Replies to post #224929 on DD Support Board and Research Team

[janice shell]

Look who the SEC filed against yesterday!

Frank Igwealor et al.
U.S. SECURITIES AND EXCHANGE COMMISSION

Litigation Release No. 26171 / November 19, 2024

Securities and Exchange Commission v. Frank Igwealor, Patience Ogbozor, Alpharidge Capital LLC, American Community Capital LP, GiveMePower, Inc., Kid Castle Educational Corporation, Los Angeles Community Capital, and Video River Networks, Inc., No. 2:24-cv-09941 (C.D Cal. filed Nov. 18, 2024)

SEC Charges CEO with Misappropriation of $2.2 Million and $6 Million of Illegal Stock Sales

https://www.sec.gov/enforcement-litigation/litigation-releases/lr-26171

The Complaint:

https://www.sec.gov/files/litigation/complaints/2024/comp26171.pdf

[janice shell]

And here we have another guy pretending to be a billionaire:

Ian Mitchell

U.S. SECURITIES AND EXCHANGE COMMISSION

Litigation Release No. 26173 / November 19, 2024

Securities and Exchange Commission v. Ian Mitchell, No. 24-civ-8741 (S.D.N.Y. filed November 18, 2024)

SEC Charges NY Man Claiming to be a Billionaire with Offering Fraud

https://www.sec.gov/enforcement-litigation/litigation-releases/lr-26173

The Complaint:

https://www.sec.gov/files/litigation/complaints/2024/comp26173.pdf

12. Mitchell, age 36, is a resident of Queens, New York.

13. During the Relevant Period, Mitchell assumed the alias David Dangote and claimed to be the nephew of Aliko Dangote, one of Africa’s richest persons.

14. In addition to lying to investors about his name and familial relationship, Mitchell also falsely claimed that he was raised in London, graduated from Harvard Business School, worked in the financial field, and had a net worth of $1 billion.

15. While claiming to be Aliko Dangote’s nephew, to have a net worth of $1 billion, and to be a graduate of Harvard Business School, Mitchell solicited investments from two individuals.

16. At the time he solicited these two investors, Mitchell knew, or recklessly disregarded that, he was not Aliko Dangote’s nephew, he did not have a net worth anywhere close to $1 billion, and did not graduate from (or even attend) Harvard Business School...

https://www.sec.gov/files/litigation/complaints/2024/comp26173.pdf