March 29, 2024/US SEC On March 27, 2024, the U.S. District Court for the Eastern District of New York entered a final judgment against Canadian resident Fabrizio Di Carlo whom the SEC had charged for his role in a microcap fraud scheme targeting retail investors. Among other things, the judgment […]
Frauds & Scandals
AfDB Debars China Henan International Cooperation for 12 Months for Fraud
During the debarment period, China Henan International Cooperation Group Company Limited and specified affiliates will be ineligible to participate in Bank Group-financed activities March 29, 2024/AfDB The African Development Bank Group, on 28 March 2024, announces the conclusion of a negotiated settlement agreement with China Henan International Cooperation Group Company […]
SEC Obtains Final Judgment Against Christian Fernandez in Scheme to Fraudulently Promote Securities Offerings
March 27, 2024/US SEC On February 20, 2024, the Securities and Exchange Commission (“SEC”) obtained a final judgment against Christian Fernandez, who the SEC previously charged for his involvement in a fraudulent scheme to promote the securities of issuers that were conducting (or purporting to conduct) offerings pursuant to Regulation […]
