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Brief
The Securities and Exchange Commission (SEC) charges former executive chairman Roderick Vanderbilt with defrauding investors through false statements. The complaint alleges that Vanderbilt participated in a scheme to misrepresent Vinco Ventures' operational status, diverting assets for personal benefit. Key points: The SEC's investigation is ongoing, led by Jordan Baker, Elizabeth Butler, and Tian Wen. The parallel criminal action resulted in Vanderbilt's guilty plea to the same unlawful conduct.
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