January 13, 2023/US SEC The Securities and Exchange Commission today announced an award of more than $5 million to a whistleblower whose information led to a successful SEC enforcement action. The whistleblower provided a tip and additional information that helped SEC staff shape its investigative strategy, identify witnesses, and draft […]
Frauds & Scandals
SEC Charges Los Angeles Individual with Perpetrating a $47 Million Affinity Fraud Targeting Members of the Orthodox Jewish Community
January 12, 2023/US SEC The Securities and Exchange Commission announced today that it filed charges against Yossi Engel for perpetrating a $47 million affinity fraud from December 2018 to January 2020, targeting at least 29 members of the Orthodox Jewish community. The SEC’s complaint alleges that Engel, through his company, […]
Guaranty Trust Bank UK reaches settlement with the FCA in connection with historical AML controls
January 11, 2023/JSP Communications Guaranty Trust Bank UK Limited (GTBank UK) has reached settlement with the FCA, accepting findings in relation to historical Anti-Money Laundering (AML) controls in its operations in the period October 2014 to July 2019. The Bank has cooperated fully with the FCA investigation and has agreed […]
