March 15, 2019/US SEC A federal district court in Boston, Massachusetts has entered a final judgment and an order in a microcap fraud case against California resident Edward Withrow III, the former chairman of a Massachusetts-based medical diagnostics company previously called Endeavor Power Corp. The Securities and Exchange Commission previously […]
Frauds & Scandals
Court Orders Ecobank to Pay N22.5b Within 7 Days Over Airtel Shares; Suit Adjourned to May 28, 2019
Culled—Proshare March 15, 2019 By Davidson Iriekpen of ThisDay A Federal High Court in Lagos has ordered O & O Networks Limited, a special purpose vehicle owned by Ecobank Transnational Incorporated, to pay the sum of N22.5billion, being proceeds of the wrongful sale of shares in Airtel Networks Limited by […]
SEC Charges Volkswagen, Former CEO With Defrauding Bond Investors During “Clean Diesel” Emissions Fraud
March 15, 2019/US SEC The Securities and Exchange Commission today charged Volkswagen AG, two of its subsidiaries, and its former CEO, Martin Winterkorn, for defrauding U.S. investors, raising billions of dollars through the corporate bond and fixed income markets while making a series of deceptive claims about the environmental impact […]
