Published 6 days ago • loading... • Updated 5 days ago

SEC brings fraud charges against founder of Never Alone Capital

Summary by FX News Group

The Securities and Exchange Commission (SEC) today charged Alan Burak, founder of Never Alone Capital LLC, with orchestrating a fraudulent scheme. The post SEC brings fraud charges against founder of Never Alone Capital appeared first on FX News Group.

This story is only covered by news sources that have yet to be evaluated by the independent media monitoring agencies we use to assess the quality and reliability of news outlets on our platform. Learn more here.

3 Articles

All

Left

Center

Right

FinanceFeeds

SEC Charges Alan Burak, Founder Of Never Alone Capital, With Fraud - FinanceFeeds

The Securities and Exchange Commission (SEC) has charged Alan Burak, founder of Never Alone Capital LLC, with orchestrating a fraudulent scheme that raised approximately $4 million, most of which was misappropriated for personal expenses. According to the SEC complaint, between 2018 and 2023, Burak recruited investors by falsely presenting himself as a wealthy hedge fund owner. He claimed Never Alone Capital operated as an investment fund and pr…

5 days ago

Read Full Article

Manhattan District Attorney's Office…

NY Investment Firm Founder Charged With $4M Fraud

The founder of investment firm Never Alone Capital LLC was hit with parallel criminal and civil suits on Wednesday from the Manhattan district attorney and the U.S. Securities and Exchange Commission, alleging he ran a fraudulent scheme that raised approximately $4 million from investors, most of which he then misappropriated for personal use.

6 days ago

Read Full Article