March 2, 2021/US SEC The Securities and Exchange Commission today charged seven individuals and a technology company in connection with a fraudulent scheme to gain control of Airborne Wireless Network, promote its stock, and defraud investors. According to the SEC’s complaint, Kalistratos “Kelly” Kabilafkas secretly purchased essentially all the outstanding […]

March 2, 2021/SEC Nigeria The continued activities of Ponzi schemes have been described as a threat to the protection of investors, the functioning of a fair and orderly financial market as well as the development of the economy at large. Director General of the Securities and Exchange Commission, Mr. Lamido […]

March 1, 2021/US SEC The Securities and Exchange Commission today announced an award of over $500,000 to two whistleblowers whose tips revealed an ongoing fraud and resulted in multiple SEC actions and a related action from another government agency.  Both whistleblowers provided substantial, ongoing assistance that conserved the agencies’ time […]