July 18, 2019/US SEC On July 17, 2019, the Securities and Exchange Commission charged Pennsylvania resident William Milles and Canadian resident Donald Lutzko with running an oil and gas offering fraud and related Ponzi scheme targeting retail investors. According to the SEC’s complaint, from July 2014 to July 2016, Milles […]
Frauds & Scandals
SEC, NFIU Sign MoU to Deepen Collaboration on Fraudulent Transactions
July 17, 2019/SEC The Securities and Exchange Commission (SEC) and the Nigerian Financial Intelligence Unit (NFIU) have agreed to collaborate in combating crime in the Nigerian capital market to ensure that suspicious transactions are eradicated from the capital. Ag. DG of the SEC, Ms. Mary Uduk who spoke in […]
Former REIT Manager and Executives to Settle SEC Charges for more than $60 Million
July 16, 2019/US SEC The Securities and Exchange Commission today charged AR Capital LLC, its founder Nicholas S. Schorsch, and its former CFO Brian Block with wrongfully obtaining millions of dollars in connection with two separate mergers between real estate investment trusts (REITs) that were sponsored and externally managed by AR […]
