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Securities Fraud

Fund Manager Charged with Diverting Investor Money to Side Business

Fund Manager Charged with Diverting Investor Money to Side Business

The SEC Enforcement Division alleged that VERO Capital Management LLC and three executives funneled $4.4 million in investor money into a subsidiary while hiding their actions from investors. The firm was also accused of failing to properly safeguard client assets. The SEC accused a New York fund manager and three of its executives on December […]

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Medical Device Manufacturer Charged With Major Securities Fraud Scheme

Medical Device Manufacturer Charged With Major Securities Fraud Scheme

Medical Device Manufacturer Charged With Major Securities Fraud Scheme, as reported by the DOJ. ArthroCare Corporation, a medical device manufacturer based in Austin, Texas, and that trades on the NASDAQ stock exchange, has agreed to pay a $30 million monetary penalty to resolve charges that senior executives at the company engaged in a securities fraud […]

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SEC Announces Fraud Charges Against Detroit-Based Money Market Fund Manager

SEC Announces Fraud Charges Against Detroit-Based Money Market Fund Manager

As reported by the SEC, SEC Announces Fraud Charges Against Detroit-Based Money Market Fund Manager.  The Securities and Exchange Commission announced fraud charges against a Detroit-based investment advisory firm and a portfolio manager for deceiving the trustees of a money market fund and failing to comply with rules that limit risk in a money market […]

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Penny Stock Financier Agrees to Pay $1.4 Million to Settle SEC Charges

Penny Stock Financier Agrees to Pay $1.4 Million to Settle SEC Charges

As reported by the SEC, Penny Stock Financier Agrees to Pay $1.4 Million to Settle SEC Charges, the Securities and Exchange Commission charged a New York-based penny stock financier and his firms with violating the federal securities laws when they purchased billions of shares in a pair of microcap companies and failed to register them […]

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Three Investment Advisors Sentenced in California for $1 Billion High-yield Investment Fraud

Three Investment Advisors Sentenced in California for $1 Billion High-yield Investment Fraud

Three Investment Advisors Sentenced in California for $1 Billion High-yield Investment Fraud as announced by the DOJ.  Three former investment advisers were sentenced on Nov. 19, 2013 for their roles in attempting to defraud a wealthy investor of $1 billion through a high-yield investment fraud scheme.  Acting Assistant Attorney General Mythili Raman of the Criminal […]

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SEC Obtains Asset Freeze in California-Based Real Estate Investment Scheme

SEC Obtains Asset Freeze in California-Based Real Estate Investment Scheme

The Securities and Exchange Commission announced in press release 2013-233, fraud charges and an emergency asset freeze against a group of Pasadena, Calif.-based companies at the center of an ongoing real estate investment scheme. SEC complaint The SEC alleges that Yin Nan (Michael) Wang and Wendy Ko have raised more than $150 million from approximately […]

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SEC Charges Operators of Boiler Room Scheme Targeting Seniors to Invest in Football-Related Scam

SEC Charges Operators of Boiler Room Scheme Targeting Seniors to Invest in Football-Related Scam

SEC Charges Operators of Boiler Room Scheme Targeting Seniors to Invest in Football-Related Scam. The Securities and Exchange Commission charged the operators of a South Florida-based boiler room scheme with defrauding seniors and other investors they pressured into purchasing stock in a company that purportedly developed ground-breaking technology for the National Football League to use […]

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SEC Freezes Assets in Ponzi Scheme Targeting Investors in Japan

SEC Freezes Assets in Ponzi Scheme Targeting Investors in Japan

The Securities and Exchange Commission announced an emergency action to freeze the assets of a Las Vegas-based firm and its sole owner charged with perpetrating a Ponzi scheme against thousands of investors living primarily in Japan. The SEC alleges that Edwin Fujinaga and his company MRI International raised more than $800 million from investors who […]

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Meet Paul Raymond

Meet Paul Raymond

Mr. Raymond is a sought after speaker in tax controversy law by many attorney, accountant, and business groups and at the request of the Internal Revenue Service, has presented programs at the IRS Nationwide Tax Forum, attended by tax professionals throughout the United States.

Additionally, he continues to be an active member in the Section of Taxation, American Bar Association, where he was the Past Chair of the Employment Taxes Committee.

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Member CA Bar Member Orange County Bar US Tax Court Attorney