June 8, 2022

Michael Gastauer, of Germany, and his 6 related entities will pay over $15 million for aiding and abetting an international securities scheme wherein Gastauer used his U.S. bank accounts to disburse illegal stock sale proceeds to offshore brokerage accounts, masking the sellers’ true identities. The scheme was orchestrated by UK citizen Roger Knox and his Swiss-owned entity, Wintercap SA. In a parallel criminal action, Knox was indicted on and pled guilty to one count of securities fraud and one count of conspiracy to commit securities fraud. Knox’s sentencing is pending. SEC

Tagged in: Financial and Investment Fraud, Securities Fraud,