Frauds & Scandals

Shareholders Thumb Up NASCON’s Good Performance, Despite Pandemic

June 5, 2022/Dangote Group …wins haulage company of the year Shareholders of NASCON Allied Industries Plc, a subsidiary of Dangote Industries Limited (DIL) have commended the food seasoning company over its impressive performance in the year ended December 31, 2021, in spite of the harsh economic operating environment just as […]

SEC Obtains Final Judgments Against Crowdfunding Issuer and Its CEO

June 3, 2022/US SEC The Securities and Exchange Commission announced today that, on June 2, 2022, the Court in SEC v. Shumake, et. al, entered final judgments against crowdfunding issuer, 420 Real Estate, LLC, and its CEO, Willard Jackson. The SEC’s complaint, filed on September 20, 2021 in the United […]

SEC Charges Global Steel Pipe Manufacturer with Violating Foreign Corrupt Practices Act

Tenaris to pay $78 million to settle charges related to Brazilian bribery scheme June 3, 2022/US SEC The Securities and Exchange Commission today announced that Tenaris, a Luxembourg-based global manufacturer and supplier of steel pipe products, will pay more than $78 million to resolve charges that it violated the Foreign […]