Smashmouth Investigative Journalism
An XpresSpa board member, Richard Abbe of Iroquois Capital, has quit the company board during the middle of a heated legal battle accusing board members of deception, undue influence, and fraud. The day before his resignation Abbe, who is named personally in the lawsuit, took the extra step to retain his own lawyer in the […]
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UPDATE 3.4.19: The New York Daily News is reporting 16 other news organizations have joined my fight to unseal this case and to defend the reporters privilege to protect sources. On March 1st legendary media attorney David Schultz, who leads the Yale Media Freedom and Information Access Clinic, filed an AMICUS brief on behalf of […]
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Federal regulators are ramping up their investigation into small-cap broker dealer Laidlaw & Company for their role in executing stock manipulation schemes that left main street retail investors with millions in losses. The Financial Industry Regulatory Authority (FINRA), who is leading the investigation, is currently examining the role of top Laidlaw executives in stock manipulation, […]
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Two Albany, NY men who run a successful small-cap mutual fund are headed to trial next week in a case that started with allegations of self-dealing to steal equity interest in their company in order to get out of paying a founding partner millions. Matt P. Reiner and Greg A. Roeder, the investment officers of […]
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New evidence has come out showing Iroquois Capital, Richard Abbe and his investment partner Bruce Bernstein of Rockmore Capital lied to investors and the Securities Exchange Commission in a take over deal with airport nail salons XpresSpa ($XSPA). I previously reported the duo, are battling a serious fraud case in the Southern District of New […]
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This story has been updated with a response from Laidlaw It appears Honig’s lieutenants at New York brokerage Laidlaw & Company have been actively selling a new deal. One riddle with conflicts of interest and possible self dealing for Matt Eitner and Jimmy Ahern. This week I reported on an Limited Liability Company called PPLL […]
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Last week’s Securities and Exchange Commission suit against high-profile small-cap equity investors Barry Honig and Phillip Frost appears to be the first moves in a much broader crackdown against a network of brokers, promoters and even attorneys that worked with them on numerous transactions, according to internal documents and private communications I’ve obtained. Creatively named […]
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