January 3, 2021/US SEC The Securities and Exchange Commission announced today the entry of final judgments against Nicole Birch, former CEO of crowdfunding issuer, Transatlantic Real Estate, LLC, SEC-registered crowdfunding portal, TruCrowd, Inc., and its CEO, Vincent Petrescu. The SEC’s complaint, filed on September 20, 2021 in the United States District […]
Frauds & Scandals
SEC Charges Financial Company and Its President with Engaging in Fraudulent Schemes to Boost Stock Price
December 29. 2021/US SEC The Securities and Exchange Commission today charged Medallion Financial Corp., a Delaware company headquartered in New York, NY, and its President and Chief Operating Officer, Andrew Murstein of New York, NY, with illegally engaging in two schemes in an effort to reverse the company’s plummeting stock […]
SEC Says Poyoyo Investment a Ponzi Scheme
December 28, 2021/SEC Nigeria The attention of the Securities and Exchange Commission, Nigeria (“SEC”) has been drawn to the electronic and WhatsApp messages being circulated to investors on behalf of Poyoyo Investment (PILVEST) Nigeria Limited. The electronic message indicates a proposal to investors to invest in guaranteed investments with the […]
