September 21, 2018/US SEC A federal district court in the Western District of New York entered a final judgment against relief defendant WealthCFO, LLC, a company controlled by investment adviser Tarek D. Bahgat. The SEC obtained a default judgment against WealthCFO after it didn’t respond to the SEC’s complaint. On […]
Frauds & Scandals
SEC Settles Action Against Defendants in Connection with Stock Fraud Scheme
September 21, 2018/US SEC The Securities and Exchange Commission has settled its action against all six defendants sued in connection with a scheme to defraud investors in Gerova Financial Group Ltd., whose shares once traded on the New York Stock Exchange. On September 24, 2015, the SEC filed a civil […]
CBN Revokes Skye Bank’s Operating License, AMCON to Recapitalise Now Polaris Bank
September 21, 2018 By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) on Friday announced the revocation of Skye Bank of Nigeria Plc operating license and renamed it Polaris Bank. Godwin Emefiele, governor of the CBN said the apex bank in consultation with the Nigerian Deposit Insurance Corporation […]
