Securities and Exchange Commission (SEC), the U.S. government agency, has filed charges against exiled Chinese millionaire Miles Guo and William Je for their participation in fraudulent and unregistered offerings that raised $850,000,000. The SEC claims that Guo, Je and their financial advisor William Je misappropriated funds from investors to enrich themselves. The SEC alleges that Guo and Je diverted $100 million from an investment fund run by Guo’s father to buy luxury items. Guo has also been accused of lying to investors about the value of crypto assets. The SEC filed a complaint in which it sought civil penalties, disgorgement, and barring of officers and directors. It also requested that Guo and Je be held accountable for their false statements. Guo and Je have also been charged by the U.S. Attorney’s Office of the Southern District of New York. In a different case, in which GTV and other entities were charged with illegal, unregistered offering, the SEC collected $454 million through penalties and disgorgement. The SEC’s ongoing investigation has been assisted by various authorities including the U.S. Attorney’s Office of the Southern District of New York and the FBI.
Recover Investment Losses
Are you experiencing investment losses? You should consult an expert if you are experiencing investment losses. investment fraud attorney. Haselkorn & Thibaut are a reputable, dependable law office that specializes in investment fraud. The attorneys at the firm have extensive experience in securities litigation and arbitrage, and work tirelessly to make sure that their clients get the justice and compensation that they deserve.
Haselkorn & Thibaut, with a 98% success rate for investors and millions of dollars recovered by them, is the firm to choose for investors who are seeking legal redress.
It is vital that you act quickly if you suspect you are a victim of investment fraud.
The investment fraud lawyers at the firm will review your case to determine how best to recover any losses. Also, it’s worth noting that no fee is charged if there’s no recovery.
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SEC
Securities and Exchange Commission, or SEC, is an American regulatory agency that oversees and enforces federal securities laws. Its primary goal is to protect investors and maintain fair, efficient, and effective markets.
The SEC achieves it objectives by ensuring the transparency of the securities markets and requiring that companies disclose accurate and timely data to the public. The SEC regulates securities offerings and sales, including stocks and bond, and monitors investment advisers, broker and exchange activities. The SEC works to prevent fraud, manipulation and swindling in the market by investigating and prosecuting those who are involved in illegal activity.
In addition, the SEC is a key player in the enforcement of rules and regulations governing public companies. The SEC reviews financial statements, discloses information, monitors the activities of insider traders, and establishes standards for corporate governance.
The SEC’s comprehensive oversight aims to promote investor confidence, fair competition and the integrity of securities markets in the United States.
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