Tag: NJ Bureau of Securities

Posted on

New Jersey Bureau of Securities Joins Effort to Stop Artificial Intelligence Investment Scam

5497522 2348687085

the staff of the Ridgewood blog

Attorney General Matthew J. Platkin and the Division of Consumer Affairs announced that the Bureau of Securities (the “Bureau”) issued a Cease and Desist Order to stop an investment scheme purportedly powered by artificial intelligence and endorsed by Elon Musk. The website for TruthGPT Coin has since been taken down. The Bureau issued the enforcement action in coordination with several states bringing actions against Horatiu Charlie Caragaceanu and his organizations, The Shark of Wall Street and Hedge4.ai (collectively, “Respondents”).

Continue reading New Jersey Bureau of Securities Joins Effort to Stop Artificial Intelligence Investment Scam

Posted on

NJ Bureau of Securities Issues Order to Halt Internet Sales of Fraudulent and Unregistered Cannabis Securities

marijuana

the staff of the Ridgewood blog

NJ,  Attorney General Matthew J. Platkin announced that the NJ Bureau of Securities (“Bureau”) took action today to halt an online entity from fraudulently offering unregistered securities in the form of investment packages related to various forms of marijuana and marijuana products.

Continue reading NJ Bureau of Securities Issues Order to Halt Internet Sales of Fraudulent and Unregistered Cannabis Securities

Posted on

NJ Bureau of Securities Issues Order Today to Halt Internet Sales of Fraudulent NFT Investments tied to the Metaverse

external content.duckduckgo

the staff of the Ridgewood blog

Ridgewood NJ,  Attorney General Matthew J. Platkin announced that the NJ Bureau of Securities (“Bureau”) took action today to halt an online entity purportedly operating from the country of Georgia from offering unregistered securities in the form of non-fungible tokens (NFTs) tied to an online slots game and the metaverse.

Continue reading NJ Bureau of Securities Issues Order Today to Halt Internet Sales of Fraudulent NFT Investments tied to the Metaverse

Posted on

New Jersey Bureau of Securities Announces the Launch of the Annual Examination of Investment Advisers

Golden Globes Nominations

the staff of the Ridgewood blog

Ridgewood NJ, Acting Attorney General Matthew J. Platkin and the Bureau of Securities (“the Bureau”) within the Division of Consumer Affairs today announced the release of the Bureau’s Annual Investment Adviser Examination.

Continue reading New Jersey Bureau of Securities Announces the Launch of the Annual Examination of Investment Advisers

Posted on

NJ Bureau of Securities Orders Investment Scam Companies Targeting LinkedIn Users to Cease and Desist

external content.duckduckgo 9

the staff of the Ridgewood blog

Ridgewood NJ,  As cybercriminals continue to find new ways to cash in on increased online traffic during the COVID-19 pandemic, the Bureau of Securities (“the Bureau”) within the Division of Consumer Affairs took emergency action today to stop an online investment scheme targeting users of the professional networking site LinkedIn. The Bureau urges New Jersey residents to beware of “investment opportunities” being offered on social networking and dating websites.

Continue reading NJ Bureau of Securities Orders Investment Scam Companies Targeting LinkedIn Users to Cease and Desist

Posted on

New Jersey Bureau of Securities Takes Action Against Middlesex Man for Allegedly Defrauding More than $1.3 Million from NJ Investors

gambling1

the staff of the Ridgewood blog

Newark NJ,  Attorney General Gurbir S. Grewal and the Bureau of Securities within the Division of Consumer Affairs today filed suit against a Middlesex County man and the various investment companies he operated, alleging he defrauded more than $1.3 million from 26 New Jersey investors who bought stock in his online gambling companies, and then used the money to bankroll his lavish lifestyle.
In a complaint filed in New Jersey Superior Court, the Bureau alleges that Sandy J. Masselli, Jr., of Old Bridge, New Jersey, told investors that the money they invested in his Carlyle Gaming & Entertainment Ltd, and its successor company, Carlyle Entertainment, Ltd. (collectively the “Carlyle Companies”) would be used for proper corporate purposes.

Continue reading New Jersey Bureau of Securities Takes Action Against Middlesex Man for Allegedly Defrauding More than $1.3 Million from NJ Investors