1 GLOBAL, 2 LAWSUITS - In two separate actions, the SEC sued Eric A. Alexander, former CEO of 1 Global Capital, and Scott A. Merkelson, the company’s former director of business development, Monday in Florida Southern District Court for allegedly defrauding investors of over $320 million via an unregistered securities offering. One lawsuit contends that Alexander manipulated the company’s management fees in order to raise investor returns artificially, and signed off on investor account statements that he knew contained misrepresentations. The other complaint alleges Merkelson helped to perpetuate the fraud by falsifying documents. Attorneys have not yet appeared for the defendant in either case. The case against Alexander is 0:22-cv-60700, Securities and Exchange Commission v. Alexander. The case against Merkelson is 0:22-cv-60702, Securities and Exchange Commission v. Merkelson. Read the complaints here and here and stay up on the latest deals and litigation with the new Law.com Radar.
EDITOR’S PICKS
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.To view this content, please continue to their sites. Not a Lexis Subscriber? Not a Bloomberg Law Subscriber? LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information. For questions call 1-877-256-2472 or contact us at [email protected] You Might Like![]() 5 minute read
Trending Stories
More From ALM
With this subscription you will receive unlimited access to high quality, online, on-demand premium content from well-respected faculty in the legal industry. This is perfect for attorneys licensed in multiple jurisdictions or for attorneys that have fulfilled their CLE requirement but need to access resourceful information for their practice areas.
View Now
Our Team Account subscription service is for legal teams of four or more attorneys. Each attorney is granted unlimited access to high quality, on-demand premium content from well-respected faculty in the legal industry along with administrative access to easily manage CLE for the entire team.
View Now
Gain access to some of the most knowledgeable and experienced attorneys with our 2 bundle options! Our Compliance bundles are curated by CLE Counselors and include current legal topics and challenges within the industry. Our second option allows you to build your bundle and strategically select the content that pertains to your needs. Both options are priced the same.
View Now
Dynamically explore and compare data on law firms, companies, individual lawyers, and industry trends.
Law.com Compass includes access to our exclusive industry reports, combining the unmatched expertise of our analyst team with ALM’s deep bench of proprietary information to provide insights that can’t be found anywhere else.
Law.com Compass delivers you the full scope of information, from the rankings of the Am Law 200 and NLJ 500 to intricate details and comparisons of firms’ financials, staffing, clients, news and events.
July 11, 2024
New York, NY The National Law Journal Elite Trial Lawyers recognizes U.S.-based law firms performing exemplary work on behalf of plaintiffs. Learn More
July 22, 2024 - July 24, 2024
Lake Tahoe, CA GlobeSt. Women of Influence Conference celebrates the women who drive the commercial real estate industry forward. Learn More
September 05, 2024
New York, NY The New York Law Journal honors attorneys and judges who have made a remarkable difference in the legal profession in New York. Learn More Our client, a privately held healthcare and pharmaceuticals organization, has engaged us to identify a Corporate/Assistant Counsel for their... Apply Now › Plaintiff Personal Injury Attorney Rabb, Hamill, P.A, located in Woodbridge, NJ, seeks an experienced NJ licensed Personal Injury attorney. ... Apply Now › Company DescriptionCruser, Mitchell, Novitz, Sanchez, Gaston & Zimet, LLP is a national law firm, seeking an associate for its Bergen Co... Apply Now › |