Subject:

U.S. Securities and Exchange Commission

  • Blogs

    October 17, 2013

    Mark Cuban Tees Off on SEC After Insider-Trading Victory

    After five years of litigation and a three-week trial, it took a jury all of a couple of hours to decide that, contrary to the Securities and Exchange Commission, there was no evidence that Mark Cuban was guilty of insider trading. Outside the courthouse, a newly vindicated Cuban briefed a gaggle o ... More >>

  • Blogs

    July 23, 2013

    SEC Charges a McKinney Man with Running a Bitcoin Ponzi Scheme

    Bitcoin, the decentralized online virtual currency, just hit a milestone of monetary street cred: It's allegedly been used in a Ponzi scheme. The U.S. Securities and Exchange Commission announced today that it has charged Trendon T. Shavers of McKinney for defrauding investors in his Bitcoin compan ... More >>

  • Blogs

    March 5, 2013

    Federal Judge Won't Toss Insider Trading Case Against Mavs Owner Mark Cuban

    The now-five-year old insider-trading beef against mercurial Dallas Mavs owner Mark Cuban isn't going away anytime soon. Chief Judge Sidney Fitzwater rejected Tuesday a motion to dismiss the federal case against him, which alleges Cuban dumped his stock in an Internet search engine after getting tip ... More >>

  • Blogs

    February 15, 2013

    The SEC Says a Dallas Investor Screwed Over Her Church in a $2.3 Million Ponzi Scheme

    The way she tells it on her website, Delsa Thomas decided to launch her own investment firm after Citi Smith Barney, where she worked, merged with Morgan Stanley. She left in February 2011, taking a decade's worth of experience as a stockbroker and financial advisor to her new outfit, The D. Christo ... More >>

  • Blogs

    May 3, 2012

    Feds Say Brothers Conned Millions from Trinity Christian Academy Teachers and Parents

    There are few certainties in life, but this is one of them: If a person offers you a thousand percent return on an investment, you have on your hands a scam. And there's about a thousand percent chance someone will end up in court. Yet two brothers, Terry Wiese of Little Elm and Scott Wiese of Tem ... More >>

  • Blogs

    February 9, 2012

    Alan Todd May -- Once a Fugitive, Always a Con Man -- Gets 20 Years For Ripping Off Investors

    ​For the past three decades -- on and off, but mostly on -- there was no swindle too small-time for Alan Todd May. Credit card abuse, theft, check fraud -- however he could make an easy, sleazy buck, May did what he could wherever he could to whomever he met. One day, perhaps, someone will make a ... More >>

  • Blogs

    September 30, 2011

    Restaurant Websites That Make You NOT Want To Eat

    You've seen this guy, right? Peanut butter jelly time is the number one indicator of poor website design. Sparkling mouse trailers, glimmering lights, dancing bananas -- these are the hallmarks of your 13-year-old daughter's MySpace page. Poorly chosen music played in a loop, excessive flash and clu ... More >>

  • Blogs

    April 8, 2011

    What Did SEC Learn After Failing to Take Down Stanford Earlier? Um, It Did the Best It Could?

    Spencer Barasch​We mentioned this morning that Securities and Exchange Commission Chairman Mary Schapiro was in town speaking to business journalists gathered on the SMU campus. Turns out, during her speech she mentioned something that rings a bell: The failure of the Fort Worth office to shut dow ... More >>

  • Blogs

    March 25, 2011

    In Dallas Federal Court, Those Swindled by Allen Stanford Sue SEC For Failing to Stop Him

    R. Allen Stanford​Spencer Barasch is a partner at the downtown Dallas law firm Andrews Kurth, where he is in charge of the corporate governance and securities enforcement team. But before that, and for close to 20 years, he worked for the Fort Worth office of the Securities and Exchange Commission ... More >>

  • Blogs

    March 11, 2011

    This Week Online: Superfood are Spawning, Spaghetti is Good and More

    ​This week in the blogosphere, we learned eaters prefer spaghetti to pineapples and how to satisfy the growing numbers of Hispanic wine drinkers. Besides that, it's time for superfood to spawn and vegan burgers to rise above "decent." Read on. City of Ate Like so many other of its patrons, Ha ... More >>

