March 27, 2018/US SEC The Securities and Exchange Commission today charged a California-based energy storage and power delivery product manufacturer and one of its former sales executives in a fraudulent revenue recognition scheme designed to inflate the company’s reported financial results. According to the SEC’s order, Maxwell Technologies, Inc. prematurely […]

Culled—Proshare 26/3/2018/FCA In a judgment handed down today, the High Court found that Capital Alternatives Limited, Renwick Haddow, Marcia Hargous, Robert McKendrick and others should pay a total of £16.9m in restitution for their roles in four unauthorised collective investment schemes (CIS’s) which were unlawfully promoted to the public by […]

Culled—Proshare March 26, 2018/RadioLiberty, Russia Russian businessman Sergei Mavrodi, whose MMM pyramid scheme deprived millions of Russians of their savings in the 1990s, has died of a heart attack, according to Russia media.  Reports said the 62-year-old was rushed to the hospital late on March 25 with pain in his […]