SEC v. Andrew Scott Corbman

Andrew Scott Corbman allegedly conducted a $4.15 million fraudulent scheme. According to the SEC’s complaint, from 2019 through 2023, Corbman convinced multiple investors to purchase more than $4 million of securities by making false and misleading statements about his investment track record, the riskiness of the investments, and the use of investor funds. Corbman allegedly misused investors’ funds by engaging primarily in extremely high-risk trading and misappropriating funds to pay his own personal expenses.

Summary generated from official Securities and Exchange Commission press release