June 2, 2020/BudgIT Our attention has been drawn to a threat received by our community champion in Abuja as a result of a fraud alert post shared from our Tracka page to his Facebook page, sometime last week. The post, which was initially published on our Tracka page on the […]
Frauds & Scandals
Unregistered $25.5 Million ICO Issuer to Return Money for Distribution to Investors
May 28, 2020/US SEC The Securities and Exchange Commission today announced charges against blockchain services company BitClave PTE Ltd. headquartered in San Jose, California, for conducting an unregistered initial coin offering (ICO) of digital asset securities. BitClave agreed to settle the charges by returning proceeds from the offering and paying […]
Private Equity Firm Ares Management LLC Charged With Compliance Failures
May 26, 2020/US SEC The Securities and Exchange Commission today announced that Ares Management LLC, a Los Angeles-based private equity firm and registered investment adviser, has agreed to pay one million dollars to settle charges that it failed to implement and enforce policies and procedures reasonably designed to prevent the misuse […]
