Frauds & Scandals

US Embassy Abuja Issues Security Alert on Elvated Risk of Terror Attacks in Nigeria

October 23, 2022/US Embassy The U.S. Embassy located in Abuja FCT has issued a security alert stating that there is an elevated risk of terror attacks in Nigeria, specifically in Abuja.   The Embassy further stated that targets may include, but are not limited to, government buildings, places of worship, […]

SEC Charges Mattel with Financial Misstatements and Former PwC Audit Partner with Improper Professional Conduct

October 21, 2022/US SEC The Securities and Exchange Commission today announced that California-based Mattel Inc. has agreed to pay $3.5 million to settle charges relating to misstatements in its third and fourth quarter 2017 financial statements. Separately, the SEC is initiating litigation against Joshua Abrahams, a former audit partner at […]

SEC Files Action Against Former Newage CEO

October 18, 2022/US SEC The Securities and Exchange Commission announced today that it filed charges against Brent David Willis, the former Chief Executive Officer (“CEO”) of NewAge, Inc. (formerly known as New Age Beverages Corporation), alleging that Willis engaged in a multi-year fraud by disseminating numerous false and misleading press […]