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Showing posts with the label Fraud I SEC.

SEC Charges Microcap Issuer and Individuals with Unregistered Offers and Sales and Disclosure Fraud I SEC

sec.gov SEC Charges Microcap Issuer and Individuals with Unregistered Offers and Sales and Disclosure Fraud 3 minutes Litigation Release No. 24180 / June 29, 2018 Securities and Exchange Commission v. Curative Biosciences, Inc. f/k/a Healthient, Inc., William M. Alverson, Katherine West Alverson, and Steven G. Patton , Civil Action No. 8:18-cv-00925-SVW-E (C.D. Cal.) On June 8, 2018, the Securities and Exchange Commission filed an amended complaint charging Curative Biosciences, Inc. f/k/a Healthient, Inc. and corporate insiders with fraudulently misrepresenting that the company had issued company shares to third parties in purported compensation for services and in discharge of company debt when, in fact, the company issued the shares for capital raising purposes in violation of the offering registration requirements. The SEC's complaint, filed in the U.S. Distri