SEC v. Trends Investments Inc.

Trends Investments Inc. allegedly engaged in a scheme to defraud investors in private offerings and sales of shares of two publicly traded companies. Bendelac allegedly participated in the scheme by placing manipulative trades. Cappelini allegedly provided assistance to the scheme and to Bendelac by giving Bendelac access to his brokerage account and funding it, according to the SEC.

Summary generated from official Securities and Exchange Commission press release