25/6/2018/Reuters Tiisetso Motsoeneng Old Mutual Plc returned to its South African roots on Tuesday when it listed its $11 billion (8.31 billion pounds) African financial services business in Johannesburg, a move which largely completes a major overhaul of the company. The 173-year old group has been disentangling its conglomerate structure […]
Investors Bite
SEC Charges Texas Businessman in Multi-Million Dollar Ponzi Scheme
June 26, 2018/US SEC The Securities and Exchange Commission today filed charges against Texas resident James VanBlaricum and six others for running an oil and gas Ponzi scheme. The SEC’s complaint alleges that VanBlaricum was the driving force behind a company called Texas Energy Mutual, LLC (f/k/a Texas Energy Management). […]
SEC Obtains Final Judgment Against Attorney in Scheme to Manipulate Stock of Sports Ticket Broker
June 26, 2018/US SEC On June 22, 2018, a federal district court in Massachusetts entered a final judgment against Richard Weed, formerly a partner in a Newport Beach, California law practice, for his role in defrauding investors in CitySide Tickets Inc., a Massachusetts-based ticket brokering business. The final judgment imposes […]
