The African Development Bank blacklists Entreprise de Travaux et d’Etudes de Projets (ETEP) SA for 13 months for engaging in various fraudulent practices in Mali and Guinea The African Development Bank Group (www.AfDB.org), today, announced a decision by its Sanctions Appeals Board imposing a 13-month debarment on Entreprise de Travaux […]
Frauds & Scandals
SEC Orders Credit Rating Agency to Pay $3.5 Million for Conflicts of Interest Violations
May 15, 2020/US SEC The Securities and Exchange Commission today charged New York-based credit rating agency Morningstar Credit Ratings LLC for violating a conflict of interest rule designed to separate credit ratings and analysis from sales and marketing efforts. Morningstar has agreed to pay $3.5 million to settle the charges. […]
SEC Charges Companies and CEO for Misleading COVID-19 Claims
May 14, 2020/US SEC The Securities and Exchange Commission today announced charges in two cases involving companies that claimed in press releases to offer products to combat the COVID-19 virus – one against Applied BioSciences Corp. and one against Turbo Global Partners, Inc. and its CEO, Robert W. Singerman. The […]
