Robert Baucom
SEC’s increasing scrutiny trend bodes well for anti-fraud professionals
On July 19, 2021, the U.S. Securities and Exchange Commission (SEC) alleged that Aron Govil defrauded investors of over $7 million through a scheme using investor funds in two companies he controlled, Cemtrex Inc. and Telidyne Inc., for personal expenses. The SEC also alleged that Govil engaged in scalping, insider trading and failing to file required disclosures with the SEC.
Written By: R. Thomas Godwin, Ph.D., CPA, CGMA, Robert Baucom
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