February 11, 2019/US SEC On February 8, 2019, the Securities and Exchange Commission obtained a judgment against Donato Baca, Jr. for his role in a multimillion dollar Ponzi scheme. On September 27, 2018, the SEC charged Baca, his business partner, Jonny Ngo, and NL Technology, LLC with lying to investors. According […]
Frauds & Scandals
Two Defendants in SEC Enforcement Action Plead Guilty in Parallel Criminal Case to Charges of Securities Fraud and Lying to the SEC
February 11, 2019/US SEC A former employee of a Boston-based biotech company and a friend of the company’s CEO, whom the Securities and Exchange Commission have charged with stock manipulation and with making false statements and a scheme to defraud, have pleaded guilty in a parallel criminal case to charges […]
N40m fraud: Midland Ltd has case to answer – Court
February 10, 2019/SEC A federal High court sitting in Abuja has ruled that Midland Capital Market Ltd and the Managing Director, Mr. Sam Bandi have a case to answer on allegations of falsely obtaining N40,000,000 from a client. This is a boost to the Securities and Exchange Commission’s drive to […]
