SEC Charges Rothenberg Ventures in Fraudulent Scheme

Re:SEC Charges Rothenberg Ventures in Fraudulent Scheme by ajiang on Monday August 20, 2018 @06:06PM (#17804441)

Without admitting or denying the allegations in the SEC’s complaint, Rothenberg and Rothenberg Ventures agreed to settle the charges. The settlement is subject to approval by the federal district court for the Northern District of California which would determine the amount of disgorgement and civil money penalties. Rothenberg also agreed to be barred from the brokerage and investment advisory business with a right to reapply after five years. An SEC order imposing the bar will be instituted following court approval of the settlement.

Fascinating, but not surprising, that it settled right away. I am curious whether the settlement details would be made available in any way.

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Re:SEC Charges Rothenberg Ventures in Fraudulent Scheme by ciscoriordan on Monday August 20, 2018 @06:11PM (#17804473)

Whistleblower here. It took 25 months from when I reported the fraud until the settlement.

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Re:SEC Charges Rothenberg Ventures in Fraudulent Scheme by function_seven on Monday August 20, 2018 @06:14PM (#17804497)

I hope you were well compensated for going out on that limb. Thanks.

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Re:SEC Charges Rothenberg Ventures in Fraudulent Scheme by kirillseva on Monday August 20, 2018 @06:23PM (#17804587)

the whistleblower gets some significant % of settlement

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Re:SEC Charges Rothenberg Ventures in Fraudulent Scheme by throwawaymath on Monday August 20, 2018 @06:14PM (#17804504)

Out of curiosity, would you do it again? Has there been any damage to your professional life?

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Re:SEC Charges Rothenberg Ventures in Fraudulent Scheme by jboggan on Monday August 20, 2018 @06:30PM (#17804632)

Article is about the whistleblower/commenter above.

https://www.bloomberg.com/news/articles/2017-05-09/he-blew-t...

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Re:SEC Charges Rothenberg Ventures in Fraudulent Scheme by miguelmota on Monday August 20, 2018 @07:35PM (#17805176)

> Rothenberg’s staff included frat brothers from Stanford, and he was known for buying luxury boxes at concerts and high-profile sporting events, sponsoring auto racing, supplying virtual-reality headsets at parties he threw for minor celebrities, organizing puppy-petting parties, even renting out San Francisco’s AT&T Park, where the Giants play.

How much do puppy-petting parties cost?

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Re:SEC Charges Rothenberg Ventures in Fraudulent Scheme by dlgeek on Tuesday August 21, 2018 @01:38AM (#17807274)

Hell, if you do it right, I bet you could work with a local shelter to get it for just about free, if you're a big enough business.

Get them to bring the pets on site (maybe you'd have to pay for transit costs?) for an adoption drive where employees could play with the animals and start the adoption process if they found the right one.

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Re:SEC Charges Rothenberg Ventures in Fraudulent Scheme by downandout on Monday August 20, 2018 @10:43PM (#17806456)

I can see why future employers might find this tough to swallow. It’s a difficult thing because on the one hand you want enployees that do the right thing and are generally ethical people, and this certainly shows that he meets that criteria. On the other hand, companies don’t want the liability of having an employee that has proven that they are willing to share confidential information and documents, such as bank records, with third parties - regardless of the reason.

I hope he lands on his feet, or gets enough of a reward that he doesn’t have to work for a while, since finding work may be tough now. Doing the right thing isn’t always easy.

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Re:SEC Charges Rothenberg Ventures in Fraudulent Scheme by zeusk on Monday August 20, 2018 @06:34PM (#17804661)

Available only for users with terminal access.

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Re:SEC Charges Rothenberg Ventures in Fraudulent Scheme by larkinrichards on Monday August 20, 2018 @06:52PM (#17804820)

Google webcache text only works:

http://webcache.googleusercontent.com/search?q=cache:eaNgmTP...

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Re:SEC Charges Rothenberg Ventures in Fraudulent Scheme by coverband on Monday August 20, 2018 @06:58PM (#17804873)

If Google webcache expires, there's archive.org: http://web.archive.org/web/20170509120239/https://www.bloomb...

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Re:SEC Charges Rothenberg Ventures in Fraudulent Scheme by jhabdas on Tuesday August 21, 2018 @07:03AM (#17808562)

If archive.org stops working there's…

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Re:SEC Charges Rothenberg Ventures in Fraudulent Scheme by munk-a on Monday August 20, 2018 @06:13PM (#17804491)

Good job and thanks for sticking your neck out!

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Re:SEC Charges Rothenberg Ventures in Fraudulent Scheme by jboggan on Monday August 20, 2018 @06:26PM (#17804604)

Good job Francisco!

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Re:SEC Charges Rothenberg Ventures in Fraudulent Scheme by samstave on Monday August 20, 2018 @09:08PM (#17805877)

Can you eli5/to:Dr exactly what the frauds were

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