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monitoring

The USA's Securities and Exchange Commission has obtained an asset freeze and other emergency relief in an emergency civil (i.e. not criminal court) enforcement action against Los Angeles-based actor Zachary Horwitz and his company, 1inMM (one in a million) Capital, LLC in connection with an alleged Ponzi scheme that raised over USD690 million. Horwitz and 1inMM allegedly told investors that they were buying film rights, purportedly to resell them to Netflix and HBO; in fact, 1inMM actually had no business relationship with either company.

FCRO Subsection: 

The conviction of a man for destroying mobile phones containing evidence in a bribery case raises issues that go far beyond the immediately obvious.

For details of the case, see Jail for destroying mobile phones containing evidence (Subscription)

For the reasons that comms devices must now be a Board issue, read on..

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