Companies to Pay More Than $539 Million in Settlement for Distribution to Investors September 13, 2021/US SEC The Securities and Exchange Commission today charged New York City-based GTV Media Group Inc. and Saraca Media Group Inc., and Phoenix, Arizona-based Voice of Guo Media Inc., with conducting an illegal unregistered offering […]
Frauds & Scandals
N70billion AMCON Debt: Court Stops Jimoh Ibrahim, NICON Insurance From Forum Shopping
September 11, 2021/AMCON From all indications, the last may not have been heard about the high-profile debt case involving businessman Barrister Jimoh Ibrahim and his companies and the Asset Management Corporation of Nigeria (AMCON) as a Federal High Court Lagos Division on Thursday cautioned NICON Insurance Limited against what it […]
SEC Obtains Judgments Against Defendants in a Microcap Fraud Scheme
September 10, 2021/US SEC The Securities and Exchange Commission announced that it obtained final judgment against defendant Nelson Gomes on September 9, 2021 and partial judgment against defendant Shane Schmidt on July 13, 2021, in a previously-filed action against 11 defendants alleging a fraudulent scheme that generated more than $25 […]
