April 8, 2020/US SEC The Securities and Exchange Commission charged Massachusetts resident Douglas Leighton for a scheme in which he allegedly acquired discounted shares in a microcap company, knowingly failed to disclose his holdings and sales, and manipulated the public market for those shares. Leighton, two entities he controlled, and […]
Frauds & Scandals
CBN Issues Alert on COVID-19 Cyber Frauds
April 6, 2020/CBN The Central Bank of Nigeria (CBN) wishes to alert the general public that cyber-criminals are taking advantage of the current “COVID-19” pandemic to defraud citizens, steal sensitive information, or gain unauthorized access to computers or mobile devices using various techniques. This trend is not peculiar to Nigeria […]
Ponzi Scheme Promoters to Face the Wrath of the Law -SEC
April 5, 2020/SEC Nigeria The Securities and Exchange Commission, SEC has said it will continue to work to protect investors and also ensure the promoters of Ponzi schemes are made to face the full wrath of the law .Ponzi scheme is prohibited by the provisions of Section 38(1) of the […]
