December 4, 2020/US SEC The Securities and Exchange Commission today announced settled charges against The Cheesecake Factory Incorporated for making misleading disclosures about the impact of the COVID-19 pandemic on its business operations and financial condition. The action is the SEC’s first charging a public company for misleading investors about […]
Frauds & Scandals
Seplat Says Not Involved in Cardinal Drilling Services Loan with Access Bank
December 3, 2020/Seplat On 2nd December 2020, the building in which SEPLAT Corporate Headquarters is located, at 16A Temple Road, Ikoyi, Lagos, was sealed in connection with a court case by Access Bank against Cardinal Drilling Services Limited (“Cardinal Drilling”), a third party providing drilling services to SEPLAT. We understand […]
SEC Charges Disbarred New York Attorney and Florida Attorney with Scheme to Create False Opinion Letters
December 2, 2020/US SEC The Securities and Exchange Commission today charged disbarred attorney, Richard J. Rubin, and licensed attorney, Thomas J. Craft, with fraud for their roles in a legal opinion letter scheme to fraudulently facilitate the sale of millions of shares of microcap securities to retail investors. The SEC’s […]
