October 31, 2018/US SEC The Securities and Exchange Commission today announced that it has obtained a court order halting an ongoing fraud perpetrated by a registered stock broker and several companies he controlled. The SEC’s complaint alleges that Sean Kelly used his companies, Lion’s Share Financial of East Cobb, Inc., […]
Frauds & Scandals
SEC Obtains Preliminary Injunction in International Microcap Fraud Scheme
October 30, 2018/US SEC The Securities and Exchange Commission has obtained a preliminary injunction and continued asset freeze against two individuals and their companies involved in a scheme that generated more than $165 million of illegal sales of stock in at least 50 microcap companies. The court originally entered a […]
Former Afren CEO, COO Jailed 30 Years Over Nigerian Oil Deal
29/10/2018/SFO On Monday, Osman Shahenshah and Shahid Ullah received a total of 30 years for fraud and money laundering offences they had committed whilst they were CEO and Chief Operating Officer of Afren Plc. The men were found guilty at trial earlier this month for a scheme they created to […]
