August 15, 2021/SEC Nigeria The Securities and Exchange Commission has warned Nigerians against investing in Ponzi schemes, adding that any investment schemes that promise unrealistic returns should be treated with caution.The Director-General of SEC, Lamido Yuguda, gave the warning while addressing Journalists shortly after the Second Capital Market Committee meeting.Ponzi […]
Frauds & Scandals
SEC Obtains Emergency Relief, Charges Two Florida Companies and Their Principal Officer with Operating a Ponzi Scheme
August 13, 2021/US SEC The Securities and Exchange Commission announced that it filed an emergency action and obtained a temporary restraining order, an asset freeze, and the appointment of a receiver to stop an alleged Ponzi scheme and misappropriation of investor proceeds perpetrated by Coral Springs, Florida resident Johanna M. […]
SEC Charges Stock Promoter with Market Manipulation
August 13, 2021/US SEC The Securities and Exchange Commission today charged Ahmad Haris (“Harry”) Tajyar, a resident of Porter Ranch, California and a securities fraud recidivist, with engaging in manipulative trading and a false promotional scheme. According to the SEC’s complaint, filed in the United States District Court for the […]
