Frauds & Scandals

Tracka Demands Release of 2024 Zonal Intervention Projects Budget Details

May 17, 2024/BudgIT Tracka, BudgIT’s service delivery promotion platform, which allows citizens to collaborate, track, and give feedback on public projects in their communities, has demanded that the Budget Office of the Federation release the budgetary details of the ₦100 billion Zonal Intervention Project (ZIP) outlined in the 2024 Federal […]

SEC Charges Hudson Valley Wealth Management Advisory Firm and Founder for Failing to Disclose Conflicts of Interest

Firm owner received undisclosed fee for investing clients’ money in films May 14, 2024/US SEC The Securities and Exchange Commission today announced settled charges against New York-based registered investment adviser Hudson Valley Wealth Management Inc. and its founder, Christopher Conover, for breaching their fiduciary duties by failing to disclose conflicts […]

SEC Charges Restaurant Group FAT Brands Inc., its Chairman and Former CEO, and its Two Former CFOs with Defrauding Investors

May 10, 2024/US SEC The Securities and Exchange Commission announced today that it filed fraud charges against FAT Brands Inc. (“FAT”), its founder, former CEO, and current Chairman, Andrew Wiederhorn (“Wiederhorn”), and its former CFOs, Ron Roe (“Roe”) and Rebecca Hershinger (“Hershinger”) concerning FAT’s disclosures about related person transactions with […]