  • Blogs

    September 21, 2010

    A Year After Dallas Federal Judge Booted SEC's Case Against Mark Cuban, It Lives Again

    Sam Merten​In July 2009, U.S. District Judge Sidney Fitzwater dismissed the Securities and Exchange Commission's complaint that Mark Cuban violated insider-trading laws when, in 2004, he sold off $750,000 in Mamma.com stock. Cuban, of course, poo-poohed the claim when originally brought by the SEC ... More >>

  • Blogs

    July 29, 2010

    SEC Says Sam, Charles Wyly Illegally Pocketed $550 Million Over the Last 13 Years

    ​The Securities and Exchange Commission just sent word: In New York federal court today it filed a 78-page complaint charging Sam and Charles Wyly with violating federal securities laws over the last 13 years, during which the SEC alleges the Dallas brothers pocketed more than $550 million in "und ... More >>

  • Blogs

    July 9, 2010

    Yo, Blockbuster CEO Jim Keyes. Niko Celentano of the Bronx Would Like a Word. And An Emergency Shareholders Meeting.

    ​One week ago today I received an e-mail from a "large stockholder" in Blockbuster -- a gentleman high on the movie-studio food chain, as a matter of fact. He copied me on a missive he sent to the Securities and Exchange Commission in which he asked what in the wide, wide world of sports he could ... More >>

  • Blogs

    June 9, 2010

    Alan Todd May, Who Feds Say Ran Ponzi Scheme From Downtown, Caught in S.F.

    Some of the very generic imagery featured on Alan Todd May's company's Web site​Alan Todd May spent the better part of 1983 to 2002 in and out of prison, having been arrested for such things as credit card abuse, check fraud, theft ... well, you name the hustle, he hustled it. There were 14 convic ... More >>

  • Blogs

    December 7, 2009

    Biz Briefs: Judge Allows Cuban to Go After Feds; Gulfstream Breaks One Love Field Lease

    ​Back in July, U.S. District Judge Sidney Fitzwater told the Securities and Exchange Commission that, sorry, but its complaint against Mark Cuban was getting tossed. The SEC, of course, accused the Mavs owner of violating insider-trading laws in 2004 by selling off $750,000 in Mamma.com stock; Fit ... More >>

  • News

    October 29, 2009
  • Blogs

    August 4, 2009

    Tom Hicks's Acquisitions Venture Tries One More Time to Acquire Something

    ​Tom Hicks has been all kinds of busy making deals; alas, none of 'em Rangers-related. Instead, it's his publicly traded investment company, Hicks Acquisitions, making news this week, as once more he tries to keep the venture from being delisted by the New York Stock Exchange, which threatened to ... More >>

  • Blogs

    July 17, 2009

    U.S. District Judge Fitzwater Dismisses SEC's Insider Trading Case Against Mark Cuban

    This morning, U.S. District Judge Sidney Fitzwater dismissed the Securities and Exchange Commission's complaint that Mark Cuban violated insider-trading laws in 2004, when he sold off $750,000 in Mamma.com stock. Why the heave-ho? You know what, just read the judge's opinion and order for yourself, ... More >>

  • Blogs

    May 11, 2009

    SEC Accuses Two Dallas "Oil and Gas" Men of Luring Investors Down a Dry Hole

    Late last week, the Securities and Exchange Commission went to Dallas federal court to accuse 62-year-old Harmut Theodor Rose and 47-year-old James Patrick Reedy of swindling about 300 folks out of at least $10 million. According to the complaint, from August 2003 to August '05, Rose and Reedy ran a ... More >>

  • News

    April 9, 2009
  • Blogs

    April 6, 2009

    Risk Factors: In Today's SEC Filing, Blockbuster Lists Every Possible Threat

    Dallas-based Blockbuster finally filed its annual report with the Securities and Exchange Commission today, reporting, yet again, a net loss of $374.1 million even while same-store revenues increased nearly 4 percent. But, as expected, the video- and game-rental company also warned investors that if ... More >>

  • Blogs

    March 31, 2009

    Re: FYI, Read This ASAP. OMG!

