1 Global Exec, Facing Criminal Case, Admits To SEC Claims
Law360 (August 15, 2019, 6:00 PM EDT) -- A former executive for cash advance business 1 Global Capital admitted Thursday to violating federal securities laws by selling securities to investors under false pretenses, and also faces a corresponding criminal case related to his alleged actions.
Former 1 Global Capital LLC Chief Financial Officer Alan G. Heide consented to a judgment against him in a civil lawsuit by the U.S. Securities and Exchange Commission and has agreed to plead guilty in a parallel criminal case against him. The government alleges Heide concealed 1 Global’s financial troubles from investors and used the proceeds from the sale of unregistered securities to prop...
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