June 17, 2024/US SEC The Securities and Exchange Commission today charged Dallas-Fort Worth resident Matthew Brown and his company, Matthew Brown Companies, LLC, for engaging in a fraudulent scheme to submit and publicly tout a bogus offer to invest $200 million in Virgin Orbit Holdings, Inc. (“Virgin Orbit”), formerly a […]
Frauds & Scandals
SEC Obtains Final Judgment Against Synchronoss CFO for Role in Accounting Misconduct
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 […]
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 […]
