Latest African Gold Acquisition Corp News

Prisoner behind bars sitting on the floor

Business 1 May 2023

SPAC ex-CFO gets 3 years in prison over $5M stolen for meme stocks, digital assets trading

Cooper Morgenthau is charged with stealing from two SPACs and falsified financial documents, using the money to trade meme stocks and digital assets, where he lost it all.

Danger Fraud Alert sign on top of keyboard

Business 10 January 2023

SEC charges former SPAC CFO over $5M digital asset-related scam

SEC claims that Cooper J. Morgenthau stole over $5 million from African Gold Acquisition Corp., which he used to purchase digital assets and other securities.