February 1, 2023/US SEC The Securities and Exchange Commission announced today that it charged Stamford, Connecticut-based Seong Yeol Lee and Ameritrust Corporation, a public company Lee controls, with stealing at least $4 million from investors in the United States and the Republic of Korea. The SEC is seeking immediate emergency […]
Frauds & Scandals
N5.5 Billion Debt: Supreme Court Affirms Honeywell’s Indebtedness to Ecobank
January 29, 2023/Ecobank Nigeria Ecobank scored a major victory at the Supreme Court on Friday as it won in a N5.5 billion debt dispute against Honeywell and its sister firms, Anchorage Leisures Ltd and Siloam Global Ltd. The Supreme Court dismissed an appeal by Honeywell Flour Mills Limited challenging the […]
SEC Obtains Final Judgment Against Defendant for Role in Offering Fraud
January 26, 2023/US SEC On January 24, 2023, the United States District Court for the Eastern District of New York entered a final consent judgment against New Jersey resident Walter Gil de Rubio for his role in a scheme that defrauded approximately 80 investors of over $3.7 million between June […]
