Culled—Proshare November 19, 2020/AMCON Following the order of Honourable Justice R.M. Aikawa of the Federal High Court, Lagos Division, the Asset Management Corporation of Nigeria (AMCON) has taken possession of twelve prime assets belonging to Barrister Jimoh Ibrahim, the chief promoter of Global Fleet Oil & Gas Limited and NICON […]
Frauds & Scandals
OECD Working Group on Bribery Issues Report Commending United States for Maintaining Leading Role in the Fight Against Transnational Corruption
November 17, 2020/OECD The Working Group on Bribery of the Organisation for Economic Co-operation and Development (OECD Working Group) issued its Phase 4 Report of the United States today, announced the Securities and Exchange Commission and the U.S. Departments of Justice, Commerce, and State. The Phase 4 Report is part of […]
SEC Charges Atlanta Investment Adviser with Fraudulent Securities Offering and Misappropriating Investor Funds and Obtains Temporary Restraining Order
November 13, 2020/US SEC On November 12, 2020, the Securities and Exchange Commission charged Atlanta, Georgia-based investment adviser Christopher Burns with defrauding investors and misappropriating investor funds. According to the SEC’s complaint, Burns, through his investment adviser firm Investus Advisers LLC d/b/a Dynamic Money LLC, sold more than $10 million […]
