Violation Tracker Individual Record
: Akazoo S.A.
: October 27, 2021
: financial offenses
: investor protection violation
: The Securities and Exchange Commission announced a $38.8 million settlement of charges against Akazoo S.A., a purported music streaming business based in Greece, for allegedly defrauding investors out of tens of millions of dollars in connection with a 2019 special purpose acquisition company (SPAC) business combination.
Level of Government
: agency action
: Securities and Exchange Commission
Civil or Criminal Case
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Current parent company note
: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log