Fraud & Scandals

Former REIT Manager and Executives to Settle SEC Charges for more than $60 Million

July 16, 2019/US SEC The Securities and Exchange Commission today charged AR Capital LLC, its founder Nicholas S. Schorsch, and its former CFO Brian Block with wrongfully obtaining millions of dollars in connection with two separate mergers between real estate investment trusts (REITs) that were sponsored and externally managed by AR […]

SEC Commences Verification of Dantata Investors

July 16, 2019/SEC The Securities and Exchange Commission has started verifying claims of 4,160 unpaid investors of the illegal investment scheme organised by Dantata Success and Profitable Company. The verification exercise commenced on Monday July 15th and is expected to last till Saturday July 20th, 2019, with 4,160 investors undergoing verification. SEC […]

SEC Begins Verification of Claims of Unpaid Investors of Dantata Success and Profitable

July 16, 2019/SEC Sequel to the appointment of joint Administrators/Trustees for Dantata Success and Profitable Company by the Securities and Exchange Commission (SEC) pursuant to section 13 and 173 of the Investment and Securities Act, and consequent to an Order Exparte granted by the Federal High Court Kano, notice is hereby given to […]