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SPAC African Gold Acquisition settles US SEC charges of internal controls, reporting, recordkeeping failures

( February 22, 2023, 18:34 GMT | Official Statement) -- MLex Summary: African Gold Acquisition, a publicly traded special purpose acquisition company, agreed to settle US Securities and Exchange Commission charges of internal controls, reporting, and recordkeeping violations. These failures enabled African Gold’s former chief financial officer, Cooper Morgenthau, to misappropriate $1.2 million from the company, the SEC said. African Gold agreed to pay $104,000 to settle the charges. Last month, the SEC charged Morgenthau with violating federal securities laws.Statement and document follow below:...

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