    The following is a prime example of my curse here on Earth. A fleeting thought sprouts into a mild observation, only to bloom into a thesis that eventually flourishes into a blog item with sports branches. My apologies ... Got a text the other day, the salutation of which was LOL. It ... More >>

  • Blogs

    February 17, 2009

    In Dallas Federal Court, SEC Alleges Allen Stanford's Houston-Based Financial Firm Is Involved in "Massive, Ongoing Fraud"

    Various news accounts in recent days have portrayed fifth-generation Texan Robert Allen Stanford, whose Stanford Financial Group is based in Houston, as the second coming of Bernie Madoff. Which is why the Securities and Exchange Commission today filed this complaint against Stanford in Dallas feder ... More >>

  • Blogs

    November 17, 2008

    SEC Claims Cuban Engaged in Insider Trading in '04

    From the Securities and Exchange Commission this morning: "The Securities and Exchange Commission announced that it filed insider trading charges today against Dallas entrepreneur Mark Cuban in the U.S. District Court for the Northern District of Texas." The suit -- which can be read in its entirety ... More >>

  • Blogs

    November 17, 2008

    Dallas Mavericks' Owner Mark Cuban Charged With Insider Trading

    Uh-oh. Breaking news this morning that the U.S. Securities and Exchange Commission has charged Mavs' owner Mark Cuban with insider trading, stemming from a 2004 sale of stock in an Internet company. Me? I dunno the diff between "insider trading" and a "hot stock tip", but I do this ain't goo ... More >>

  • Blogs

    July 17, 2008

    Bomb Detector: SEC Goes After Irving-Based Maker of Stinker Sniffex

    Does this device look like it could sniff out "more than 90% of the explosives used worldwide"? Looks like the Securities Exchange Commission has finally sniffed out the stink bomb called Sniffex, a worthless and utterly useless product being sold by Irving-based Homeland Safety International in ord ... More >>

  • Blogs

    November 1, 2007

    The Feds Are Not Going After Belo For Phony Circulation Numbers

    The Securities and Exchange Commission is letting Belo Corp. off the hook concerning those inflated circulation numbers three years ago. Courtesy Editor & Publisher, that info can be found in Belo's SEC filing yesterday, in which it says: In 2004, the staff of the Securities and Exchange Commission ... More >>

  • Blogs

    October 1, 2007

    Belo Corp. Now a Split Personality

    Well, you can't say you didn't see it coming. Exactly four months after Citigroup analyst Eileen Furukawa upgraded Belo Corp.'s stock from "hold" to "buy" based on the value of company's TV properties alone, The Dallas Morning News and WFAA-TV's parent company announced, yup, it's separating its new ... More >>

  • Blogs

    September 12, 2007

    Local Energy Company Giving the SEC a Bad Case o' Gas

    Terax Energy, an oil and gas production and exploration company based out of One Galleria Tower, is having major troubs with the Security and Exchange Commission, which today suspended trading of the company's securities. The ban's expected to last two weeks, at least, during which time the SEC will ... More >>

  • Blogs

    August 17, 2007

    Home Solutions Apparently Needs Some New Solutions, Pronto

    The New York Post is reporting this morning that Home Solutions of America, which is HQ'd on Dragon Street, is in considerable trouble with the government and a major stock market. Turns out that HSA -- which has "big plans for the New York real-estate market," reports the paper -- is being investig ... More >>

  • Blogs

    June 15, 2007

    As In, "He Feels Awful"

    Since we couldn't find a photo of Phillip Offill, we just went with the next best thing. We revealed his clandestine scheming and scamming of an Addison-based sports company back in March. Dallas’ Only Daily painted him with a broad brush a few days earlier. But yesterday, the Securities and Excha ... More >>

