July 26, 2022/US SEC The SEC today announced that it obtained a final judgment against Thomas Megas for orchestrating a $1.4 million Ponzi scheme that defrauded at least 10 retail investors. As described in the court’s opinion, Megas, a British national and Switzerland-based businessman, did not meet the burden for […]
Frauds & Scandals
Ukraine will pursue war-crimes charges against leaders of JPMorgan Chase, Citi, and HSBC over Russia financing, Zelenskyy’s economic advisor says
July 26, 2022/businessinsider.com Ukraine is pursuing war-crimes charges against leaders of major Western banks, an official said. The Zelenskyy advisor Oleg Ustenko earlier asked the banks to stop financing traders of Russian oil. Ustenko told CNBC on Tuesday that Ukraine was gathering data on banks and would pass it to […]
SEC Charges Investment Banker and His Friend with Insider Trading
July 25, 2022/US SEC The Securities and Exchange Commission today filed a complaint in federal district court in Manhattan alleging insider trading by investment banker Brijesh Goel and his friend Akshay Niranjan, who was a foreign exchange trader at a large financial institution. The SEC alleges that the two men, […]
