Fraud & Scandals

SEC Retail Strategy Task Force to Host Roundtable on Combating Elder Investor Fraud

July 18, 2019/US SEC The Securities and Exchange Commission today announced that its Retail Strategy Task Force will host a roundtable on October 3 on combating elder investor fraud. The roundtable will focus on the types of fraudulent and manipulative schemes currently targeting elder investors. The roundtable also will explore […]

SEC Charges Two Oil and Gas Executives with Defrauding Retail Investors

July 18, 2019/US SEC On July 17, 2019, the Securities and Exchange Commission charged Pennsylvania resident William Milles and Canadian resident Donald Lutzko with running an oil and gas offering fraud and related Ponzi scheme targeting retail investors. According to the SEC’s complaint, from July 2014 to July 2016, Milles […]

SEC, NFIU Sign MoU to Deepen Collaboration on Fraudulent Transactions

  July 17, 2019/SEC The Securities and Exchange Commission (SEC) and the Nigerian Financial Intelligence Unit (NFIU) have agreed to collaborate in combating crime in the Nigerian capital market to ensure that suspicious transactions are eradicated from the capital. Ag. DG of the SEC, Ms. Mary Uduk who spoke in […]