Defective Product or Service Archives

Defective Product or Service

Americrude Inc. Oil-and-Gas Securities and Three of Its Executives Charged with Defrauding Investors

Adam J. Marquardt March 30, 2018

On March 19, 2018, the Securities and Exchange Commission (SEC) announced it recently charged oil-and-gas company Americrude, Inc. and three of its executives with defrauding investors. The SEC charged in its complaint filed in the Northern District of Texas federal district court that Americrude’s CEO and president used cold calls and high-pressured sales pitches to inappropriately

SEC Obtained Injunction Against Willow Creek Investments, Hedge Fund Charged with Fraud

Adam J. Marquardt March 29, 2018

On March 21, 2018, the Securities and Exchange Commission (“SEC”) announced that it obtained a preliminary injunction and asset freeze against Nicholas Genovesa, his hedge fund, Willow Creek Investments LP (“Willow Creek”), and his advisory firm, Willow Creek Advisors, LLC. The SEC had previously filed charges on February 2, 2018 against Genovese and his hedge

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