  • Blogs

    May 18, 2007

    Bye, Bye, Bio Willie

    In April, Willie Nelson resigned from Earth Biofuels' Advisory Board of Directors. He's now using his remaining shares of stock as rolling papers. Here's some exclusive breaking news; take that, Forbes. The magazine's been all over the problems at Dallas-based Earth Biofuels, for which we're ever so ... More >>

  • Blogs

    April 10, 2007

    The Kornman Falleth

    So much for that big Gary Kornman trial we were all awaiting: Unfair Park has learned that yesterday, the Dallas attorney appeared in United State District Judge Jorge Solis' courtroom, two years after the feds indicted him on four counts of securities fraud and lying to the Securities and Exchange ... More >>

  • Blogs

    February 15, 2007

    Greg Brady Owes SEC $8.3 Million, But Still Gets To Keep Room in Attic

    Frankly, I don't have the time or the smarts to thoroughly explain what Dallas-based i2 Technologies Inc. is or what happened to its former chief executive officer, Gregory Brady. For the former, all you need to do is go to the company's Web site, where you'll find the company describes itself as a ... More >>

  • News

    November 30, 2006

    Red light, Green light

    Things get gray when it comes to green

  • Blogs

    October 13, 2006

    Got Half a Billion ACS Can Borrow? Like, Now?

    It's only a Friday, but it feels like Christmas morning. First the movie version of Dallas takes a header, now comes word that Affiliated Computer Services Inc.'s lendor wants its money back--pronto. How much? Maybe as much as $500 million. According to filings with the Securities and Exchange Commi ... More >>

  • Blogs

    September 27, 2006

    Whose Default Is It, Anyway?

    Almost two weeks ago, Dallas-based Affiliated Computer Services, Inc. got the contract with the city of Dallas to provide some red-light cameras; the deal's worth $13.29 million bucks over five years. On the same day the announcement was made, ACS also announced it would not be able to file on time ... More >>

  • Blogs

    August 25, 2006

    The Backdating Scene

    I've been fairly--or is that Unfairly?--obsessed with the backdating scandal at Afflilated Computer Services Inc., which is being investigated by the Department of Justice and the Securities and Exchange Commission for giving stock options to its top execs and dating them just before those stocks ex ... More >>

  • Blogs

    August 16, 2006
  • Blogs

    August 1, 2006
  • Blogs

    July 7, 2006

    Clean Your PIPEs

    So, just got off the phone with a spokesman for the Securities and Exchange Commission about this story from today's New York Post. Turns out I was one of two reporters to bug the dude in D.C. today; the other was from Reuters. We wanted to know the same thing: Is, as the Post reported, Dallas-based ... More >>

  • Blogs

    May 30, 2006

    Stalking the Kornman

    Hate to say it, but till this morning, I had never heard of Gary M. Kornman, a Dallas attorney awaiting trial in federal court here after pleading not guilty to criminal charges of securities fraud and lying to the Securities and Exchange Commission. There are also others waiting in line behind the ... More >>

  • News

    November 11, 1999

    Day trippin'

    Dallas' little fish swim with the Wall Street sharks at an online trading house

  • News

    February 27, 1997

    Boomer bust

    In the rockin' '80s, Bill Brosseau's sexy success story put his face in Money and Cosmopolitan. Times and fortunes change. Now he's a broke former cocaine addict facing a stint in federal prison.

  • News

    December 12, 1996

    Darling, you smell

    Local company accused of dumping animal carcasses in Minnesota stream

  • News

    November 7, 1996

    God and mammon

    Kathy and Richard Kingsmore seemed like such nice church folk. But the Feds say their greed trumped their gospel.

  • News

    June 27, 1996

    Hot Product

    World-class embezzler Gary Lewellyn rebounds with a fast-selling treatment for A.D.D.

  • News

    March 14, 1996
  • News

    March 7, 1996
  • News

    January 18, 1996

    It's the stock price, stupid!

    High-flying Danny Wettreich has shut down companies, destroyed jobs, and drawn the scrutiny of two federal agencies, But he says it's what the stock market thinks of him that counts.

  • More >>
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