July 29, 2022/BudgIT Tracka, BudgIT’s service delivery promotion platform which allows citizens to collaborate, track and give feedback on public projects in their communities, has established that N58.2 billion of the N100 billion Constituency Projects were allocated to empowerment projects, which are customarily vague and challenging to track. These empowerment […]
Frauds & Scandals
SEC Charges Former Chief Petty Officer with Fraud in Investment Scheme That Targeted U.S. Navy Veterans and Sailors
July 28, 2022/US SEC The Securities and Exchange Commission today announced charges against Robert L. Murray, Jr., a former U.S. Navy chief petty officer, for engaging in a fraudulent investment scheme that used Facebook to target Navy veterans, reservists, and active-duty Sailors. The SEC’s complaint alleges that, from September 2020 […]
SEC Charges Microcap Issuer and Its CEO and Former Director for False Merger and Dividend Announcements
July 28, 2022/US SEC On July 28, 2022, the Securities and Exchange Commission charged Patient Access Solutions, Inc. (“PASO”), its CEO, Bruce Weitzberg (“Weitzberg”), and a former PASO Director, Joseph Gonzalez (“Gonzalez”) with issuing press releases and tweets falsely claiming that PASO was actively negotiating a merger and planning to […]