August 16, 2022/US SEC The Securities and Exchange Commission charged John Joseph Roets and three entities he controls, Dragonchain Inc. (“Dragonchain”), Dragonchain Foundation (the “Foundation”), and The Dragon Company (“TDC”), for their roles in raising $16.5 million in unregistered crypto asset securities offerings. The SEC alleges that in 2017, Roets, […]
Frauds & Scandals
BudgIT Reiterates Findings from Salary, Pension Survey, Refutes Claims Survey Done in Bad Faith
August 16, 2022/BudgIT Following the release of the recently concluded salary and pension survey in all the 36 states in Nigeria, we have received mixed reactions from state governments concerning issues raised, including outright denials and rebuttals that the salary and pension survey is biased and misleading. We affirm that […]
SEC Charges 18 Defendants in International Scheme to Manipulate Stocks Using Hacked US Brokerage Accounts
August 15, 2022/US SEC The Securities and Exchange Commission today charged 18 individuals and entities for their roles in a fraudulent scheme in which dozens of online retail brokerage accounts were hacked and improperly used to purchase microcap stocks to manipulate the price and trading volume of those stocks. Those […]
