| Fraudster
Akazoo Sued By SEC Hired Randy Mastro Now
Says It Is Being Worked Out
By Matthew
Russell Lee, Patreon
BBC
- Guardian
UK - Honduras
- ESPN
SDNY COURTHOUSE,
Oct 14 – The SEC sued
Akazoo for fraud.
Akazoo hired
Randy Mastro.
On October
7 U.S. District Court for the
Southern District of New York
Judge Alvin K. Hellerstein
held a proceeding. Inner City
Press covered it.
At
issue was whether Akazoo can
keep spending money, for
example on D&O insurance.
Otherwise, Mastro
said, no one will work for the
"good guys" at the New Akazoo.
Judge
Hellerstein, praising him,
said no written order would be
necessary beyond the oral
representations. He said he
would meet with the parties
again on October 14. Inner
City Press covered this as
well.
On October
14 Mastro was talking about
the D&O carve out, and
saying he had all interested
parties on board. Judge
Hellerstein worried aloud
about someone coming in later.
We got this, Mastro in essence
said. There seemed to be a
preference for putting nothing
in writing. The next date was
set for October 17.
The case is
Securities and Exchange
Commission v. Akazoo S.A.,
20-cv-8101 (Hellerstein)
***
Your
support means a lot. As little as $5 a month
helps keep us going and grants you access to
exclusive bonus material on our Patreon
page. Click
here to become a patron.
Feedback:
Editorial [at] innercitypress.com
SDNY Press Room 480, front cubicle
500 Pearl Street, NY NY 10007 USA
Mail: Box 20047, Dag
Hammarskjold Station NY NY 10017
Reporter's mobile (and weekends):
718-716-3540
Other, earlier Inner City Press are
listed here,
and some are available in the ProQuest
service, and now on Lexis-Nexis.
Copyright 2006-2020 Inner City
Press, Inc. To request reprint or other
permission, e-contact Editorial [at]
innercitypress.com
|
,
