Try our Advanced Search for more refined results
Securities and Exchange Commission v. Tadrus et al
Case Number:
1:23-cv-05708
Court:
Nature of Suit:
Judge:
Firms
Government Agencies
-
August 08, 2025
Fake AI Hedge Fund Operator Reaches Partial SEC Settlement
A Florida investment pro who previously admitted to duping investors who poured $5 million into his supposed artificial intelligence-powered hedge fund has agreed to an officer and director ban in a partial settlement with securities regulators, according to a Thursday letter.
-
November 03, 2023
Accused Ponzi Schemer Can't Tap Frozen Funds, Judge Says
A New York federal judge rejected a bid by an accused Ponzi schemer to access frozen funds for living expenses and attorney fees, saying that although he "empathizes" with the situation of the defendant's family, the funds are allegedly tainted and need to be preserved for potential disgorgement.
-
September 08, 2023
Feds Say Bogus Fund Chief Scammed $5M With AI Trading Lie
Federal prosecutors on Friday charged the founder and CEO of a purported hedge fund with duping investors out of more than $5 million using false claims that he could earn them high returns by using "artificial intelligence-based high-frequency trading models."