Tag Archives: Unregistered Bonds

Ethiopia: TPLF Criminals Nabbed in U.S. Selling Unregistered Bonds

TPLF-begging
TPLF’s massive fraud in the name of selling a worthless Renaissance Dam security bonds against Diaspora Ethiopians in the U.S. has been uncovered by the U.S. Securities and Exchange Commission. It is now ordered to pay the U.S. government USD$ 6.5 million and return all the money it collected from investors back with interest.

By Prof. Al Mariam,

Last week, the U.S. Securities and Exchange Commission announced an agreement in which the dictatorship of the Tigrean People’s Liberation Front (TPLF), the ruling regime in Ethiopia, agreed to pay some USD$6.5 million dollars in “disgorgement” (a legal act by which someone who has obtained profits or something of value by illegal or unethical acts is forced to return the ill-gotten gains to the rightful owner) for selling unregistered bonds over a period of 4 years. The SEC announcement is an extraordinary legal development. Continue reading Ethiopia: TPLF Criminals Nabbed in U.S. Selling Unregistered Bonds