The Securities and Exchange Commission today announced charges against global software company SAP SE for violations of the Foreign Corrupt Practices Act (FCPA) arising out of bribery schemes in South Africa, Malawi, Kenya, Tanzania, Ghana, Indonesia,… SEC Press Release
Enforcement
$93 Million Real Estate Investment Fraud
Washington D.C., Jan. 3, 2024 — The SEC has recently secured an asset freeze and other urgent measures in response to a suspected $93 million real estate investment scam. The main figure in this scandal is Rishi Kapoor, a Miami-based property developer. This case also implicates Location Ventures LLC, Urbin […]
Brooge Energy and Former Executives Settle SEC Fraud Complaint
SEC’s Allegations Against Brooge Energy and Executives The SEC recently filed instituted proceedings against Brooge Energy Limited, and its former CEO, Nicolaas Lammert Paardenkooper, and Lina Saheb, who served as Chief Strategy Officer and Interim CEO. Brooge Energy consented to a settlement with the SEC, acknowledging violations of numerous federal […]
SEC Awards More Than $28 Million to Seven Whistleblowers
Understanding the Whistleblowers The Securities and Exchange Commission (SEC) has recently made headlines by awarding over $28 million to seven individuals whose crucial information and assistance played pivotal roles in the successful enforcement action taken by the SEC. In this article, we will delve into the details of these whistleblowers’ […]
BarnBridge DAO Agrees to Stop Unregistered Offer and Sale of Structured Finance Crypto Product
Introduction In a recent development, the Securities and Exchange Commission (SEC) has taken action against BarnBridge DAO, a decentralized autonomous organization, and its founders, Tyler Ward and Troy Murray. The charges revolve around the failure to register the offer and sale of structured crypto asset securities known as SMART Yield […]
SEC Charges Former CEO of Medical Device Startup Stimwave with $41 Million Fraud
Introduction to the Stimwave Controversy On December 19, 2023, the SEC filed a complaint alleging a scheme by Laura Tyler Perryman, the ex-CEO and co-founder of Stimwave Technologies Inc. Perryman is accused of duping investors with false claims about a critical medical device, parts of which were fraudulently deemed functional. […]
SEC Charges Tingo Mobile Founder, Three Companies with Massive Fraud and Obtains Emergency Relief
The Securities and Exchange Commission today announced that it obtained a temporary asset freeze, restraining order, and other emergency relief against Mmobuosi Odogwu Banye a/k/a Dozy Mmobuosi and three affiliated U.S. based entities of which he is the… SEC Press Release
SEC Adopts Rules to Improve Risk Management in Clearance and Settlement and Facilitate Additional Central Clearing for the U.S. Treasury Market
The Securities and Exchange Commission today adopted rule changes to enhance risk management practices for central counterparties in the U.S. Treasury market and facilitate additional clearing of U.S. Treasury securities transactions. The rule changes… SEC Press Release
SEC Argues against Liu Disgorgement Ruling
On Friday, the Securities and Exchange Commission asked a federal appeals court to reconsider a ruling that it said prevents the agency from clawing back ill-gotten gains in cases in which laws were violated but no victims were harmed. But that is the point of the Supreme Court decision in […]
SEC Charges Titanium Capital and Founder Henry Abdo with Operating Ponzi Scheme
Washington D.C., Dec. 14, 2023- The SEC has charged Titanium Capital LLC, a Florida-based firm, and its founder, Henry Abdo, with operating a multi-million dollar Ponzi scheme. Unraveling the Deceptive Web of Titanium Capital Titanium Capital, spearheaded by Henry Abdo, is accused of raising at least $5.3 million from over […]
