October 28, 2021/CBN Following the formal launch of the eNaira on Monday, October 25, 2021, the attention of the Central Bank of Nigeria (CBN) has been drawn to criminal and illegal activities of some individuals and a fraudulent twitter handle, @enaira_cbdc purported to belong to the Bank. The impostor handle […]
Frauds & Scandals
SEC Charges Recidivist and Barred Investment Adviser and His Firm
October 27, 2021/US SEC The Securities and Exchange Commission yesterday charged a New Jersey-based individual with stealing money from investment advisory clients, and doing so while he was subject to a prior SEC order barring him from being in the investment advisory business. The SEC’s complaint, filed in the U.S. […]
SEC Obtains Asset Freeze and Other Relief in Halting Penny Stock Scheme on Twitter
October 26, 2021/US SEC The Securities and Exchange Commission today announced that it filed an emergency action, and obtained an injunction and asset freeze, against Steven M. Gallagher for allegedly committing securities fraud through a long running scheme to manipulate stocks using Twitter. The SEC’s complaint alleges that, since at […]
