June 9, 2020/US SEC The Securities and Exchange Commission announced that on June 3, 2020 the United States District Court for the Central District of California entered a preliminary injunction and orders freezing assets and imposing other relief against California-registered investment adviser Paul Horton Smith, Sr. and his entities in […]
Frauds & Scandals
SEC Charges California Trader Engaged in Manipulative Trading Scheme Involving COVID-19 Claims
June 9, 2020/US SEC The Securities and Exchange Commission today charged a penny stock trader in Santa Cruz, California, with conducting a fraudulent pump-and-dump scheme in the stock of a biotechnology company by making hundreds of misleading statements in an online investment forum, including a false assertion that the company […]
Integrity in Development Projects: AfDB debars Burmeister & Wain for fraudulent and corrupt practices
The debarment imposed by the Bank renders Burmeister & Wain ineligible to participate in Bank-financed projects and thus to benefit from its financing during the debarment period June 8, 2020/AfDB Pursuant to a settlement agreement, the African Development Bank Group (www.AfDB.org) on 8 June 2020, announces the debarment of Burmeister […]
