Akazoo Sued By SEC Hired Randy Mastro Who
Warns Directors Needs Insurance
Russell Lee, Patreon
UK - Honduras
Oct 7 – The SEC sued
Akazoo for fraud.
7 U.S. District Court for the
Southern District of New York
Judge Alvin K. Hellerstein
held a proceeding. Inner City
Press covered it.
issue was whether Akazoo can
keep spending money, for
example on D&O insurance.
said, no one will work for the
"good guys" at the New Akazoo.
Hellerstein, praising him,
said no written order would be
necessary beyond the oral
representations. He will meet
with the parties again on
The case is
Securities and Exchange
Commission v. Akazoo S.A.,
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