United States Securities and Exchange Commission v. Japhia
Case Number:
2:21-cv-12193
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Government Agencies
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March 25, 2024
Atty Can Drop Alleged Schemer Who Didn't Pay For 2 Years
A man accused of being the mastermind behind a $2 million cannabis crowdfunding scheme must find a new lawyer after stiffing his previous counsel for nearly two years, a Michigan federal judge said Monday.
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February 14, 2024
SEC Says Bankruptcy Doesn't Stop Crowdfunding Fraud Case
Securities regulators are urging a Michigan federal judge to allow them to press on with their claims against the alleged mastermind behind a $2 million crowdfunding scheme — who has since quietly changed his name and allegedly bilked his attorney — arguing that his recent bankruptcy filing shouldn't pause proceedings.
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June 09, 2023
Mich. Judge Trims SEC Crowdfunding Fraud Claims
A Michigan federal judge on Friday dismissed some claims against a businessman accused of lying to investors as part of a crowdfunding scheme, finding that the U.S. Securities and Exchange Commission didn't properly allege he had controlling authority over the businesses making the allegedly misleading statements.
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December 17, 2021
Investing Portal Settles Out Of SEC's 1st Crowdfunding Case
The crowdfunding portal implicated in the U.S. Securities and Exchange Commission's first enforcement action involving crowdfunding regulations has reached a settlement with the regulator, according to a court filing Friday.
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December 14, 2021
SEC Wants Claims In 1st Crowdfunding Case Kept Alive
The U.S. Securities and Exchange Commission told a Michigan federal court it has adequately alleged that one of the individuals swept up in its first crowdfunding enforcement action was involved in a fraudulent scheme.