April 5, 2022/US SEC On April 4, 2022, the U.S. District Court for the Southern District of New York entered final judgments against Chrysilios Chrysiliou and Panagiotis Bolovis for their respective roles in a fraudulent scheme to gain control of Airborne Wireless Network, promote its stock, and defraud investors. According […]
Frauds & Scandals
SEC Charges California Investment Adviser for Undisclosed Conflicts of Interest Related To Real Estate Ponzi Scheme
April 1, 2022/US SEC The Securities and Exchange Commission charged a Marin, California resident and his investment firm for their roles selling securities in Professional Financial Investors, Inc. (“PFI”), a Marin County, California real estate investment and management company that defrauded investors. The SEC’s complaint, filed in the U.S. District […]
Stanbic IBTC responds to ‘N1.2trn Unclaimed Funds: House Committee Asks Stanbic IBTC, First Bank to Remit N97bn to Govt’
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 […]
