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 […]
Frauds & Scandals
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, […]
SEC Charges Father and Son for $25.8 Million Unregistered Securities Offering
January 21, 2025/US SEC The Securities and Exchange Commission today announced charges against South Carolina-based Old South Trading Co., LLC (“Old South”), its owner Brendan H. Church, and his father Edwin N. (“Chuck”) Church, for conducting an unregistered offering of securities. Chuck Church was also charged for acting as an […]
