Frauds & Scandals

SEC Awards Over $10 Million to Whistleblower

October 30, 2020/US SEC The Securities and Exchange Commission today announced an award of over $10 million to a whistleblower whose information prompted the opening of an investigation and provided substantial, ongoing assistance to SEC staff throughout the investigation. In more than a dozen communications with the staff, the whistleblower provided […]

N240billion Debt: No ‘Out-of-Court Settlement’ Yet With Pan Ocean Group – AMCON

October 28, 2020/AMCON Contrary to the false news published by some sections of the media, the court is yet to sanction any ‘out-of-court settlement’ with the management of the embattled Pan Ocean Group, an oil and gas company over its indebtedness of N240billion. The huge debt of the company led […]

SEC Issues Record $114 Million Whistleblower Award

October 23, 2020/US SEC The Securities and Exchange Commission today announced an award of over $114 million to a whistleblower whose information and assistance led to the successful enforcement of SEC and related actions.  The $114 million award consists of an approximately $52 million award in connection with the SEC […]