In Your Interest
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 […]
August 28, 2024/US SEC The Securities and Exchange Commission today announced charges against Bernardo Mendia-Alcaraz and his private equity firm, Toltec Capital LLC, for conducting fraudulent and unregistered securities offerings. According to the SEC’s complaint, from at least December 2019 to September 2023, Mendia-Alcaraz, on behalf of Toltec Capital, raised […]
Australian parent company Austal Limited also charged with fraud August 27, 2024/US SEC The Securities and Exchange Commission today announced that Austal USA, LLC, a Mobile, Alabama-based shipbuilder, and its Australia-based parent company, Austal Limited, have agreed to settle the SEC’s charges that the companies conducted a fraudulent revenue recognition […]