Former Lugano Diamond CEO sued by SEC over $1 billion revenue fraud scheme
( September 1, 2026, 21:00 GMT | Official Statement) -- MLex Summary: The US Securities and Exchange Commission filed charges against Mordechai Ferder, the founder and former CEO of Lugano Diamonds & Jewelry, for allegedly running a fraud scheme that caused Lugano and its public parent company to recognize more than a billion dollars of fictitious revenue.Statement follows below. Document attached....
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