April 6, 2021/US SEC The Securities and Exchange Commission today announced the institution of administrative proceedings against a Texas-based CPA for allegedly failing to register his firm with the Public Company Accounting Oversight Board (PCAOB) and alleged wholesale failures in auditing and reviewing the financial statements of a public company […]
Frauds & Scandals
Ecobank Nigeria MD Canvasses Artificial Intelligence to Check Cybercrimes
April 4, 2021/Ecobank Nigeria The Managing Director, Ecobank Nigeria, Patrick Akinwuntan has advocated the use of artificial intelligence to predict security threats and proffer solutions. Akinwuntan who made this assertion at a webinar themed, “Cyber threat Landscape: Financial services, 2021 and beyond.”organised by Information Security Society of Africa, Nigeria (ISSAN) […]
SEC Charges Atlanta Resident with Offering Fraud and Misappropriating Funds
April 1, 2021/US SEC The Securities and Exchange Commission today charged Atlanta, Georgia resident Richard J. Randolph, III with defrauding investors and misappropriating investor funds in connection with various purported real estate and business ventures. The SEC’s complaint alleges that, since late 2015, Randolph raised more than $1.6 million from […]
