February 2, 2023/US SEC The Securities and Exchange Commission today charged Steve Susoeff, LLC (dba Meritage Financial Group), a Henderson, Nevada-based investment adviser, and Steven J. Susoeff, its sole owner and principal, for conducting a cherry-picking scheme that defrauded their clients. According to the SEC’s complaint, from January 2021 through […]
Frauds & Scandals
SEC Charges CEO of Microcap Public Company for Defrauding Investors
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 […]
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 […]
