6/11/2018/US SEC The Securities and Exchange Commission charged a businessman and a California-based attorney with defrauding investors seeking to participate in the EB-5 immigrant investor program, stealing their money to fund personal expenses. The SEC’s complaint alleges that Robert A. Ferrante and attorney Marilyn R. Thomassen participated in a fraudulent […]
Frauds & Scandals
GNI Refutes House of Reps Sub-Committee on Capital Market’s Statement
November 6, 2018/NSE It has come to the notice of the Board of Directors and Management of Great Nigeria Insurance Plc (‘GNI Plc.”) that the House of Representatives Sub-Committee on Capital Market (“The Committee”) issued a statement on Monday November 5, 2018, threatening to authorize the Securities and Exchange Commission […]
SEC Obtains Final Judgment Against Two Nevada Companies for Their Role in a Pyramid Scheme
November 6, 2018/US SEC On November 2, 2018, the SEC obtained default judgments against two entities, TelexElectric, LLLP and Telex Mobile Holdings, Inc., which were both named as relief defendants for the purpose of recovering ill-gotten gains that the entities received from TelexFree, LLC in connection with the TelexFree pyramid […]
