April 17, 2023/AMCON Following an order of Honourable Justice I. N. Buba of the Federal High Court Lagos Division, the Asset Management Corporation of Nigeria (AMCON) has taken over assets belonging to Glano Nigeria Limited over a huge indebtedness of over N2billion. Recall that AMCON, which is established to recover […]
Frauds & Scandals
SEC Obtains Over $1 Million Final Judgment Against Three Individuals in Microcap Fraud Scheme Targeting Retail Investors
April 5, 2023/US SEC On April 4, 2023, the U.S. District Court for the Eastern District of New York entered final judgments against Utah resident Matthew Nicosia and California residents William (“Rocky”) Reininger, and Ronald Touchard whom the SEC had charged for their roles in a microcap fraud scheme targeting […]
SEC Nigeria Blacklist Five (5) Italian E-Commerce Websites
April 4, 2023/SEC Nigeria The Italian Securities Regulator, (Commissione Nazionale per le Soecieta’ e la Borsa – CONSOB) has blacklisted five (5) additional e-commerce websites for offering unauthorized and fraudulent financial services. The blacklisted websites are: CMS Ltd (capmarketstrategy.io, with its page https://client.capmarketstrategy.io); Bitsterzio (https://www.bitsterzio.com); Invest Atlas (https://investatlas.co) Ether-Arena Ltd […]
