May 19, 2023/US SEC The Securities and Exchange Commission announced charges against Daniel E. Levin, from Dallas-Fort Worth, with acting as an unregistered broker-dealer. According to the SEC’s complaint filed on May 9, 2023, Levin solicited investors to purchase approximately $2.6 million worth of units in a fund he controlled, […]
Frauds & Scandals
SEC Obtains Default Judgments Against Unregistered Brokers for Conducting a Fraudulent and Unregistered Offering of Crypto Asset Securities
May 18, 2023/US SEC On May 10, 2023, the U.S. District Court for the Northern District of Illinois entered final judgments against Chicago Crypto Capital LLC (“CCC”), its owner, Brian Amoah, and former salesman Elbert “Al” Elliott, whom the SEC previously charged with violations of the federal securities laws. According […]
Elixir Dragged to Court for Allegedly Defrauding Toyota Nigeria, others of Over N3b
May 18, 2023/SEC Nigeria Elixir Asset Management Limited, Elixir Investment Partners Limited along with two of their Directors have been dragged before the Federal High Court sitting in Ikoyi, Lagos on allegations of fraud to the tune of over N3b. In a four count charge brought against the companies and […]
