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 […]
Frauds & Scandals
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 […]
SEC Awards Whistleblower More Than $9 Million
July 12, 2023/US SEC The Securities and Exchange Commission today announced an award of more than $9 million to a whistleblower whose significant and detailed information and assistance led to a successful SEC enforcement action. After repeatedly internally reporting the concerns, the whistleblower alerted SEC’s Enforcement Division to the conduct, […]
