A Virginia man consented to pay more than $4 million in disgorgement to investors, including former military officers and a federal retiree, less than a week after the SEC alleged that he fraudulently induced them to purchase loan agreements.
Andrew Scott Corbman agreed to the entry of a final judgment against him in the US District Court for the Eastern District of Virginia, contingent on an order requiring him to pay $4.15 million in a parallel criminal case.
The Securities and Exchange Commission under Chairman Paul Atkins has announced its intent to focus on individual offenders and investor harm, bringing ...
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