McCabe engaged in unregistered broker activity after FINRA bar January 17, 2025/US SEC The Securities and Exchange Commission today announced that Paul John McCabe Jr. and his unregistered firm PMAC Consulting LLC have agreed to pay $3 million to resolve SEC charges for illegally brokering transactions involving the stock of […]
Frauds & Scandals
SEC Charges Pennsylvania Investment Adviser Scott Mason With Misappropriating More Than $20 Million from Advisory Clients
January 17, 2025/US SEC The Securities and Exchange Commission today charged former Pennsylvania-based investment adviser Scott J. Mason, and his companies Rubicon Wealth Management LLC and Orchard Park Real Estate Holdings LLC, with misappropriating more than $20 million from at least 13 Rubicon advisory clients. According to the SEC’s complaint, […]
EFCC Set to Arraign Oba Otudeko, Ex-FirstBank MD Onasanya Over Alleged ₦12.3 Billion Fraud
January 16, 2025 By InvestAdvocate Lagos (INVESTADVOCATE)-The Economic and Financial Crimes Commission (EFCC) has leveled a damning 13-count charge against Chief Oba Otudeko, Chairman of Honeywell Group, and Olabisi Onasanya, former Managing Director of First Bank, over an alleged fraudulent scheme involving ₦12.3 billion. The charges, filed at the Federal […]
