Unitel competed with MTN (which has 18 operations in Africa) and with Wana Corporate, Morocco March 20, 2019/APO Africa Newsroom Unitel was elected to chair the GSMA Association Africa Fraud and Security Group (AFASG), a specific working group dedicated to dealing with critical fraud and security issues for the telecommunications […]
Frauds & Scandals
Court Penalizes Wells Fargo Securities for Disclosure Failures in 38 Studios Bond Offering
March 20, 2019/US SEC A federal court has ordered Wells Fargo Securities to pay more than $800,000 in civil penalties for disclosure failures associated with a municipal bond offering it underwrote to finance startup video game company 38 Studios. The Securities and Exchange Commission charged Wells Fargo in 2016. The […]
SEC Charges Texas Oil-And-Gas Company and Its Former CEO in Penny Stock Fraud
March 20, 2019/US SEC On March 19, 2019, the Securities and Exchange Commission charged a Texas-based oil-and-gas penny stock company and its former CEO with fraudulently concealing the loss of the company’s major source of revenue. According to the complaint, in mid-2017, Cardinal Energy Group, Inc. (“Cardinal”), based in Dallas, […]
