August 29, 2020/AMCON Managing Director/Chief Executive Officer of Asset Management Corporation of Nigeria (AMCON), Mr Ahmed Lawan Kuru (ALK) has renewed the call for legislative support to his agency. The AMCON CEO made the call at the weekend when he led the management of AMCON to appear before a technical […]
Frauds & Scandals
SEC Charges Ponzi Scheme Targeting African Immigrants
August 28, 2020/US SEC The Securities and Exchange Commission today charged two Maryland companies and their principals for a scheme that allegedly defrauded approximately 1,200 investors, many of them African immigrants, of more than $27 million. According to the SEC’s complaint, Dennis Jali, John Frimpong, and Arley Johnson, directly and […]
SEC Charges BorgWarner for Materially Misstating its Financial Statements
August 266, 2020/US SEC The Securities and Exchange Commission today announced settled charges against BorgWarner Inc., a motor vehicle parts manufacturer headquartered in Auburn Hills, Michigan, for materially misstating its financial statements by failing to account for certain asbestos liabilities. The SEC’s order finds that from 2012 to 2016, BorgWarner […]
