April 25, 2019/US SEC The Securities and Exchange Commission today charged Indianapolis-based Celadon Group Inc. with an accounting fraud that allowed the truckload freight company to avoid disclosing substantial losses and misrepresent its financial condition. In a complaint filed in federal court in Indianapolis, the SEC charged that between mid-2016 […]
Frauds & Scandals
SEC Halts Misappropriation and Fraudulent Securities Offering
April 23, 2019/US SEC The Securities and Exchange Commission yesterday obtained an emergency asset freeze and temporary restraining order to halt an ongoing fraudulent securities offering by Eric D. Lyons, a Massachusetts resident, in an attempt to conceal his misappropriation from certain hedge funds Lyons advised through his Massachusetts-based investment […]
180-Year Debt Refund: BudgIT Warns Cross River Government of Looming Fiscal Disaster, Asks Ayade to Terminate SuperHighway Project
April 23, 2019/BudgIT BudgIT has warned the Cross River State Government to halt its controversial Superhighway project on the ground of undue financial hazard and avoidable hardship that would plague the state for the next hundred years should the government compound its existing debt burden. Online reports show that the […]
