July 21, 2023/US SEC The Securities and Exchange Commission today charged Alexander Elbanna and three entities that he owned and controlled with engaging in a fraudulent scheme involving unregistered offers and sales of crypto asset securities called “DWE” and “BPC.” The SEC also charged Elbanna and one of his entities […]
Frauds & Scandals
Ecobank Says Honeywell’s N72.2bn Judgement Claim is an Exercise in Futility
July 21, 2023/Ecobank Nigeria Ecobank Nigeria Limited has lodged an appeal against the ruling of the Federal High Court, Lagos, delivered by Hon. Justice M. Liman, in the N72bn lawsuit brought against the bank by Honeywell Flour Mills Plc. A spokesperson for Ecobank asserted that the judgement claim is an […]
SEC Obtains Final Judgment Against Operator of Multi-Million Dollar Ponzi Scheme
July 20, 2023/US SEC The Securities and Exchange Commission today announced the resolution of its case against Ryan Morgan Evans, the last remaining defendant in the SEC’s action arising out of a multi-million-dollar Ponzi and pyramid scheme and offering fraud known as “Saivian.” Evans agreed to pay $338,743 in disgorgement, […]
