February 05, 2025
A target of the U.S. Securities and Exchange Commission's first crowdfunding enforcement action can't pause that three-year-old case to defend himself against unrelated charges that he ran a pump-and-dump scheme with a hallucinogenic mushroom company, a Michigan judge ruled Wednesday.
March 25, 2024
A man accused of being the mastermind behind a $2 million cannabis crowdfunding scheme must find a new lawyer after stiffing his previous counsel for nearly two years, a Michigan federal judge said Monday.
February 14, 2024
Securities regulators are urging a Michigan federal judge to allow them to press on with their claims against the alleged mastermind behind a $2 million crowdfunding scheme — who has since quietly changed his name and allegedly bilked his attorney — arguing that his recent bankruptcy filing shouldn't pause proceedings.
June 09, 2023
A Michigan federal judge on Friday dismissed some claims against a businessman accused of lying to investors as part of a crowdfunding scheme, finding that the U.S. Securities and Exchange Commission didn't properly allege he had controlling authority over the businesses making the allegedly misleading statements.
December 17, 2021
The crowdfunding portal implicated in the U.S. Securities and Exchange Commission's first enforcement action involving crowdfunding regulations has reached a settlement with the regulator, according to a court filing Friday.
December 14, 2021
The U.S. Securities and Exchange Commission told a Michigan federal court it has adequately alleged that one of the individuals swept up in its first crowdfunding enforcement action was involved in a fraudulent scheme.