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February 16, 2018

Posted  June 1, 2018

The SEC announced charges against three Israeli residents, a Washington DC attorney, and an Israeli auditor for a fraudulent scheme to create a large amount of shell companies. The three Israeli residents were SharonePerlsteinAric Swartz, and Hadas Yaron. The three created at least 15 shell companies and filed false or misleading registration statements and reports with the SEC. Jonathan Strum was the DC attorney that helped the Israeli residents in establishing the shell companies and Baltimore-based Israeli auditor Alan Weinberg issued misleading audit reports for at least seven of the shell companies.  The SEC charges resulted in penny stock bars for the Israeli residents and prohibitions for Strum and Weinberg from appearing before the SEC. SEC

Tagged in: Regulatory Violations, Securities Fraud,