Whistleblower News: SEC Warns Against Celebrity SPACs, Ponzi Scheme, Eli Lilly Insider

SEC warns against investing in SPACs based solely on celebrity backing

REUTERS

The U.S. Securities and Exchange Commission (SEC) cautioned investors on Wednesday about buying shares of so-called special purpose acquisition companies only because they are backed by celebrities, including movie stars and athletes. read more »

 

KC Man Sentenced for $6 Million Ponzi Scheme

DOJ

A Kansas City, Missouri, man was sentenced in federal court today for engaging in a $6 million Ponzi scheme that defrauded dozens of victim investors. read more »

Insider alleges Eli Lilly blocked her efforts to sound alarms about U.S. drug factory

REUTERS

On a chilly spring morning in 2019, Amrit Mula arrived in her office at pharmaceutical giant Eli Lilly and Co’s factory in Branchburg, New Jersey, to find a desk drawer open that she had kept locked. Her files were missing. read more »