Pardon the off-topic post, but I am pleased to share that yesterday I was inducted as a player into the Wisconsin High School Basketball Hall of Fame. Below is the Hall of Fame Bio. Mike was born and raised in Elkhart Lake, WI, the son of a painter and nurse who sacrificed much to give him the opportunity to succeed. During his youth, Mike would keep his neighbors up with the sound of a dribbling…
There have been several Foreign Corrupt Practices Act enforcement actions regarding conduct in India (see here for some of the actions). Certain of those enforcement actions involved the conduct of Indian subsidiaries of U.S. issuers. However, it is believed that there has never been an FCPA enforcement action against an Indian issuer. That may change. As highlighted in this prior post, in November 2020 Dr. Reddy’s Laboratories Ltd., (an India-based pharmaceutical company with ADRs listed…
Have you heard about the Dallas-based company selling limited partnership interests in an investment that returns 12%/annually, paid twice a year? The company claims to have 10,000 investors who have invested $250 million and earned $30 million interest. Sounds great. Right? Not so fast! Prestige Equity is yet another investment scam, like thousands before it. Recently, the Texas State Securities Board issued a cease and desist order to Robert Clemmons, Felix Crayborn, Grant Myers, William…