March 15, 2023/US SEC The Securities and Exchange Commission today charged recidivist Peter Krieger, a former manager of Oban Energies, LLC (“Oban”), with misappropriating approximately $5.2 million of investor funds for his personal use including to purchase luxury cars and jewelry. Oban is a Florida-based entity formed to develop an […]
Frauds & Scandals
SEC Charges Exiled Chinese Businessman Miles Guo and His Financial Advisor William Je in $850 Million Fraud Scheme
March 15, 2023/US SEC The Securities and Exchange Commission today charged exiled Chinese businessman Miles Guo and his financial advisor William Je for their involvement in unregistered and fraudulent offerings that raised more than $850 million. According to the SEC’s complaint, since April 2020, Guo, also known as Ho Wan […]
SEC Charges IT Services Provider DXC Technology Co. for Misleading Non-GAAP Disclosures
March 15, 2023/US SEC The Securities and Exchange Commission today charged DXC Technology Company, an IT services company in Ashburn, Virginia, with making misleading disclosures about its non-GAAP financial performance in multiple reporting periods from 2018 until early 2020. According to the SEC’s order, DXC materially increased its reported non-GAAP […]
