August 18, 2021/US SEC The Securities and Exchange Commission today announced insider trading charges against three former Netflix Inc. software engineers and two close associates who generated over $3 million in total profits by trading on confidential information about Netflix’s subscriber growth. According to the SEC’s complaint, Sung Mo “Jay” […]
Frauds & Scandals
CBN Secures Order Freezing Risevest, Bamboo Accounts Over ”Illegal FX Transactions”
August 18, 2021/The Cable By Bolanle Olabimtan of TheCable TheCable is reporting that a federal high court in Abuja has granted the request of the Central Bank of Nigeria (CBN) to freeze accounts of fintech companies for 180 days. The accounts include that Rise Vest Technologies Limited, Bamboo Systems Technology […]
SEC Charges Investment Adviser and His Advisory Business for Misappropriating More Than $1 Million from a Client and Prospective Client and Defrauding Investors
August 17, 2021/US SEC The Securities and Exchange Commission today charged a New York-based company and its founder for misappropriating more than $1 million from a client and prospective client and defrauding investors, as well as for submitting false information on SEC filings. The SEC’s complaint, filed in the United […]
