July 14, 2023/US SEC The Securities and Exchange Commission announced today that it obtained a final judgment in a previously-filed case against Cooper J. Morgenthau, the former CFO of African Gold Acquisition Corp., a SPAC or special purpose acquisition company, for orchestrating a scheme in which he stole more than […]
Frauds & Scandals
SEC Charges Celsius Network Limited and Founder Alex Mashinsky with Fraud and Unregistered Offer and Sale of Securities
Charges include the unregistered offer and sale of crypto asset securities through Celsius’s lending program, making false and misleading statements, and engaging in market manipulation July 13, 2023/US SEC The Securities and Exchange Commission today charged Celsius Network Limited (Celsius) and its founder and former CEO, Alex Mashinsky, for violating […]
Elixir for arraignment October 9 Over N3b Fraud
July 12, 2023/SEC Nigeria The absence of the counsel to Elixir Asset Management Limited, Elixir Investment Partners Limited along with two of their Directors Clara-Bittinger Mshelia-Whyte and Sarah Ogbemudia has stalled the arraignment of the accused persons. The case was subsequently adjourned to October 9th, 2023 for arraignment. They had […]
