Tag Archives: Adesh Kumar Tyagi

SEC Obtains Final Judgment Against Former CEO of Penny Stock Company

Yesterday, The Securities and Exchange Commission announced that it has obtained a final judgment against the former CEO of a penny stock company charged with making false claims in press releases and engaging in manipulative trading in company stock. The final judgment, entered by consent on August 17, 2017 by the Honorable Jeffrey S. White of the U.S. District Court for

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SEC Charges Former CEO of OTC Penny Stock Company with Fraud

  Last Wednesday, the SEC filed fraud charges against Adesh Kumar Tyagi, the former CEO, sole director, and majority shareholder of Systems America, Inc., subsequently renamed Cloudeeva, Inc. The SEC alleges that Tyagi falsely claimed in press releases he issued between July 2010 and September 2011 that the company had hundreds of customers and supported customer operations in nearly 20 countries when, in fact, the

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