July 6, 2023/US SEC EmpiresX Judgment Pires and Goncalves Judgment The Securities and Exchange Commission has obtained final judgments against Empires Consulting Corp. (“EmpiresX”), and its founders Emerson Sousa Pires and Flavio Mendes Goncalves, whom the agency charged with a fake trading scheme. According to the SEC’s complaint, filed June […]
Frauds & Scandals
N2bn Scam: Court Adjourns Trial of Agric Entrepreneur, Ovaioza to July 12
July 4, 2023/SEC Nigera A Federal High Court sitting in Abuja has adjourned the trial of Ovaioza Yunusa who was alleged to be involved in a scam of N2bn to July 12, 2023.The presiding Judge, Justice Gladys Olotu adjourned the case because the defense parties failed to appear before the […]
SEC Charges “Smart” Window Manufacturer, View Inc., with Failing to Disclose $28 Million Liability
SEC declines to impose civil penalties because of company’s self-report, remediation, and cooperation July 3, 2023/US SEC The Securities and Exchange Commission today announced settled charges against a California-based manufacturer of “smart” windows, View Inc., for failing to disclose $28 million in projected warranty-related liabilities to address a particular defect […]
