Wednesday - December 4, 2024
Federal Tipoffs Involving California Newsletter for Saturday November 23, 2024 ( 4 items )  

CDC Warns of Listeria Linked to Ready-to-Eat Meat and Poultry Products
WASHINGTON, Nov. 23 -- The U.S. Department of Health and Human Services' Centers for Disease Control and Prevention issued the following news release: A CDC food safety alert regarding a multistate outbreak of Listeria infections has been posted at Listeria Outbreak Linked to Ready-to-Eat Meat and Poultry Products | Listeria Infection | CDC (https://www.cdc.gov/listeria/outbreaks/meat-and-poultry-products-11-24.html). Key Points: * Eleven people infected with this outbreak strain Listeria hav  more

Litigation: SEC Charges CEO With Misappropriation of $2.2 Million, $6 Million of Illegal Stock Sales
WASHINGTON, Nov. 19 -- The Securities and Exchange Commission issued the following litigation release (No. 2:24-cv-09941; C.D Cal. filed Nov. 18, 2024) involving Frank Igwealor et al.: * * * The Securities and Exchange Commission announced today it filed charges against Frank Igwealor of Playa del Rey, California, the CEO of several microcap issuers, for engaging in a scheme to misappropriate $2.2 million from a microcap company he controlled to purchase a home, and illegally selling millions   more

Litigation: SEC Charges Petaluma, California-Based Investment Adviser for Conducting Fraudulent 'Cherry-Picking' Scheme
WASHINGTON, Nov. 22 -- The Securities and Exchange Commission issued the following litigation release (No. 24-civ-08246; N.D. Cal. filed Nov. 21, 2024) involving James Burleson: * * * The Securities and Exchange Commission today charged James Burleson, the majority owner and principal of Burleson & Company, LLC, a formerly SEC-registered investment adviser based in Petaluma, California, with defrauding clients by conducting a cherry-picking scheme. According to the SEC's complaint, from Augus  more

Litigation: SEC Vs. Hedonova, Hedonova Advisors
WASHINGTON, Nov. 22 -- The Securities and Exchange Commission issued the following litigation release (No. 2:24-cv-05293; C.D. Cal. filed June 24, 2024) involving Hedonova LLC and Hedonova Advisors LLC: * * * Court Prohibits Hedonova LLC and Hedonova Advisors LLC from Raising Funds from U.S. Investors * * * On November 18, 2024, the United States District Court for the Central District of California entered an Order of Preliminary Injunction ("Order") preliminarily enjoining Defendants Hedo  more