Litigation: SEC Obtains Final Judgment Against Penny Stock Fraud Recidivist In Cross-Border Penny Stock Fraud Scheme
December 20, 2024
December 20, 2024
WASHINGTON, Dec. 20 -- The Securities and Exchange Commission issued the following litigation release (No. 1:22-cv-03089; S.D.N.Y. filed Apr. 14, 2022) involving Ronald Bauer, et al.:
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On December 18, 2024, the Securities and Exchange Commission obtained a final judgment against defendant Petar Dimitrov Mihaylov, a citizen of Bulgaria, for his particular role in a scheme spanning at least 2006 to 2020 that generated more than $145 million of illegal sales of stock . . .
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On December 18, 2024, the Securities and Exchange Commission obtained a final judgment against defendant Petar Dimitrov Mihaylov, a citizen of Bulgaria, for his particular role in a scheme spanning at least 2006 to 2020 that generated more than $145 million of illegal sales of stock . . .