January 19, 2023/US SEC The Securities and Exchange Commission today charged Nexo Capital Inc. with failing to register the offer and sale of its retail crypto asset lending product, the Earn Interest Product (EIP). To settle the SEC’s charges, Nexo agreed to pay a $22.5 million penalty and cease its […]
Frauds & Scandals
SEC Charges Four Individuals for Their Roles in a Prime Bank Fraud
January 19, 2023/US SEC The Securities and Exchange Commission today announced charges against disbarred attorney and convicted felon John Mark Marino of Delray Beach, Florida, and three other individuals-Jason “Jai” Johnson, Anthony Brown, and Abraham Borenstein-for their involvement in defrauding a senior citizen couple of their retirement funds. The SEC’s […]
MTN Ghana Share Prices Drops Following US$761m Tax Claims
January 19, 2023/ Source: Broadcast Media Africa MTN Ghana recently disclosed that its shares plunged at the news that they are facing a US$761 million tax claim from the Ghana Revenue Authority. BMA understands that the assessment’s base component (excluding penalties and interest) on MTN Ghana’s analysis infers that MTN […]
