Dossier
Ongkaruck Sripetch
Coverage of Ongkaruck Sripetch in the Nexus archive.
- Supreme Court upholds broad reading of SEC authority to recoup ill-gotten gains in fraud cases
The Supreme Court unanimously upheld the SEC's authority to recoup ill-gotten gains from securities fraud cases without requiring proof of individual investor losses. The ruling involved Ongkaruck Sripetch, who engaged in fraudulent penny stock schemes and was ordered to repay over $3 million.