The U.S. Securities and Exchange Commission filed suit Tuesday against two North Carolina-based insurance executives and their Malta-based registered investment adviser for allegedly defrauding clients out of more than $75 million through undisclosed transactions that only benefited themselves.
US authorities charge Malta company with 'elaborate' scheme that defrauded clients out of over US$75 million theshiftnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theshiftnews.com Daily Mail and Mail on Sunday newspapers.
A Malta-based advisory firm has been charged along with its owners with defrauding clients out of more than $75 million, a US financial watchdog announced on Tu