Madoff investment scandal

SEC Shuts Down Fraudulent Mother-Son Offering Involving Purported Supercomputer

Retrieved on: 
Monday, July 19, 2021

As alleged, Profit Connect claims that its supercomputer consistently generates enormous returns, which in turn allows Profit Connect to guarantee investors fixed returns of 20-30 percent per year with monthly compounding interest.

Key Points: 
  • As alleged, Profit Connect claims that its supercomputer consistently generates enormous returns, which in turn allows Profit Connect to guarantee investors fixed returns of 20-30 percent per year with monthly compounding interest.
  • According to the complaint, however, over 90 percent of Profit Connects funds came from investors.
  • On July 14, the court granted the SEC emergency relief against the Kovars and Profit Connect, including a temporary restraining order and an order freezing their assets.
  • The SEC appreciates the assistance of the Utah Division of Securities.

SPCE Upcoming Deadline: Bronstein, Gewirtz & Grossman, LLC Reminds Investors of Virgin Galactic Holdings, Inc. Class Action and Lead Plaintiff Deadline: July 27, 2021

Retrieved on: 
Monday, July 19, 2021

Such investors are encouraged to join this case by visiting the firms site: www.bgandg.com/spce .

Key Points: 
  • Such investors are encouraged to join this case by visiting the firms site: www.bgandg.com/spce .
  • This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934.
  • The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements and failed to disclose material adverse information.
  • If you suffered a loss in Virgin Galactic you have until July 27, 2021 to request that the Court appoint you as lead plaintiff.

Acutus Medical Reports Preliminary Unaudited Second Quarter 2021 Financial Results

Retrieved on: 
Monday, July 12, 2021

CARLSBAD, Calif., July 12, 2021 (GLOBE NEWSWIRE) -- Acutus Medical, Inc. (Acutus or the Company) (Nasdaq: AFIB), an arrhythmia management company focused on improving the way cardiac arrhythmias are diagnosed and treated, today reported preliminary unaudited results for the second quarter of 2021.

Key Points: 
  • CARLSBAD, Calif., July 12, 2021 (GLOBE NEWSWIRE) -- Acutus Medical, Inc. (Acutus or the Company) (Nasdaq: AFIB), an arrhythmia management company focused on improving the way cardiac arrhythmias are diagnosed and treated, today reported preliminary unaudited results for the second quarter of 2021.
  • Second quarter 2021 net sales are expected to be in the range of $4.6 to $4.7 million, reflecting growth of over 300% as compared to the prior years second quarter results and growth of approximately 30% as compared to the result from the first quarter of 2021.
  • The preliminary consolidated financial results presented above are not a comprehensive statement of the Companys financial results for the quarter ended June 30, 2021 and have not been audited, reviewed or compiled by our independent registered public accounting firm, KPMG LLP.
  • The preliminary consolidated financial results presented above are subject to the completion of the Companys financial closing procedures.

Saxena White P.A. Files Securities Fraud Class Action Against James River Group Holdings, Ltd.

Retrieved on: 
Friday, July 9, 2021

has filed a securities fraud class action lawsuit (the Class Action) in the United States District Court for the Eastern District of Virginia against James River Group Holdings, Ltd. (James River or the Company) (NASDAQ: JRVR) and certain of its executive officers (collectively, Defendants).

Key Points: 
  • has filed a securities fraud class action lawsuit (the Class Action) in the United States District Court for the Eastern District of Virginia against James River Group Holdings, Ltd. (James River or the Company) (NASDAQ: JRVR) and certain of its executive officers (collectively, Defendants).
  • The Class Action is captioned: Employees Retirement Fund of the City of Fort Worth dba Fort Worth Employees Retirement Fund v. James River Group Holdings, Ltd, et.
  • James River is a Bermuda-based holding company that owns and operates a group of specialty insurance and reinsurance companies.
  • Currently serving as lead counsel in numerous securities fraud class actions nationwide, Saxena White has recovered billions of dollars on behalf of injured investors.

