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, […]
Frauds & Scandals
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 […]
SEC Charges Privately Held Monolith Resources for Using Separation Agreements that Violated Whistleblower Protection Rules
September 11, 2023/US SEC The Securities and Exchange Commission today announced settled charges against Monolith Resources LLC, a privately held energy and technology company headquartered in Lincoln, Nebraska, for using employee separation agreements that violated the SEC’s whistleblower protection rules. According to the SEC’s order, from February 2020 until early […]