Day: December 21, 2022

Written by FinCrime

Two Biotech CEOs Charged in Securities Fraud Schemes

Reported by: U.S. Department of Justice A federal grand jury in the District of Maryland returned an indictment that was unsealed today charging two men for their roles in schemes to defraud investors in CytoDyn Inc., a publicly traded biotechnology company (OTCQB: CYDY) based in Vancouver, Washington. According to court documents, Nader Pourhassan, 59, of […]

Written by FinCrime

Pump-and-Dumpers Take Their Lumps: Influencer Liability Catches the Eye of Federal Regulators

Reported by: Eric Ball, Kimberly Culp Brands and influencers alike should proceed with caution as regulators continue to scrutinize how influencers market information to their followers and how brands deploy influencer marketing. Recent enforcement actions have made one thing clear: disclose, disclose, disclose. On December 14, 2022, the SEC announced charges against eight individuals for their roles […]