August 30, 2024/US SEC On August 16, 2024, the Securities and Exchange Commission obtained a final judgment against defendant Shaohua (Michael) Yin, including a penalty of $39.5 million paid out of funds frozen in the brokerage accounts that Yin allegedly used to engage in insider trading. The SEC previously charged […]
Frauds & Scandals
Statement by Binance CEO: Tigran’s Deteriorating Condition after 6 Months of Unjust Detention
Despite his conditions, the Nigerian government has refused adequate medical care, including basic needs such as providing access to a wheelchair August 29, 2024/Binance We are now at the six month mark of Tigran’s unjust detention. Tigran’s physical and mental conditions have deteriorated rapidly with his situation being more dire […]
SEC Obtains Default Judgment and More than $250 Million in Monetary Relief Against Tingo Mobile Founder and Three U.S. Companies Charged with Massive Fraud
August 29, 2024/US SEC On August 28, 2024, the U.S. District Court for the Southern District of New York entered final judgments against Mmobuosi Odogwu Banye a/k/a Dozy Mmobuosi and three affiliated U.S.-based entities of which he was the CEO, in connection with a multi-year scheme to inflate the financial […]
