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SEC roundup: Fraud schemes, misleading non-GAAP disclosure, and compliance failures

A mix of peoples shadows
Photo: Getty Images

Martina Lindberg

2 min read
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An $850m fraud scheme that funded a businessman’s lavish lifestyle features among the SEC’s charges this week.

A cannabis company, its CEO, and others fabricated business statements, and siphoned off millions of funds – March 16

The SEC has charged American Patriot Brands Inc. (APB), its CEO, and five other entities and individuals for their participation in a long-running scheme that raised over $30m from more than one

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