February 24, 2025/US SEC On January 29, 2025, the U.S. District Court for the Northern District of Texas entered final judgments against Defendants Robert Allen Stanford (“Stanford”), James Davis (“Davis”), Gilberto Lopez, Stanford International Bank, Ltd., Stanford Group Company, and Stanford Capital Management, LLC. The Court simultaneously entered final judgments […]
Frauds & Scandals
SEC Charges New York-Based Commercial Real Estate Firm and its Owner with Using an Internet Funding Platform to Steal Over $52 Million from Investors Nationwide
February 21. 2025/US SEC The Securities and Exchange Commission announced charges today against Elchonon “Elie” Schwartz, a resident of New York, New York, and his New York-based, privately held commercial real estate investment firm, Nightingale Properties, LLC, with defrauding at least 700 investors of more than $52 million. The SEC’s […]
AfDB Partners Interpol to Combat Financial Crime and Strengthen Anti-Corruption Efforts in Africa
According to Interpol’s 2024 Global Financial Fraud Assessment, business email compromise, romance baiting, phishing, and other online frauds pose growing threats to Africa’s digitalized economy February 21, 2025/AfDB The African Development Bank Group has taken a significant step forward in its fight against corruption and financial crime by signing a […]
