Action against Defendants, two attorneys, the head of a financial services company, and the owner of an environmental packaging company and pharmaceutical company, for their alleged role in a scheme to manipulate and illegally sell stock in the Defendant owner’s companies. According to the SEC, Defendants concealed the Defendant owner’s control of the companies and his sale of company shares. The SEC also alleges that Defendants made hidden payments to a promoter to encourage investment in the stock and obstructed the SEC’s investigation by hiding their involvement in the scheme.

SEC Litigation Release

SEC Complaint