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, […]
Frauds & Scandals
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 […]
SEC Obtains Summary Judgment in Microcap Fraud Litigation
January 16, 2025/US SEC On November 18, 2024, the United States District Court for the Southern District of California granted the Securities and Exchange Commission’s motion for summary judgment against Andrew Hackett based on his criminal conviction for related conduct. According to the SEC’s complaint, beginning in February 2017, Hackett […]