Rising demand for 'green' metals renews growth optimism for Canadian mining companies

Retrieved on: 
Thursday, July 8, 2021

ESG, sustainability, and innovation key to growth prospects, KPMG in Canada report finds

Key Points: 
  • ESG, sustainability, and innovation key to growth prospects, KPMG in Canada report finds
    TORONTO, July 8, 2021 /CNW/ - Rising demand for 'green' metals as the world transitions to clean energy is contributing to renewed optimism in the growth prospects for Canada's mining industry, finds a new KPMG in Canada report, Risk and Opportunities for Canadian miners .
  • Demand for lithium used in batteries, for example, including electric vehicles , is expected to expand by a factor of 30 by 2030, according to the International Energy Agency.
  • "The outlook for the mining industry is extremely positive," says Heather Cheeseman, partner and Toronto mining leader, KPMG in Canada.
  • ESG now dominate boardroom conversations in every mining company, and mining leaders overwhelmingly agree this is a top priority."

Study finds 55% of intellectual property leaders consider navigating budget restrictions their top priority for the year

Retrieved on: 
Wednesday, July 7, 2021

KPMG Law conducted this study with a broad sample of corporate IP departments across industries worldwide.

Key Points: 
  • KPMG Law conducted this study with a broad sample of corporate IP departments across industries worldwide.
  • Handling cost and budget restrictions and improving cooperation with internal clients are the top priorities for IP departments around the world.
  • In its fifth year, this report by KPMG Law titled "Protecting Value: The 5th Intellectual Property Report 2020/21," studied leading innovators from across industries.
  • "Being a partner of innovation leaders around the world, we are proud to see our esteemed clients taking part in such a thought leadership study.

UGI Names New VP, Chief Accounting Officer & Controller

Retrieved on: 
Thursday, July 1, 2021

UGI Corporation (NYSE: UGI) has named Jean Felix (JF) Tematio Dontsop as Vice President, Chief Accounting Officer (CAO), and Controller, effective July 19.

Key Points: 
  • UGI Corporation (NYSE: UGI) has named Jean Felix (JF) Tematio Dontsop as Vice President, Chief Accounting Officer (CAO), and Controller, effective July 19.
  • Tematio Dontsop, 45, most recently served as Vice President of Internal Audit for West Pharmaceuticals in Exton, PA.
  • Previously, he held several roles of increasing responsibility over 15 years with PricewaterhouseCoopers (PwC), based in Philadelphia, PA and Paris, France, including Audit Director of large multinational companies.
  • A native of Cameroon, he also worked earlier in his career with KPMG, based in Paris.

MassMutual Appoints Julieta Sinisgalli as Treasurer

Retrieved on: 
Thursday, July 1, 2021

Massachusetts Mutual Life Insurance Company (MassMutual) today announced the appointment of Julieta Sinisgalli as Treasurer.

Key Points: 
  • Massachusetts Mutual Life Insurance Company (MassMutual) today announced the appointment of Julieta Sinisgalli as Treasurer.
  • Sinisgalli replaces Todd Picken, who has retired from MassMutual.
  • We are delighted to welcome Julieta back to MassMutual in her new role as Treasurer, said Hager.
  • In addition to her work with MassMutual, Sinisgalli spent a decade with General Electric in Corporate Treasury and Asset Management senior roles.

Haven Life Introduces A Newly Priced Haven Term, Making It More Affordable For Families To Help Financially Protect Their Loved Ones

Retrieved on: 
Wednesday, June 30, 2021

Life.

Key Points: 
  • Life.
  • "We're proud to announce this change for Haven Term, since it will help make life insurance more modern, accessible and most of all affordable."
  • Haven Life Insurance Agency, LLC (Haven Life) is re-thinking how people financially protect the ones they love.
  • Haven Term is available through Haven Life Insurance Agency, LLC (Haven Life), whose agency license number in California is OK71922 and in Arkansas, 100139527.

Haven Life Introduces A Newly Priced Haven Term, Making It More Affordable For Families To Help Financially Protect Their Loved Ones

Retrieved on: 
Wednesday, June 30, 2021

Life.

Key Points: 
  • Life.
  • Haven Life Insurance Agency, LLC (Haven Life) is re-thinking how people financially protect the ones they love.
  • Haven Term is a Term Life Insurance Policy (ICC21 Haven Term in certain states, including NC) issued by C.M.
  • Haven Term is available through Haven Life Insurance Agency, LLC (Haven Life), whose agency license number in California is OK71922 and in Arkansas, 100139527.