November 19, 2021/AMCON In another deft strategy to intensify its debt recovery drive in the country, the Asset Management Corporation of Nigeria (AMCON) has submitted a list containing its top 1,000 obligors to the National Assembly. AMCON made the exposé to members of the House of Representatives Committee on Banking […]
Frauds & Scandals
SEC Charges Promoter with Conducting Cryptocurrency Investment Scams
November 18, 2021/US SEC The Securities and Exchange Commission today announced that it charged Ryan Ginster of Corona, California with conducting two unregistered and fraudulent securities offerings that raised over $3.6 million in cryptocurrency from retail investors. The SEC’s complaint alleges that, from 2018 to 2021, Ginster raised approximately $3.6 […]
SEC Charges Additional Investment Adviser in Cherry Picking Scheme
November 16, 2021/US SEC The Securities and Exchange Commission filed charges against Lina Maria Garcia of Miami-based UCB Financial Advisers, Inc. for her role in a multi-year “cherry picking” scheme in which millions of dollars were allegedly channeled to the accounts of preferred clients. The SEC previously announced related charges against UCB […]
