JPMorgan Chase has agreed to pay $1.7 billion to victims of Bernie Madoff’s ponzi scheme, according to a statement from the United States Attorney for the Southern District of New York. [via Bloomberg News] U.S. Attorny Preet Bharara will hold a press conference today at 1:15 p.m. EST. Bharara will […]
Frauds & Scandals
Theophilus Ilevbare: President Jonathan’s 11th private jet!
The presidency has made a proposal for an upfront deposit of N1.5billion for a brand new private jet, what will become the Presidential Air Fleet’s (PAF) 11th aircraft. This figure is contained in the details of the 2014 Appropriation Bill presented to the National Assembly by President Goodluck Jonathan through […]
Nigeria’s SEC Indicts Vicad Securities, 16 Others for Insider Dealings
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s Securities and Exchange Commission (SEC) Monday said it has indicted Vicad Securities Limited and sixteen (16) others for insider dealings. According to SEC, Vicad Securities and the 16 other respondents were indicted for failure/refusal of the respondents to cross investor shares worth N18 million […]
