Vadim Komissarov, the former CEO of Trident Acquisitions Corp., has been charged with securities fraud, obstruction of justice, and perjury. The charges stem from allegations that he engaged in a scheme to defraud investors by providing false and misleading revenue information regarding Trident and its successor, Lotter.com. This follows a prior guilty plea by another individual involved in a separate scheme that swindled over $1 million from investors. Additionally, a former Arcadia man is set to plead guilty in a $2.7 million securities fraud case, where clients reportedly lost up to $40 million in 2020. The legal troubles for Komissarov highlight ongoing scrutiny within the SPAC sector, which has faced increased regulatory attention in recent years.
Frank Financial Aid's founder believed in her student loan company, her lawyer told a federal jury, pushing back against charges that the executive tricked JPMorgan Chase into a $175 million acquisition by claiming the case is about "buyer's remorse." https://t.co/RssOpoXquj https://t.co/1RDgd6s6aR
Founder of student aid startup Frank faces criminal trial over whether she defrauded JPMorgan Chase https://t.co/OWlsP2yIq2
Norman Gray, founder and CEO of biomedical company, sentenced for defrauding investors of more than $13 million https://t.co/weTOQXcAe2