SEC News: Ex-Harbinger COO Settles Hedge Fund Fraud Case and Regulator Files More Charges in “Solar Farm” Scam and Football-Like Boiler Room Case

Ex- Harbinger Capital Partners LLC COO Admits Wrongdoing in Hedge Fund Case
Peter A. Jenson, the former chief operating officer at Harbinger Capital Partners LLC, has agreed to pay $200,000 and admit to wrongdoing in the U.S. Securities and Exchange Commission’s case accusing him of assisting in对冲基金欺诈. The scam involved his former firm and its owner Philip A. Falcone and sought to misappropriate millions of dollars so Falcone could pay his taxes.

SEC在2012年指控Jenson，Falcone和Harbinger。作为和解的一部分，Jenson承认他知道Harbinger和Falcone所犯下的违法行为。他说，他帮助法尔科内（Falcone）通过确保贷方（Harbinger Capital Partners特殊情况基金）拥有自己的律师，这笔贷款与法尔科内（Falcone）欠特殊情况基金的信托义务一致，并没有确保贷款人的贷款人特殊情况和贷款，并帮助了Falcone参加了一项关联方贷款。Falcone支付了“高于市场”的贷款利率。

Jenson also admitted that he failed to tell investors about the loan in a timely manner and acted so as to compel the lender to hurry Falcon’s loan payment once investors in the Special Situations Fund were allowed to redeem their investments.

SEC Files More Charges in Penny Stock Scam Involving Solar Farms
SEC正在提交securities fraud chargesagainst MSGI Technology Solutions and its CEO J. Jeremy Barbera. The regulator claims that they bilked investors by promoting a joint venture involving solar energy farms on land that purportedly belonged to an electricity provider run by Christopher Plummer. The agency previously charged Plummer and another penny stock company and CEO with putting out misleading press releases.

Now, the regulator is contending that Barbera also conspired with Plummer. The two of them are accused of falsely portraying in press releases that MSGI was a successful renewable energy company involved in solar energy projects that were about to become profitable. In fact, the penny stock company has no customers, operations, or revenue. Also, Plummer’s company didn’t have the financing or assets required to generate solar energy farms.

Barbera和Msgi正在解决SEC指控，其中包括Barbera支付100,000美元的罚款。他还同意担任上市公司董事或官员或再次参加Penny Stock计划的永久性律师。

SEC在锅炉室骗局中提出更多收费，吹捧超级碗连接
The SEC has filed charges against four executives and their three companies, CalPacific Equity Group, DBBG Consulting, and DDBO Consulting, for their involvement in a boiler room scam that promoted a company that had new technology that was supposedly going to be used during Super Bowl 2013.

高级投资者和其他人被迫在思想开发公司购买股票，该公司据称开发了一个激光线系统，该系统可以在足球场上创建一条第一笔标记，不仅可以在电视上看到，而且还可以被官员们看到，玩家和现场粉丝。超级碗没有这样的交易。

这场骗局从110多名投资者中筹集了约170万美元，这些投资者被认为即将发生IPO，他们的资金将用于开发这项技术。SEC表示，相反，至少有一半的发行收益是作为向销售代理商或这些公司保留的佣金和费用的支付。

The defendants have consented to settle the SEC charges. Meantime, two of the people previously charged in the scam, Dean Baker and Daniel Dritsas, have entered into plea deals in criminal cases related to the allegations.

The proposed final judgment in the Harbinger case（PDF）

Read Jenson’s Consent（PDF）

SEC在“太阳能农场”便士股票案中的投诉（PDF）

SEC Announces Additional Charges in Football-Related Boiler Room Scheme，SEC，2014年7月24日

More Blog Posts:
花旗集团的Lavaflow支付500万美元，以支付不保护ATS的订户数据的SEC，股票经纪欺诈博客，2014年7月28日

投资者在封闭式债券基金上追求瑞银的波多黎各经纪, Stockbroker Fraud blog, July 23, 2014

Deutsche Bank, UBS Being Probed Over Dark Pools & High-Frequency Trading, While An Investor Sue Barclays, Institutional Investor Securities Blog, July 30, 2014