September 12, 2023/US SEC The Securities and Exchange Commission today charged Alfonse Gregory Giugliano, CPA, the former National Assurance Services Leader at Marcum LLP, a public accounting firm, with failing to sufficiently address and remediate numerous deficiencies in Marcum’s quality control system. The SEC previously charged Marcum for these quality […]
Frauds & Scandals
SEC Charges Alternative Investment Platform YieldStreet for Misleading Investors
September 12, 2023/US SEC The Securities and Exchange Commission today announced a settled action against New York-based YieldStreet Inc. and its registered investment adviser subsidiary, YieldStreet Management LLC (together, YieldStreet), for failing to disclose critical information to investors in a $14.5 million asset-backed securities offering. According to the SEC’s order, […]
Online scams in Africa: KnowBe4 report reveals how cybercriminals trick their victims
53% of the respondents who fell victim, were convinced the offer was legitimate because the website looked real, while nearly 48% of the scams were financial September 11, 2023/KnowBe4 Key findings: 40% of the respondents from eight countries had been scammed online Distraction and multi-tasking made 43% of the victims […]
