May 22, 2020/US SEC The Securities and Exchange Commission today announced charges against William Sadleir, the owner of a film distribution company, for defrauding a publicly traded fund of at least $13.8 million. The SEC alleges that BlackRock Multi-Sector Income Trust (BIT), a registered closed-end management investment company, invested approximately […]
Frauds & Scandals
SEC Shuts Down Fraudulent Investment Adviser Targeting Senior Citizens
May 22, 2020/US SEC The Securities and Exchange Commission today announced that it has filed an emergency action and obtained a temporary restraining order and asset freeze against a California-registered investment adviser and his entities to halt an ongoing Ponzi scheme targeting senior citizens in Southern California. According to the […]
BudgIT calls for the investigation of allegations against the Speaker, Lagos State House of Assembly
—Advocates for Fiscal Transparency of the National and State Legislatures May 20, 2020/BudgIT BudgIT Foundation, a leading non-governmental organisation in the advocacy for openness, transparency and accountability in Nigeria, calls on the appropriate anti-corruption agencies to look into the series of reports directly implicating the speaker of the Lagos state […]
