January 16, 2025/US SEC The Securities and Exchange Commission today charged New York blockchain engineer Eric Zhu with perpetrating a fraudulent scheme to defraud investors in the “Game Coin” token (“GME”), a crypto asset that was offered and sold as a security by Game Coin, LLC and its founders. As […]
Frauds & Scandals
SEC Charges Two Sigma for Failing to Address Known Vulnerabilities in its Investment Models
Firm ignored material vulnerabilities for years; voluntarily repaid impacted funds and accounts $165 million January 16, 2025/US SEC he Securities and Exchange Commission today announced settled charges against New York-based investment advisers Two Sigma Investments LP and Two Sigma Advisers LP (collectively, Two Sigma) for breaching their fiduciary duties by […]
FirstBank Clarifies Misleading Reports, Reassures Customers of Gold Standard Banking Services
January 14, 2025/FirstBank of Nigeria Our attention has been drawn to recent media reports regarding a commercial transaction between First Bank of Nigeria Limited (FirstBank) and General Hydrocarbons Limited (GHL) that is currently a subject of litigation. As a responsible and law-abiding corporate citizen of Nigeria with utmost respect for […]
