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 […]
Frauds & Scandals
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 […]
SEC Charges Investment Adviser, Others with Fraud in Offering of Promissory Notes
August 17, 2021/US SEC The Securities and Exchange Commission today charged registered investment adviser Fusion Analytics Investment Partners, LLC (FAIP) and its CEO Michael J. Conte with breaches of fiduciary duty and, along with Fusion Analytics Holdings, LLC (Fusion Holdings), with fraud in connection with the sale of promissory notes. […]
