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 […]
Frauds & Scandals
SEC Awards More Than $5 Million to Whistleblower
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 […]
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, […]
