June 14, 2024/US SEC On June 14, 2024, the U.S. District Court for the Southern District of New York entered a final judgment against Karen Rosenberger, imposing an injunction and officer and director bar, and also ordering her to pay civil monetary penalties and reimburse Synchronoss Technologies, Inc. (“Synchronoss”) for […]
Frauds & Scandals
SEC Says Famzhi Interbiz MD Jailed Five Years for Defrauding Investors of Over N2bn
June 14, 2024/ SEC Nigeria In a major boost to the Securities and Exchange Commission’s enforcement activities, Mariam Suleiman, the Chairman and Managing Director of Famzhi Interbiz Ltd, has been sentenced to five years’ imprisonment without the option of fine for defrauding investors of over N2 billion. Justice Inyang Ekwo […]
SEC Issues Disclaimer on $Davido Meme Coin
June 14, 2024/SEC Nigeria The Securities and Exchange Commission, Nigeria (SEC), in an investor alert released today, June 14, 2024, has advised the general public that investing in meme coins is highly risky and should be done with a full understanding of the associated risk, as meme coins lack fundamental […]
