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Litigation: SEC Charges Canadian Company, Recidivist Paul Bilzerian, Others With Scheme to Falsely Inflate Revenues
September 28, 2024
WASHINGTON, Sept. 28 -- The Securities and Exchange Commission issued the following litigation release (No. 1:24-cv-07331; S.D.N.Y. filed Sept. 27, 2024) involving Ignite International Brands, Ltd. et al.:

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On September 27, 2024, the Securities and Exchange Commission charged Canadian consumer goods company Ignite International Brands, Ltd., recidivist Paul Bilzerian, and six other defendants for improperly recognizing and reporting revenue in 2020.

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