Litigation: SEC Charges CEO With Misappropriation of $2.2 Million, $6 Million of Illegal Stock Sales
November 19, 2024
November 19, 2024
WASHINGTON, Nov. 19 -- The Securities and Exchange Commission issued the following litigation release (No. 2:24-cv-09941; C.D Cal. filed Nov. 18, 2024) involving Frank Igwealor et al.:
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The Securities and Exchange Commission announced today it filed charges against Frank Igwealor of Playa del Rey, California, the CEO of several microcap issuers, for engaging in a scheme to misappropriate $2.2 million from a microcap company he controlled to purchase a home, and ill . . .
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The Securities and Exchange Commission announced today it filed charges against Frank Igwealor of Playa del Rey, California, the CEO of several microcap issuers, for engaging in a scheme to misappropriate $2.2 million from a microcap company he controlled to purchase a home, and ill . . .