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    • SEC charges two men who ‘committed securities fraud with help from Cayman broker Valor Capital’

    SEC charges two men who ‘committed securities fraud with help from Cayman broker Valor Capital’

    Nearly three months after they were criminally indicted in the United States for allegedly perpetrating a $150 million securities fraud with the help of a Cayman Islands brokerage – Valor Capital – operated by a citizen of Latvia, Joseph Padilla and Kevin Dills have been sued for fraud by the Securities and Exchange Commission.