Federal Judge Freezes Assets Of Companies, CEO That SEC Says Ran Huge Scheme

(January 19, 2024, 8:05 AM EST) -- NEW YORK — A federal judge in New York granted the Securities and Exchange Commission’s request for an emergency freeze on the assets of a man and three companies he controlled that the commission says ran a “staggering” scheme involving billions of dollars’ worth of fictitious transactions and misleading statements overstating the companies’ value, in some cases by hundreds of millions of dollars....