March 17, 2022/US SEC On February 28, 2022, the U.S. District Court for the Southern District of Ohio entered a final judgment against Scott Allen Fries, a former Ohio-based registered representative and investment adviser representative at a large, SEC-registered broker-dealer and investment adviser, for defrauding at least ten investors out […]
Frauds & Scandals
BudgIT Releases 2022 Budget Analysis Consultative Memo, Slams NASS for Corruption Infractions
—–Calls for Urgent Amendment March 17, 2022/BudgIT BudgIT, a foremost civic-tech organisation leading the advocacy for fiscal transparency and accountability in Nigeria, has called on the National Assembly to eliminate infractions and corruption loopholes in the 2022 Approved Budget. This call was made on Thursday, March 17, 2022, after BudgIT […]
SEC Charges Texas School District and its Former CFO with Fraud in $20 Million Bond Sale
March 16, 2022/US SEC The Securities and Exchange Commission today charged Crosby Independent School District (Crosby ISD) and its former Chief Financial Officer, Carla Merka, with misleading investors in the sale of $20 million of municipal bonds in order to pay its outstanding construction liabilities and fund new capital projects. […]
