July 14, 2023/Proshare Source: CCPT In a move considered a signal to all financial services providers in the country, especially banks; where the customers are often left in pickles, The Competition and Consumer Protection Tribunal (CCPT) sitting in Abuja on Thursday, July 13, 2023, has fined Stanbic IBTC Bank the […]
Frauds & Scandals
SEC Obtains Final Judgment Against Former SPAC CFO for Orchestrating $5 Million Fraud Scheme
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 […]
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 […]
