U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 23465 / February 11, 2016
Securities and Exchange Commission v. Jilbert Tahmazian, Civil Action No. 2:16-CV-954 (C.D. Cal. filed Feb. 11, 2016)
SEC Charges California Attorney with Fraud for Engaging in a Prime Bank Scheme
The Securities and Exchange Commission today charged Jilbert Tahmazian, a lawyer licensed in the state of California, with fraud for engaging in a prime bank scheme.
The SEC's complaint, filed in federal court in California, alleges that:
The SEC's complaint charges Tahmazian with violations of Section 10(b) of the Exchange Act of 1934 and Rules 10b-5(a) and (c) thereunder, Sections 5(a) and (c) of the Securities Act of 1933 and Sections 17(a)(1) and (3) of the Securities Act.
The SEC's continuing investigation was conducted by Ansu Banerjee and Delane Olson, and supervised by Melissa Hodgman. The litigation will be led by Alfred A. Day.