—Bank Accounts Remain Frozen Over N69.4billion Debt June 8, 2023/AMCON The Court of Appeal Lagos State Division has dismissed an appeal brought before it by Barrister Jimoh Ibrahim, the chairman of Global Fleet Group who is challenging the seizure of 12 of his assets by the Asset Management Corporation of Nigeria (AMCON), […]
Frauds & Scandals
SEC Charges Financial Advisor with Fraud for Stealing from Elderly Customers to Pay Personal Expenses
June 7, 2023/US SEC The Securities and Exchange Commission yesterday charged Douglas McKelvey, a former financial advisor with fraud for misappropriating more than $1.7 million from two elderly brokerage customers who were close relatives of McKelvey’s. The SEC’s complaint alleges that from June 2013 to February 2022, while employed as […]
SEC Charges Coinbase for Operating as an Unregistered Securities Exchange, Broker, and Clearing Agency
Coinbase also charged for the unregistered offer and sale of securities in connection with its staking-as-a-service program. June 6, 2023/US SEC The Securities and Exchange Commission today charged Coinbase, Inc. with operating its crypto asset trading platform as an unregistered national securities exchange, broker, and clearing agency. The SEC also […]
