October 18, 2022/US SEC The Securities and Exchange Commission filed charges against the estate of Stephen Romney Swensen, a former registered investment adviser representative, for operating a fraudulent investment offering from 2011 until 2022 that raised over $29 million from more than 50 investors. The SEC’s complaint alleges that Swensen, […]
Frauds & Scandals
New Jersey Real Estate Development Firm and Four Executives Charged with $600 Million Ponzi-Like Fraud
October 14, 2022/US SEC On October 13, 2022 the Securities and Exchange Commission announced charges against New Jersey-based National Realty Investment Advisors LLC (NRIA) and four of its former executives for running a Ponzi-like scheme that raised approximately $600 million from about 2,000 investors. The SEC’s complaint alleges that beginning […]
Dangote: Our Acquisition of Obajana Cement Plant followed Due Process
*Obajana Cement PLC was incorporated in 1992 and as at 2002 had no paid up shares * Kogi State has no equity interest in Obajana Cement Plc * The plant and machinery were conceived, designed, procured, built, and paid for solely by DIL, well after it acquired the shares in […]
