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Welcome to our News & Updates Page
Keep updated with the firm's successes, SEC Enforcement Actions and our Social Media.

Press & Updates

SEC Updates

January 21, 2022

SEC awarded judgment against Justin Keener and JMJ Financial for Unregistered Dealer Activity in Securities

November 10, 2021
The Basile Law Firm P.C. Wins Landmark Case in The New York Court of Appeals 6 - 1 Decision in Favor of Client. Adar Bays, LLC v Genesys ID, Inc. No. 51, 2021 BL 393765 (N.Y. Oct. 14, 2021)

October 14, 2021
New York Court of Appeals affirms all legal position taken against toxic lender in a 6 - 1 decision in favor of Client GeneSYS ID, Inc. holding convertible notes are subject to NY's usury laws and are void if interest rate exceeds 25% . Adar Bays, LLC v GeneSYS ID, Inc. No. 51, 2021 BL 393765 (N.Y. Oct. 14, 2021)

March 24, 2020

SEC Sues Justin Keener and JMJ Financial for Unregistered Dealer Activity in Securities

September 3, 2020

SEC Sues John M. Fife and 5 of his companies for Unregistered Dealer Activities in Securities

December 10, 2021

A Massachusetts Federal Court denies toxic lender's motion to dismiss counterclaims that Auctus Fund LLC violated the dealer registration requirement of the Securities Act and denied dismissal of our clients rescission claim. Auctus Fund, LLC v Players Network, Inc. Case no. 1:20-cv-10766

February 26, 2020

SEC Sues John D. Fierro and JDF Capital, LLC for Unregistered Dealer Activity in Securities

December 22, 2020
The Basile Law Firm P.C. saves NASDAQ client VERB Technologies, Inc.(VERB) (formally nFUSZ) $12M from an aggressive convertible note lender. EMA Fin. LLC v nFUSZ, Inc., 444 F. Supp. 3d 539 (S.D.N.Y. 2020)

August 18, 2022

NY Supreme Court sides with our client FTE Networks, Inc. (FTEN) and denies toxic lender, GS Capital Partners LLC. summary judgment on its $1.8M claim for breach of contract based on our clients defense that the transaction is criminally usurious. Case no. 650626/2021

June 7, 2022

SEC Sues LG Capital Funding LLC  for Unregistered Dealer Activities in Securities

January 28, 2022

A Minnesota State Court denies toxic lender's motion for summary judgment. Orders Carebourn Capital LP to produce documents and awards DarkPulse, Inc. attorneys fees on DarkPulses motion to Compel compliance with discovery requests., Inc. Case no. 27-cv-21-1173

September 23, 2022

SEC Sues Morningview Financial, LLC and Miles Riccio, et al.  for Unregistered Dealer Activities in Securities

January 21, 2022

SEC awarded judgment against Justin Keener and JMJ Financial for Unregistered Dealer Activity in Securities

November 7, 2022

SDNY federal court sides with our client Exeled Holdings, Inc. (ELED) and vacates toxic lender, LG Capital Funding LLC. judgment in the amount of $744,000.00 for breach of contract based on our clients defense that the transaction is criminally usurious. Case no. 1:17-cv-04006

April 23, 2023

Minnesota State Court grants summary judgment to our client Darkpulse, Inc. (DPLS) finding that toxic lender Carebourn Capital is an unregistered dealer and voided the transactions.  Case no. 27-cv-21-1173

March 1, 2023

SDNY federal court denies toxic lender EMA Financial's motion to dismiss a Federal RICO claim brought by our client Darkpulse, Inc. (DPLS) on the ground that the complaint sufficiently alleged that EMA was engaged in the business of collection of an unlawful debt. Case no. 1:22-cv-45

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