April 3, 2023/US SEC The Securities and Exchange Commission today charged New Jersey-based Chatham Asset Management LLC and its founder, Anthony Melchiorre, in connection with improper trading of certain fixed income securities. Chatham and Melchiorre agreed to pay more than $19.3 million in combined disgorgement, prejudgment interest, and civil penalties […]
Frauds & Scandals
2b Ponzi Scam: Judge Sets May 4 for Arraignment of Ovaioza, others
April 2, 2023/SEC Nigeria Justice Inyang Ekpo of the Federal High Court, Court 7, Abuja has set May 4, 2023 for the commencement of trial of Ovaioza Farm Produce Storage Business Limited along with Imu Yunusa and Goodness Omeiza on allegations bordering on operating as fund managers without registration by the Securities and Exchange Commission among others. […]
SEC Awards More Than $12 Million to Two Whistleblowers
March 31, 2023/US SEC The Securities and Exchange Commission today announced awards of more than $12 million to two whistleblowers who provided information and assistance in a successful SEC enforcement action. The first whistleblower prompted the opening of the investigation and provided information on violations that would otherwise have been […]
