During the debarment period, Goldsun Investments Company Ltd. will be ineligible to participate in Bank Group-financed operations and activities May 9, 2023/AfDB The African Development Bank Group, on 9 May 2023, announces a 24-month debarment of Goldsun Investments Company Ltd. with effect from 31 January 2023. Goldsun Investments Company Ltd. […]
Frauds & Scandals
Court Enters Final Judgment Against Former Broker for Stealing from Elderly Investors
May 9, 2023/US SEC On May 5, 2023, the U.S. District Court for the Eastern District of New York entered a final judgment against former NJ broker, Joseph Orazio DeGregorio, enjoining him from violating certain provisions of the federal securities law and imposing other remedies. According to the SEC’s complaint, […]
SEC Charges Two Individuals for Facilitating Multi-Million Dollar Offering Fraud
May 9, 2023/US SEC On March 27, 2023, the Securities and Exchange Commission charged Wayne McLean and Joan Powell in connection with a fraudulent scheme to sell purported shares of Eastern Metal Securities (EMS). The SEC previously charged Roger Nils-Karlsson in connection with the EMS scheme that victimized thousands of […]
