November 30, 2020/US SEC On November 30, 2020, the SEC obtained a final consent judgment against Florida resident Garrett M. O’Rourke, who was charged with running a pump and dump scheme targeting retail investors. The final judgment orders O’Rourke to pay $5,763,719 in disgorgement of ill-gotten gains plus prejudgment interest. […]
Frauds & Scandals
O&O Networks, Ecobank Appealing Court of Appeal Judgement on Disputed Airtel shares
November 24, 2020/O & O Networks RE : O & O Networks Limited V. Broad Communications Ltd & 9 Others (Ecobank Nigeria Limited As 10th Respondent) O&O Networks Limited is appealing an unfavourable Court of Appeal Judgment that was delivered today and relating to shares that it previously owned in […]
SEC Charges E-Commerce Startup and CEO With Defrauding Investors
November 23, 2020/US SEC The Securities and Exchange Commission today charged a San Francisco-based e-commerce startup and its chief executive officer with misleading investors about purported contracts with well-known consumer brands. According to the SEC’s complaint, from 2018 to 2020, Andrew J. Chapin, the founder and CEO of Benja Inc., […]
