June 14, 2023/US SEC The Securities and Exchange Commission yesterday charged Patrick Thayer of Cincinnati, Ohio, previously a dually-registered representative and investment advisory representative, with misappropriating more than $1.3 million from an advisory client. The SEC’s complaint alleges that in November 2013, Thayer surreptitiously established an account in a client’s […]
Frauds & Scandals
SEC Charges Investment Adviser and Principal in Abusive Naked Short Selling Scheme
June 14. 2023/US SEC The Securities and Exchange Commission today charged investment adviser Sabby Management LLC and its managing partner, Hal D. Mintz, with fraud in connection with a long running scheme involving misrepresentations and violations of rules for short selling and order making, as well as other violative trading, […]
N3.7bn Scam: UK Dion, Diongoli arraigned on 61 Count Charge
June 13, 2023/SEC Nigeria Justice Ambrose Lewis Allagoa of the Federal High Court, Court 3, Ikoyi Lagos has fixed July 21st for the commencement of trial of Mr Michael Ukiye Diongoli, and his two companies, UK Dion Group and UK Dion Investment Limited on a 61 count charge of defrauding unsuspecting investors […]
