9/11/2018 Our attention has been drawn to a report of the House Committee on Emergency and Disaster Preparedness issued on Thursday, November 8, 2018, particularly in respect of funds released for “emergency intervention of food security to the North-East” in June 2017, when the Vice President was Acting President. In […]
Frauds & Scandals
Court Orders Wife of Accused Ponzi Schemer to Pay Millions of Dollars
November 10, 2018/US SEC A federal court has ordered the wife of an accused Ponzi schemer to disgorge more than $4 million in investor funds. The Securities and Exchange Commission charged Joseph Meli in January 2017 with fraud for running a Ponzi scheme. The SEC alleged that Joseph Meli raised […]
Principal of Mississippi Company Who Ran Multimillion Dollar Ponzi Scheme Sentenced to 19.5 Years Imprisonment in Parallel Criminal Action
November 9, 2018/US SEC On October 30, 2018, the principal of a Mississippi company charged by the Securities and Exchange Commission with fraud for allegedly bilking at least 150 investors in a multimillion dollar Ponzi scheme was sentenced in a parallel criminal action to 19.5 years imprisonment. The parallel criminal […]
