March 31, 2023/US SEC On March 10, 2023, the U.S. District Court for the Western District of Texas entered a final judgment against William Andrew Stack, an attorney and nominal CEO of Preston Corp. (a/k/a Preston Royalty Corp.), a now-defunct financial services provider for the mining industry, enjoining him from […]
Frauds & Scandals
First Bank Issues Update to Media Report on a Charge Brought Against the Bank
March 30, 2023/FirstBank of Nigeria Our attention has been drawn to a sponsored sensational report by some online publications on a charge brought against the Bank. While we will not be able to offer further comments as the matter is sub-judice, suffice it to say that the basis of the charge is […]
SEC Charges Hedge Fund Trader and Broker-Dealer Partner in Multi-Million Dollar SPAC Insider Trading Scheme
March 30, 2023/US SEC The Securities and Exchange Commission today filed insider trading charges against Sean Wygovsky, a former trader at a Canadian asset management firm, and Christopher Matthaei, a former partner at a U.S. broker-dealer, for using nonpublic information in advance of at least seven merger announcements involving Special […]
