TAP Real Estate Technologies Inc (RWAX)

[surfkast]

Your argument is moot. Lies abound. It is more widespread than some think. Also, have you seen how many amended filings some companies have turned in?
Some get caught. Most do not.

Here's information about CEOs charged by the SEC for filing false documents:

Ideanomics and its former CEO: The SEC charged Ideanomics and its former Chairman and CEO, Zheng (Bruno) Wu, for misleading the public about the company's financial performance between 2017 and 2019. They reported revenue guidance of $300 million despite knowing they would fall significantly short. They also allegedly misled the company's auditor to avoid a $17 million write-down and Wu hid personal interests in deals with Ideanomics.

Kubient and its Former CEO: The SEC charged the former CEO of Kubient Inc., Paul D. Roberts, along with the former CFO and former audit committee chair, for a scheme to overstate and misrepresent revenue related to two public stock offerings. Roberts allegedly fabricated reports to recognize $1.3 million in revenue, representing almost all of Kubient's revenue leading up to one of the offerings. The SEC's complaint alleges these tests were never performed. In a related criminal matter, Roberts pleaded guilty to one count of securities fraud.

Alfi Inc.'s Former CEO: The SEC charged Paul Pereira, former CEO of Alfi Inc., for making false and misleading statements about the company's financial and performance metrics on social media and in a press release to boost its stock price. For example, he allegedly falsely claimed that Alfi was entering into a significant contract and that its advertising inventory would be in excess of $100 million by the end of 2021, when in reality it had less than $5 million.

SKAEL and its former CEO: The SEC charged the former CEO of tech startup SKAEL with misleading investors about the company's revenue metrics. The SEC alleges he falsely portrayed the company as a viral social media platform that organically attracted a large number of users, and that he raised approximately $170 million from investors through this fraud.
Data Center Company CEO: A data center company CEO was indicted for major fraud and making false statements to the U.S. Securities and Exchange Commission, with charges including six counts of major fraud against the United States and one count of making false statements. The charges indicate schemes to defraud the SEC that undermined the integrity of the government procurement process.

Former McDonald's CEO: The SEC charged McDonald's former CEO, Stephen Easterbrook, for making false and misleading statements about the circumstances leading to his termination. He agreed to a five-year officer and director bar and a $400,000 civil penalty without admitting or denying the findings.
Cassava Sciences, Inc., and its Former CEO: The SEC charged Cassava Sciences, its founder and former CEO, Remi Barbier, and a former Senior Vice President with making misleading statements in September 2020 about the results of a clinical trial for an Alzheimer's therapeutic. They agreed to pay over $40 million to settle these charges.

Rimar Capital Entities and Owner: The SEC charged Rimar Capital USA, Rimar Capital, LLC, and its owner and CEO, Itai Liptz, along with a board member, for making false and misleading statements about the company's purported use of artificial intelligence to perform automated trading for client accounts. They agreed to settle the charges and pay $310,000 in civil penalties.

Mass Ave Global Inc. and Co-founder: The SEC charged formerly registered investment adviser Mass Ave Global Inc. and its co-founder and CEO, Winston M. Feng, for making false and misleading statements to investors about the firm's flagship opportunity fund's holdings and exposures. Feng agreed to pay a $250,000 civil penalty and be suspended for 12 months from industry-related work.

These cases highlight the SEC's commitment to holding executives accountable for violations of securities laws, particularly those related to the accuracy of company disclosures and financial reporting. The SEC seeks to protect investors by pursuing fraud schemes and ensuring companies provide fair and full disclosure.