June 22, 2021/US SEC The Securities and Exchange Commission today announced settled charges against Loci Inc. and its CEO John Wise for making materially false and misleading statements in connection with an unregistered offer and sale of digital asset securities. According to the SEC’s order, Loci provided an intellectual property search […]
Frauds & Scandals
Bribery: Court sentences ex-federal lawmaker, Lawan to seven years in jail
June 22, 2021/Punch Lesi Nwisagbo The High Court of the Federal Capital Territory sitting in Apo has convicted a former member of the House of Representtives, Farouk Lawan, over $3 million bribery case and sentenced him to seven years for count 1, 7 years count 2, and 5 years for […]
SEC Obtains Asset Freeze Against Offshore Fund and Its Operators
June 21, 2021/US SEC The Securities and Exchange Commission today announced that it has filed an emergency action charging an offshore fund and two individuals with engaging in a fraudulent scheme, and obtained an asset freeze to safeguard remaining investor funds at risk of immediate dissipation. The SEC’s complaint alleges […]
