January 4, 2023/SEC Nigeria The Securities and Exchange Commission has stated that the persisted proliferation of operators running illegal investment schemes in the country continues to be a major critical concern to the capital market. Director General of the SEC Mr. Lamido Yuguda who stated this in a New Year […]
Frauds & Scandals
SEC Obtains Final Judgment Against Individual Behind Bogus Tender Offer
January 3, 2023/US SEC On January 3, 2023, the United States District Court for the Southern District of New York entered a final consent judgment against defendant Melville Peter ten Cate, whom the SEC previously charged with fraud for orchestrating a phony offer to purchase a major U.S. aircraft, defense, […]
SEC Charges Former SPAC CFO for Orchestrating $5 Million Fraud Scheme
January 3, 2023/US SEC The Securities and Exchange Commission today announced fraud charges against Cooper J. Morgenthau, the former CFO of African Gold Acquisition Corp., a SPAC or special purpose acquisition company, for orchestrating a scheme in which he stole more than $5 million from the company and from investors […]
