May 3, 2021/US SEC The Securities and Exchange Commission today charged sports apparel manufacturer Under Armour Inc. with misleading investors as to the bases of its revenue growth and failing to disclose known uncertainties concerning its future revenue prospects. Under Armour has agreed to pay $9 million to settle the […]
Frauds & Scandals
SEC Charges Texan with Defrauding Investors in a Purported Wireless Energy Project
May 3, 2021/US SEC The Securities and Exchange Commission today charged a North Texas resident with defrauding more than 50 investors out of more than $17 million dollars in a wireless energy project. The SEC’s complaint alleges that Richard Randall and his recently deceased associate engaged in a fraudulent scheme […]
SEC Issues Official Disclaimer on Fake Website and Fictitious Recruitment Exercise
April 30, 2021/SEC Nigeria The attention of the Securities and Exchange Commission (“the Commission”) has been drawn to several websites and blogs purportedly affiliated to the Commission which are said to be advertising on-going “recruitment exercise” by the Commission. The Commission wishes to inform the general public that the referenced […]
