Jan. 1, 2024)

Caption: Securities and Exchange Commission v. Accounting Irregularities, et al.

summary

A company and an individual were fined $500,000 and $50,000, respectively, for violating regulations and committing fraud.

paragraph

The company, 'V', was fined $500,000 for violating regulations, while the individual, 'A', was fined $50,000 for related offenses, including fraud and conspiracy. The company also failed to pay a contractor $1,000,000 for work completed.

narrative

The document outlines a legal case involving a company, 'V', and an individual, 'A', who were fined $500,000 and $50,000, respectively, for violating regulations and committing fraud. The company also failed to pay a contractor $1,000,000 for work completed. The SEC filed a complaint against defendants Swaffer, Swaffer & Associates, and others, alleging various charges, and the court granted the SEC's motion for default judgment, ordering the defendants to pay a total of $1,044,813.80 in disgorgement and civil penalties. Another excerpt discusses a legal case involving financial misconduct, with amounts totaling $7.5 million in penalties and fines, and named parties including a financial institution, 'Av5,' and an individual, 'Du,' who faced allegations of fraud and regulatory violations.

Enriched metadata

Scheme: pump-and-dump (100%)
Court: Southern District of New York
Ticker: B

Classified pump-and-dump(confidence 100%). EDGAR detection: forms S-8/S-1/424B/8-K· recall 69% / precision 12%. detection rule →

Exhibits & Attached Documents (4)

complaint misappropriation of investor funds by Kris A. Swaffer (“Swaffer”) from at least September 2016
188 KB 42,871 chars Source
judgment FINAL JUDGMENT AS TO DEFENDANT KRIS A. SW AFFER
286 KB 12,720 chars Source
judgment FINAL JUDGMENT AS TO DEFENDANT SEAN K. WILLIAMS
279 KB 12,237 chars Source
judgment FINAL JUDGMENT AS TO RELIEF DEFENDANT ROSALYN K. SWAFFER
185 KB 5,140 chars Source

Extracted insights

Dollar amounts 1

Enriched metadata

Exhibits & Attached Documents (4)

Extracted insights

Related documents (4)