Kenya’s competition authority has fined Baltic lender Eleving‘s Kenyan subsidiary for misleading its customers, casting a spotlight on the continuing unethical operations of a section of digital lenders in the country despite a new law. The Competition Authority of Kenya (CAK) imposed a fine of $ 84,120 on Eleving subsidiary Mogo Kenya for violating competition […]
Stray Kids’ Felix The Subject Of Misleading Allegations After UNICEF Appointment
Stray Kids Felix‘s recently announced ambassadorship position has sparked debate. Stray Kids’s Felix On September 22, Felix was named UNICEF Korea Committee Goodwill Ambassador. According to the organization, he was selected due to his previous donations and service, including his time volunteering in Laos. | UNICEF With the announcement, Felix stated that he took on […]
Lordstown Motors’ ousted CEO settles with SEC for misleading investors
Steve Burns, the ousted founder, chairman and CEO of bankrupt EV startup Lordstown Motors, has settled with the U.S. Securities and Exchange Commission over misleading investors about demand for the company’s flagship all-electric Endurance pickup truck. Burns was ordered to pay a civil fine of $ 175,000 and cannot serve as an officer or director […]
Male Singer Sentenced To Prison For Drunk Driving And Misleading Authorities
Renowned male singer Eru is set to face a prison sentence of one year for a drunk driving incident and an attempt to mislead the authorities by swapping drivers. The Seoul Western District Court’s 2nd-2 Criminal Division, presided by Judge Lee Hyun Woo, upheld the prosecution’s request for the same punishment as the initial verdict: a […]
Lordstown Motors charged with misleading investors about the sales potential of its EV pickup
The Securities and Exchange Commission has charged bankrupt Lordstown Motors with misleading investors about the sales prospects of its Endurance electric pickup truck. Lordstown has agreed to pay $ 25.5 million as a result — money that the SEC says will go towards settling a number of pending class action lawsuits against the company. “We […]