Alleged Fake Trading Accounts Scam Busted Up by SEC

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In a parallel action, the U.S. Attorney’s Office for the District of New Jersey announced criminal charges against the two men.

The SEC also previously charged four other individuals and two entities in connection with the Nonko fraud. To date, two of the four individuals, Naris Chamroonrat and Adam Plumer, have settled the SEC’s charges. Chamroonrat pleaded guilty in a parallel criminal case. The criminal charges against the two other individuals, Yaniv Avnon and Ran Armon, are pending.

The SEC complaint charged Goldman and Eikenberry with fraud and with aiding and abetting Nonko’s fraud and broker-dealer registration violations. The SEC is seeking injunctions and the disgorgement of their allegedly ill-gotten gains, plus interest and penalties.