November 20, 2020/US SEC On November 20, 2020, the U.S. District Court for the Western District of North Carolina entered final consent judgments against Mark N. Pyatt and Winston Reed Investments LLC in connection with their roles in a fraudulent investment scheme. The SEC’s complaint alleged that, beginning in April […]
Frauds & Scandals
SEC Awards Whistleblower Over $900,000
November 19, 2020/US SEC The Securities and Exchange Commission today announced an award of over $900,000 to a whistleblower who identified securities law violations occurring overseas. The whistleblower’s timely and important information resulted in a significant expansion of an ongoing investigation. “Today’s award underscores the significance of the SEC whistleblower program’s […]
AMCON Takes Over Jimoh Ibrahim’s Prime Assets Over N69.4bn Debt
Culled—Proshare November 19, 2020/AMCON Following the order of Honourable Justice R.M. Aikawa of the Federal High Court, Lagos Division, the Asset Management Corporation of Nigeria (AMCON) has taken possession of twelve prime assets belonging to Barrister Jimoh Ibrahim, the chief promoter of Global Fleet Oil & Gas Limited and NICON […]
