February 23, 2023/US SEC On February 22, 2023, the Securities and Exchange Commission obtained a final judgment in the U.S. District Court of Puerto Rico against defendants Back to Green Mining, LLC and José Jiménez Cruz. The SEC filed its action on September 21, 2021, charging Back to Green Mining […]
Frauds & Scandals
SEC Charges African Gold Acquisition Corp. with Internal Controls, Reporting, and Recordkeeping Failures
Control failures enabled former CFO to misappropriate approximately $1.2 million from the SPAC’s operating bank account February 22, 2023/US SEC The Securities and Exchange Commission today announced settled charges against African Gold Acquisition Corp., a publicly traded special purpose acquisition company (SPAC), for internal controls, reporting, and recordkeeping violations. These […]
SEC Charges The Church of Jesus Christ of Latter-day Saints and Its Investment Management Company for Disclosure Failures and Misstated Filings
February 21, 2023/US SEC The Securities and Exchange Commission today announced charges against Ensign Peak Advisers Inc., a non-profit entity operated by The Church of Jesus Christ of Latter-day Saints to manage the Church’s investments, for failing to file forms that would have disclosed the Church’s equity investments, and for […]
