July 09, 2018
The U.S. Securities and Exchange Commission on Friday asked a Maryland federal judge to grant quick wins on its claims against two companies and three individuals implicated in a $5 million "prime bank" scam, saying one of the company's principals has already copped to a criminal charge related to the scheme.
November 09, 2017
A Maryland federal judge on Thursday refused to give the U.S. Securities and Exchange Commission a win by default against two companies accused of taking part in a $5 million "prime bank" scam, saying the firms' principals whose bank accounts would be drained are still fighting the government's claims.