August 2, 2022/US SEC The Securities and Exchange Commission today announced settled charges against a convertible note dealer, Crown Bridge Partners, LLC, and its managing members, Soheil and Sepas Ahdoot of Great Neck, N.Y., for failing to register with the SEC as securities dealers. As part of the settlement, the […]
Frauds & Scandals
SEC Charges Eleven Individuals in $300 Million Crypto Pyramid Scheme
Alleged Fraudulent Blockchain Scheme Spanned Multiple Countries Including U.S., Russia August 1, 2022/US SEC The Securities and Exchange Commission today charged 11 individuals for their roles in creating and promoting Forsage, a fraudulent crypto pyramid and Ponzi scheme that raised more than $300 million from millions of retail investors worldwide, […]
N58.2Bn of N100Bn Earmarked for Constituency Projects Allocated to Empowerment Projects, among Other Irregularities in the 2022 ZIPs
July 29, 2022/BudgIT Tracka, BudgIT’s service delivery promotion platform which allows citizens to collaborate, track and give feedback on public projects in their communities, has established that N58.2 billion of the N100 billion Constituency Projects were allocated to empowerment projects, which are customarily vague and challenging to track. These empowerment […]
