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 […]

March 26, 2018/US SEC The Securities and Exchange Commission today announced a settled action against Canada-based Kinross Gold Corporation for Foreign Corrupt Practices Act violations arising from the company’s repeated failure to implement adequate accounting controls of two African subsidiaries.  According to the SEC’s order instituting a settled administrative proceeding, […]