December 27, 2021/US SEC The Securities and Exchange Commission charged Timothy Burroughs, Jay Holstine, John Griffin, and Michael Oswald Williams for their respective roles in raising approximately $3.2 million from approximately 50 investors through the fraudulent and unregistered offer and sale of interests in two oil and gas joint ventures […]
Frauds & Scandals
Seplat Energy Terminates Contract of Appointment of Austin Avuru
December 23, 2021/Seplat Energy Plc The Board of Seplat Energy announces that it terminated the contract of appointment of Mr. Austin Avuru as a Non-Executive Director on 22nd December 2021, due to breaches of the Company’s corporate governance policies and his fiduciary duties. The Board has called for his resignation as […]
SEC Charges Five Russians in $80 Million Hacking and Trading Scheme
December 23, 2021/US SEC The Securities and Exchange Commission announced fraud charges against five Russian nationals for engaging in a multi-year scheme to profit from stolen corporate earnings announcements obtained by hacking into the systems of two U.S.-based filing agent companies before the announcements were made public. The filing agents […]
