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Tag: sebastian silea

SEC Charges Texas-Based Company and Founders with Defrauding Dozens of Investors
Business

SEC Charges Texas-Based Company and Founders with Defrauding Dozens of Investors

Securities and Exchange Commission, SEC charges Christian Kranenberg, Sebastian Silea, and their company, KS Cartel with fraud involving $1.1 million (STL.News) The Securities and Exchange Commission (SEC) charged Texas residents Christian Kranenberg and Sebastian Silea, and their company KS Cartel, with defrauding dozens of investors out of $1.1 million through a fraudulent and unregistered securities offering. The SEC's complaint alleges that Kranenberg and Silea falsely held themselves out to prospective investors as highly qualified business and industry professionals with a history of successful trading.  According to the complaint, KS Cartel, Kranenberg, and Silea falsely guaranteed that investors would lose no more than 50 percent of their initial investment, and claimed, without a...