Category archives: of the SEC’s New York office. “This action demonstrates the resolve of the SEC in pursuing fraudsters who use elaborate financing schemes to engage in securities fraud.”

Joshua Sason, whose Magna Group is one of PdgeMusic’s largest investors, has been sued by the U.S. Securities and Exchange Commission for fraud. A Friday SEC filing accuses Sason of an elaborate scheme to illegally obtain $25 million in shares of penny stock to unload on investors. "Magna Group and…