May 26, 2020/US SEC On May 22, 2020, the Securities and Exchange Commission charged William Sadleir, the owner of a film distribution company, with defrauding a publicly traded fund of at least $13.8 million. The SEC’s complaint alleges that BlackRock Multi-Sector Income Trust (BIT), a registered closed-end management investment company, […]
Frauds & Scandals
SEC Seeks Contempt Order Against Perpetrator of Offering Fraud
May 26, 2020/US SEC The Securities and Exchange Commission today filed an action seeking an order holding Robert W. Wilson in contempt for his failure to comply with an April 2019 judgment that prohibited him from offering and selling securities and ordered him to pay disgorgement and prejudgment interest. The […]
US Treasury Dept Rejects Acquittal, Demands Re-investigation of AfDB President
Culled—Proshare May 25, 2020/US Dept of the Treasury The United States received your letter of May 5, in which you share your view that the Board of Governors of the African Development Bank should adopt the conclusions of the Bank’s Ethics Committee and declare that the President is “totally exonerated […]
