Press Release The increasing criminality in Nigeria’s territorial waters such as illegal bunkering, crude oil theft, smuggling, and piracy would will soon be a thing of the past as federal government and its agencies has vowed that it be effectively curbed in the next one year. Lt-Col. Abu Kefas (rtd), […]
Frauds & Scandals
Banks face new probe over mortgage bond trades post 2008: WSJ
Federal regulators are probing whether several big banks deliberately mispriced mortgage bonds in the years following the financial crisis, the Wall Street Journal reported, citing people close to the inquiry. The new investigation is a potential blow to the banks as they have already paid billions of dollars in penalties […]
JPMorgan Agrees To Pay $1.7 Billion To Bernie Madoff Victims
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 […]
