Uttar Pradesh News: उत्तर प्रदेश निर्माण निगम के पूर्व अधिकारियों ने विभिन्न कामों के लिए आई धनराशि में से 130 करोड़ रुपये का गबन कर लिया। इनमें कुछ अधिकारी सेवानिवृत्त हो चुके हैं जबकि, एक पर बर्खास्तगी की कार्रवाई भी हो चुकी है। विभागीय जांच के बाद इन पांचों पूर्व अधिकारियों के खिलाफ नेहरू कॉलोनी थाने में छह मुकदमे दर्ज किए गए हैं। आरोपियों ने ये गबन आईटीआई भवन निर्माण, दून अस्पताल ओपीडी…

SEC files charges against CFO who embezzled money to invest in crypto

(adsbygoogle = window.adsbygoogle || []).push();

The U.S. Securities and Exchange Commission has filed fraud charges against a CFO who embezzled funds to invest in crypto, according to a Jan. 3 press release.

The accused — Cooper J. Morgenthau — served as CFO of African Gold Acquisition Corp., which acted as a special purpose acquisition (SPAC) company that arranged mergers and acquisitions between other companies.

Morgenthau’s entire scheme involved the theft of more than $5 million between June 2021 and July 2022. He initially embezzled $1.2 million of funds directly from African Gold, then spent the stolen funds on personal expenses. He also used the funds to trade crypto assets and securities including “meme stocks.”

Morgenthau then attempted to cover his losses by raising $4.7 million through two SPAC series called Strategic Metals Acquisition Corp. I and II. However, he soon invested the money raised in that process in cryptocurrency once again.

Morgenthau’s poor investments and unrestrained spending led him to lose all of the stolen funds by August 2022, according to earlier legal filings.

The SEC asserts that Morgenthau specifically violated antifraud provisions of federal securities laws. He lied to auditors and accountants, falsified records at African Gold, and filed false certifications with the SEC. He will be barred from serving in certain executive positions and faces financial penalties which are still pending.

The U.S. Attorney’s Office for the Southern District of New York has also announced parallel charges against Morgenthau.

The SEC has carried out several other cases related to crypto over the past year. In February 2022, it settled with BlockFi over an unregistered product. In October, it settled with Kim Kardashian over her endorsement of an ICO.

In December 2022, the SEC charged FTX associates Caroline Ellison and Gary Wang with fraud in parallel charges with the Southern District of New York.

(adsbygoogle = window.adsbygoogle || []).push(); #SEC #files #charges #CFO #embezzled #money #invest #crypto

Top official of the Amiri Diwan probed – Funds embezzled

KUWAIT CITY, Feb 7: Kuwait Anti-Corruption Authority (Nazaha) referred an official of the Amiri Diwan and some others to the Public Prosecution on charges of facilitating the seizure of public funds, says Al-Qabas daily. In a statement issued yesterday, the Nazaha stated that, “The crime committed by the aforementioned official and others is implicated in the text of Article 10 of Law No. 1/1993 regarding the protection of public funds. “It will not hesitate to prosecute the perpetrators of corruption. It continues to receive serious reports about corruption incidents of any kind. All reports are subjected to investigation and vetting”.

The authority expressed appreciation towards the role played by the whistle-blowers in “helping to access the necessary information about corruption while providing utmost protection and confidentiality necessary in accordance to the law and executive regulations

The post Top official of the Amiri Diwan probed – Funds embezzled appeared first on ARAB TIMES - KUWAIT NEWS.

Small Town Missouri Clerk Embezzled $300,000 Before Shootout with Sheriff, Audit Says

[ad_1]

click to enlarge

RALLS COUNTY SHERIFF