February 12, 2019/-Factswire News Agency One of the world’s largest port operators has sued a Chinese state enterprise in Hong Kong over infringement of its exclusive port agreement with a strategically located African nation, in the city’s first court case involving China’s Belt and Road Initiative. FactWire (www.FactWire.org) has obtained […]
Frauds & Scandals
SEC Charges Former Executives of Plastics Manufacturer with Fraud
February 12, 2019/US SEC On February 12, 2019, the Securities and Exchange Commission charged two former high-ranking executives of an Indiana-based plastics manufacturer with concealing from potential buyers of the manufacturer the fact that the company’s core business model was a sham. According to the SEC’s complaint, Lucent Polymers, Inc. […]
Court Orders Microcap Company, Two Promoters in Pump-and-Dump Scheme to Pay Over $4.6 Million
February 12, 2019/US SEC The Securities and Exchange Commission has obtained final judgments against a microcap company and its two undisclosed promoters who were charged with running a $3.3 million microcap fraud. In September 2017, the SEC charged Jason McDiarmid, Kenneth George Cedric Telford, and Stop Sleep Go, Inc., formerly […]
