January 29, 2025/SEC Nigeria The attention of the Securities and Exchange Commission (“The Commission”) has been drawn to the activities of Risevest Technologies Limited, which holds itself out as a Digital Dollar/Fund Manager in the Nigerian Capital Market. The Commission hereby notifies the public that Risevest Technologies Limited is NOT […]
Frauds & Scandals
BudgIT Sets The Record Straight on Sokoto State Budget Transparency Findings
January 26, 2025/BudgIT BudgIT, a prominent civic tech organisation promoting transparency and accountability in Nigeria’s public finance, has noted recent publications across various media outlets that misrepresented our findings on Sokoto State’s budget and fiscal transparency. While we appreciate the media’s role in fostering dialogue, these reports inaccurately represent our […]
SEC Charges AI Startup CEO and His Wife with Elaborate $60 Million Fraud Involving Fake Financial Documents and Forged Audit Reports
January 24, 2025/US SEC On January 23, 2025, the Securities and Exchange Commission charged Alexander Beckman, the former CEO of San Francisco-based GameOn Inc., with defrauding investors out of more than $60 million by falsely inflating the financial performance and commercial success of GameOn. The SEC also charged Beckman’s wife, […]
