December 24, 2020/CBN The Central Bank of Nigeria (CBN) on Thursday announced the revocation of the operating licenses of Seven (7) Payment Services Providers. This was contained in an official gazette document published on the CBN website. The affected service providers were listed under schedule I of the gazette The […]
Frauds & Scandals
SEC Charges Texas Recidivist for Fraudulent Sale of Oil-And-Gas Investments
December 23, 2020/US SEC On December 23, 2020, the Securities and Exchange Commission filed a complaint against Ronnie Lee Moss, Jr. of Flower Mound, Texas, and Genesis E&P, Inc., Royal Oil, LLC, and Catalyst Operating, LCC, three companies Moss controlled, alleging they raised approximately $5.7 million by selling fraudulent oil-and-gas […]
SEC Awards Over $1.6 Million to Whistleblower
December 22, 2020/US SEC The Securities and Exchange Commission today announced an award of more than $1.6 million to a whistleblower whose tip significantly contributed to the success of an enforcement action. The whistleblower produced critical information about an ongoing fraudulent scheme and provided extensive assistance to the investigative staff, […]
