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 […]

SEC Charges JAG Capital Advisors and its Founder Joshua Goltry with Defrauding Investors

June 14, 2024/US SEC The Securities and Exchange Commission today charged Joshua Goltry and his investment management firm, JAG Capital Advisors LLC (JAG Advisors), in connection with a three-year scheme to defraud investors of at least $3 million. According to the SEC’s complaint, from 2020 to 2023, Goltry, the founder […]