December 22, 2020/US SEC The Securities and Exchange Commission charged Charles Samel, a former consultant for former registered investment adviser International Investment Group LLC (IIG), for his role in an alleged fraud conducted by IIG to cover up tens of millions of dollars in investor losses on bad bets in […]
Frauds & Scandals
SEC Charges Company and CEO for $119 Million Securities Fraud Targeting Members of the South Asian American Community
December 21, 2020/US SEC The Securities and Exchange Commission today announced that it filed an emergency action against California-based real estate development company SiliconSage Builders LLC, aka Silicon Sage Builders, and its sole owner, Sanjeev Acharya, in connection with an alleged $119 million fraudulent offering. According to the SEC’s complaint, Silicon […]
SEC Nigeria Disclaims Famzhi Interbiz Limited
December 20, 2020/SEC Nigeria The Securities and Exchange Commission, SEC has disclaimed the activities of Famzhi Interbiz Limited as neither the entity nor the illegal products they offer are registered or regulated by the Commission. According to the SEC, “The attention of the Securities and Exchange Commission (the Commission) has […]
