March 28, 2017
A Manhattan federal judge said Tuesday he will lop about $6 million of disgorgement liability for two former California firm name partners' roles in a pump-and-dump scheme run by four Canadian stock promoters, subtracting that amount from a $13 million tab recommended by a magistrate judge.
March 17, 2017
A Canadian stock promoter agreed to pay out nearly $600,000 to settle a lawsuit with the U.S. Securities and Exchange Commission for his part in a $13 million pump-and-dump scheme that snared two name partners in the California law firm Carrillo Huettel LLP, according to papers filed in a New York Federal court Friday.
February 15, 2017
Named partner Luis J. Carrillo of defunct San Diego law firm Carrillo Huettel LLP on Tuesday objected to a finding by a U.S. magistrate judge in New York that he is jointly liable for $16 million in disgorgement and interest related to a pump-and-dump scheme, saying he was not the recipient of most of the funds.
January 18, 2017
A New York federal judge on Tuesday recommended that defunct San Diego law firm Carrillo Huettel LLP and its name partners pay $13 million and be barred from penny stock trading as a judgment in the U.S. Securities and Exchange Commissions' suit accusing them of facilitating a pump-and-dump scheme.