SEC alleges pump-and-dump fraud at Airborne Wireless in Simi Valley
The U.S. Securities and Exchange Commission filed suit on March 2 against Simi Valley-based Airborne Wireless Network and seven of its shareholders and executives, accusing them of orchestrating a $45 million pump-and-dump stock fraud scheme. The lawsuit was filed in federal court in New York. The defendants are Kalistratos Kabilafkas, Timoleon Kabilafkas, Panagiotis Bolovis, Eric Read More →
Our view: Charges over COVID test show perils of penny stocks
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Westlake Village CEO faces charges over claims of 15-second COVID test
EDITOR’S NOTE: This article was updated Dec. 29 to include Keith Berman’s response to the allegations. Westlake Village-based Decision Diagnostics and its CEO, Keith Berman, face civil and criminal charges by federal agencies that accuse the company of falsely claiming it had developed technology that could almost instantly detect COVID-19 in a blood test. The Read More →
Cheesecake Factory settles SEC complaint that it misled investors
The U.S. Securities and Exchange Commission announced Dec. 4 that it settled charges against The Cheesecake Factory for making misleading disclosures about the impact of COVID-19 on its business. The Calabasas-based restaurant chain made statements in its March 23and April 3 filings that it was operating sustainably. According to the SEC, those filings were materially Read More →
Mission Produce plants seed for IPO
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Our view: Government shutdown should end immediately
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