SEC cannot locate TheBull accused of insider trading fraud

The United States Securities and Exchange Commission (SEC) appears to be having difficulties with its action brought against Apostolos Trovias, also known as TheBull. Trovias is charged with perpetrating a fraudulent scheme to sell what he called “insider trading tips” on the Dark Web.

According to a letter filed by the SEC in the New York Southern District Court on September 21, 2021, the Commission understands that Trovias has been detained in Peru pursuant to a request by the Department of Justice, pending an extradition request by the U.S. Attorney’s Office for the Southern District of New York (USAO).

Neither Commission counsel nor, to their knowledge, the USAO has been able to determine where Trovias is being held in Peru. Nor has any attorney for Trovias contacted Commission counsel.

Until the Commission obtains an address for Trovias, it cannot request that Peruvian authorities serve Trovias under the Inter-American Convention on Letters Rogatory and Additional Protocol, the applicable service convention.

According to the SEC’s complaint, filed in the U.S. District Court for the Southern District of New York, from at least December 2016 through early 2021, Trovias—operating under the pseudonym “TheBull”—engaged in a deceptive scheme to offer and sell so-called “insider trading tips” on Dark Web marketplaces to purchasers whom Trovias offered an unfair advantage for trading securities in the public markets.

As alleged in the complaint, Trovias claimed that the information he was selling consisted of order-book data from a securities trading firm that was provided to Trovias by an employee of the firm. Trovias allegedly sold those “tips” through one-off sales, as well as weekly and monthly subscriptions. Trovias allegedly sold over 100 subscriptions to investors via the Dark Web over the course of the scheme.

The complaint alleges that, in addition to order-book information, Trovias sold the pre-release earnings reports of publicly traded companies. The complaint further alleges that Trovias acknowledged to federal authorities that this information was “sensitive and more importantly illegal to use or share.”

The SEC’s complaint charges Trovias with violating the antifraud provisions of the federal securities laws. The complaint seeks injunctive relief, disgorgement, prejudgment interest and penalties against Trovias.

Posted on

40 Replies to “SEC cannot locate TheBull accused of insider trading fraud”

  25. YoWe came across this page from another website and decided to take a look. I’m enjoying what I see, so I’m going to follow you. Excited to keep exploring your website.Talk to you soon.

  26. HiyaWe came across this page on another website and decided to take a look. I’m enjoying what I see, so I’ll be following you. Excited to delve deeper into your website.Peace out.

  27. Hello, mateWhile exploring a new website, we came across a webpage that immediately caught our interest. We are incredibly impressed with our findings so far and eagerly look forward to your future updates. We are excited to further explore your website and uncover all the amazing features it has to offer.Bye-bye.

  28. What’s new?I was deeply moved by your post, which ignited a strong desire in me to explore the topic further. I have great admiration for your profound insights and expertise, and I genuinely appreciate your unique perspective. Thank you for generously sharing your thoughts and taking the time to do so!

  30. Vibrómetro
    Sistemas de equilibrado: esencial para el desempeño uniforme y efectivo de las maquinarias.

    En el entorno de la tecnología moderna, donde la efectividad y la seguridad del sistema son de alta relevancia, los equipos de calibración juegan un tarea crucial. Estos sistemas dedicados están desarrollados para balancear y fijar piezas rotativas, ya sea en herramientas de fábrica, transportes de transporte o incluso en aparatos domésticos.

    Para los especialistas en mantenimiento de aparatos y los ingenieros, utilizar con sistemas de balanceo es esencial para garantizar el desempeño fluido y seguro de cualquier mecanismo rotativo. Gracias a estas opciones tecnológicas avanzadas, es posible reducir considerablemente las movimientos, el zumbido y la carga sobre los rodamientos, extendiendo la longevidad de piezas costosos.

    También trascendental es el papel que juegan los equipos de calibración en la soporte al comprador. El soporte experto y el soporte permanente aplicando estos equipos habilitan ofrecer soluciones de alta estándar, aumentando la agrado de los compradores.

    Para los titulares de empresas, la contribución en sistemas de ajuste y medidores puede ser importante para mejorar la efectividad y productividad de sus dispositivos. Esto es especialmente trascendental para los empresarios que administran reducidas y intermedias organizaciones, donde cada detalle cuenta.

    Además, los aparatos de balanceo tienen una vasta aplicación en el sector de la protección y el supervisión de estándar. Facilitan encontrar potenciales fallos, evitando mantenimientos elevadas y perjuicios a los aparatos. Más aún, los datos extraídos de estos aparatos pueden usarse para mejorar procedimientos y potenciar la exposición en plataformas de investigación.

    Las campos de utilización de los sistemas de balanceo comprenden numerosas industrias, desde la producción de vehículos de dos ruedas hasta el monitoreo de la naturaleza. No importa si se refiere de enormes manufacturas industriales o pequeños locales hogareños, los equipos de equilibrado son necesarios para promover un rendimiento efectivo y sin riesgo de detenciones.

  37. Cazeus ist ein neues und innovatives Online-Casino, das eine große Auswahl an Spielen und großartige Funktionen für die Spieler bietet.
    Diese Boni helfen neuen Spielern, das Casino-Portfolio zu erkunden und bieten zusätzliche Gewinnchancen. Neue Spieler im Cazeus Casino können von großzügigen Willkommensboni profitieren. Genießen Sie ein 200% Willkommenspaket, das Ihnen einen fantastischen Start in die aufregende Welt von Cazeus casino ermöglicht. Neue Spieler haben Zugang zu Tutorials, Proberunden und einem lohnenden Willkommensbonus.
    Cazeus Casino bietet zwei Haupteinzahlungsboni an, einen für Casinospieler und einen für Sportwettende. Cazeus Casino erwartet dich mit einem Ersteinzahlungsbonus von 100% bis 500€, 200 Freispielen und eine Runde mit der Bonus Krabbe. Cazeus casino bietet Ihnen eine breite Palette an spannenden Spielen, von klassischen Slots bis hin zu fesselnden Tischspielen und Live-Dealer-Erlebnissen.

    References:
    https://online-spielhallen.de/dein-vulkan-vegas-casino-cashback-so-funktionierts/

  38. But in every real money online casino, there are risks, so you have to determine for yourself if it’s worth taking a chance. So, what are your options if you want to play at a real money online casino in Australia ? Check out our top 15 picks and snag the best welcome bonuses at Australian real money gambling sites. Top casinos typically offer 3,000–6,000 online slots, with many showing real-time stats like hit frequency and bonus trigger rates to help guide smarter choices.
    We only choose legal and licensed real money online casinos that we believe offer some of the best games, security, payout speeds and responsible gaming tools. With legal online casinos expanding in the United States, there are more and more opportunities to play real money slots, table games and live dealer games. The best USA online casinos offer every single one of their real money games in free-play mode. From online pokies to live dealer games, these Aussie online casinos provide an engaging and thrilling gaming experience where you can play online casino games. Yes, you can win real money at online casinos by playing games such as slots, table games, and live dealer games.
    Once you lose a certain amount of money at an online casino, you get a percentage of it back in bonus funds. You shouldn’t settle for Australian online casino sites that need 3 days to approve a payout request. Wagering requirements must be within industry limits, the bonuses should be accessible to all players, and the expiry dates should be reasonable. The three things these games have in common are that their RTP is very high (usually 98%+), the gameplay is quick, and they all offer a different type of gameplay.

    References:
    https://blackcoin.co/this-is-vegas-casino-review/

Leave a Reply

Your email address will not be published. Required fields are marked *