Securities and Exchange Commission v. Costello et al

  1. November 02, 2022

    SEC Settles With Collaborator In Fake Veteran Stock Fraud

    The Securities and Exchange Commission has reached a settlement with the co-defendant in a suit alleging a stock trader posed as a Special Forces veteran and hedge fund genius to defraud investors, with a judgment barring him from selling or promoting penny stocks in the future.

  2. September 30, 2022

    SEC Says Fake Veteran Defrauded Millions From Investors

    The U.S. Securities and Exchange Commission is suing a stock trader they say defrauded investors of millions by posing as a Special Forces veteran and Harvard-educated hedge fund billionaire, while trading stocks of companies he had control of.