February 23, 2023/US SEC The Securities and Exchange Commission yesterday charged Kevin Van de Grift and Gil Friedman with insider trading ahead of the April 9, 2018 public announcement that private equity firm Francisco Partners Management, L.P. agreed to acquire payment systems company Verifone Systems, Inc. According to the SEC’s […]
Frauds & Scandals
Puerto Rican Company and Managing Member Settle Fraud Charges
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 […]
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 […]
