April 4, 2023/US SEC The Securities and Exchange Commission today charged Charlie Javice, the founder of the now shuttered student loan assistance company previously known as Frank, with fraud in connection with the $175 million sale of the company to JPMorgan Chase Bank, N.A., (JPMC) in 2021. The SEC’s complaint […]
Frauds & Scandals
SEC Charges Chatham Asset Management and Founder Anthony Melchiorre for Improper Fixed Income Securities Trading
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 […]
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. […]
