| Fraudster
Akazoo Sued By SEC Hired Randy Mastro Who
Warns Directors Needs Insurance
By Matthew
Russell Lee, Patreon
BBC
- Guardian
UK - Honduras
- ESPN
SDNY COURTHOUSE,
Oct 7 – 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 will meet
with the parties again on
October 14.
The case is
Securities and Exchange
Commission v. Akazoo S.A.,
20-cv-8101 (Hellerstein)
***
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