United States Securities and Exchange Commission v. Japhia

Track this case

Case Number:

2:21-cv-12193

See also:

Court:

Michigan Eastern

Nature of Suit:

Securities/Commodities

Judge:

Matthew F. Leitman

Government Agencies

  1. 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.

  2. February 03, 2022

    Hemp Real Estate Co. Settles SEC Crowdfunding Case

    The U.S. Securities and Exchange Commission has secured consent judgments against a hemp real estate company and its CEO over allegations the company bilked investors after raising money through crowdfunding, in the agency's first enforcement action involving crowdfunding regulations.

  3. September 24, 2021

    SEC's 1st Crowdfunding Enforcement Turns Heat On Portals

    The U.S. Securities and Exchange Commission's decision to target a crowdfunding portal in its first enforcement action involving such capital campaigns sends a strong signal that regulators expect intermediaries to thoroughly vet these fundraising efforts or face repercussions, attorneys said.

  4. September 20, 2021

    SEC's 1st Crowdfunding Suit Targets Pair Of Cannabis Cos.

    The U.S. Securities and Exchange Commission on Monday accused two cannabis and hemp real estate companies and their principles of raising nearly $2 million in fraudulent crowdfunding offerings, in what the agency said was its first enforcement action involving crowdfunding regulations.