June 4, 2025/AMCON A former Executive Director at Asset Management Corporation of Nigeria (AMCON), Mr Abbas Muhammed Jega, on Wednesday, June 4th, appeared at the Special Offences Court in Ikeja, Lagos, to testify in the ongoing case between the Economic and Financial Crimes Commission (EFCC) vs the ex-AMCON MD/CEO, Ahmed […]
Frauds & Scandals
SEC Alerts on Ponzi Schemes, Urge Vigilance to Safeguard Investors, Economy
May 29, 2025/CAMCAN The Securities and Exchange Commission (SEC) has sounded a renewed warning on the dangers of Ponzi schemes, highlighting their devastating impact on investor confidence, financial stability, and the Nigerian capital market. This was the central theme of a paper titled “Ponzi Schemes: Avoiding the Pitfalls of Illegality” […]
SEC Charges Massachusetts Resident and his Companies with Stealing Investors’ Money
May 27, 2025/US SEC On May 15, 2025, the Securities and Exchange Commission charged Massachusetts resident Christoper Aubin and his Rhode Island-based companies, Anchor State Capital LLC, formerly known as Anchor State Investments LLC, and Anchor State Properties LLC (collectively, Anchor State), with fraud for making false and misleading statements […]
