June 14, 2023 RESIDENT BOLA AHMED TINUBU SUSPENDS BAWA INDEFINITELY FROM OFFICE AS CHAIRMAN ECONOMIC & FINANCIAL CRIMES COMMISSION President Bola Ahmed Tinubu,GCFR, has approved the indefinite suspension from office of Mr. AbdulRasheed Bawa, CON, as the Chairman, Economic and Financial Crimes Commission (EFCC) to allow for proper investigation into […]
Frauds & Scandals
SEC Charges Ohio Investment Adviser with Misappropriating Over $1.3 Million from a Retail Investor
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 […]
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, […]
