Frauds & Scandals

SEC Charges IT Services Provider DXC Technology Co. for Misleading Non-GAAP Disclosures

March 15, 2023/US SEC The Securities and Exchange Commission today charged DXC Technology Company, an IT services company in Ashburn, Virginia, with making misleading disclosures about its non-GAAP financial performance in multiple reporting periods from 2018 until early 2020.   According to the SEC’s order, DXC materially increased its reported non-GAAP […]

sEC Charges California Fuel Business Operator with Defrauding Retail Investors and Misappropriating Funds

March 14, 2023/US SEC On March 14, the Securities and Exchange Commission charged John David Gessin and two of his businesses, Equifunds, Inc. and Ice Fleet LLC, with defrauding investors and misappropriating investor funds. According to the SEC’s complaint, filed in the United States District Court for the Central District […]

EMEFIELE DEBUNKS FAKE NEWS Titled: “Emefiele launches fresh plot against President-elect Tinubu”

Image Credit: CBN March 13, 2023/CBN The attention of the Central Bank of Nigeria (CBN) has been drawn to a story published in The Nation newspaper of Monday, March 13, 2023 edition, alleging that the Governor, Mr. Godwin Emefiele has launched a “fresh plot against President-elect”. The aforementioned story went […]