April 1, 2022/P+ Measurement Services The attention of Stanbic IBTC Bank PLC (the Bank) has been drawn to press reports alleging that a sum of “N83 billion” of what was termed to be “unclaimed funds” had been discovered in the Bank, as part of the hearing by the House of […]
Frauds & Scandals
SEC Obtains Final Judgment Against Hedge Fund Adviser Who Jury Found Liable for Securities Fraud
March 31, 2022/US SEC The Securities and Exchange Commission obtained a final judgment on March 30, 2022, against a hedge fund adviser and his investment advisory firm. According to the SEC’s complaint, filed in September 2018, Gregory Lemelson and Massachusetts-based Lemelson Capital Management, LLC (“LCM”) were charged with making false […]
SEC Obtains Final Judgment Against Defendants Charged with Fraud Involving Sham Bottling Company
March 31, 2022/US SEC On March 30, 2022, the Securities and Exchange Commission obtained a final judgment against Tra Jay Scarlett, Chatfield PCS Ltd., and GO ECO Manufacturing, Inc., who were charged for their roles in an offering fraud involving misappropriation of investor assets. The judgment requires the defendants to […]
