July 23, 2025/PRM Africa Former Group Managing Director of FirstBank Nigeria, Dr Olabisi Onasanya, has said he is now vindicated after the Federal High Court in Lagos struck out the controversial loan-related case involving his name. Justice Chukwujekwu Aneke of the Federal High Court, Lagos on Wednesday, July 23, 2025 […]
Frauds & Scandals
SEC Charges New York Resident with Investment Fraud Targeting Family and Friends
July 21, 2025/US SEC On July 17, 2025, the Securities and Exchange Commission charged New York resident Joseph J. D’Ambrosio with orchestrating a multi-year investment fraud through Hereford Holdings, L.L.C., an entity that he established to invest funds on behalf of family and friends, but which he used instead to […]
SEC Obtains Final Judgment against Richmond Federal Reserve Banking Supervisor Charged with Insider Trading
July 21, 2025/US SEC On July 18, 2025, the United States District Court for the Eastern District of Virginia entered a final consent judgment against Robert Brian Thompson, a long-time banking supervisor and examiner at the Federal Reserve Bank of Richmond, whom the SEC previously charged with insider trading in […]
