BROG - SEC Imposes $5 Million Fine On Brooge Energy (BROG) For Allegedly Inflating Revenue – Hagens Berman | Benzinga
SAN FRANCISCO, Jan. 19, 2024 (GLOBE NEWSWIRE) -- Hagens Berman urges Brooge Energy Limited (NASDAQ:BROG) investors who suffered substantial losses to submit your losses now.
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Brooge Energy Limited (BROG) Investigation:
On Dec. 22, 2023, the SEC fined Brooge Energy $5 million and issued a cease-and-desist order against Brooge, its former CEO (Nicolaas Lammert Paardenkooper), and its former Chief Strategy Officer and former Interim CEO (Lina Saheb). The SEC found, in part that: (1) before and after going public through a SPAC merger, Brooge misstated between 30 and 80 percent of its revenues from 2018 through ...
BROG) For Allegedly Inflating Revenue – Hagens Berman>Full story available on Benzinga.com