February 19, 2020/US SEC The Securities and Exchange Commission announced charges against alcohol producer Diageo plc for failing to make required disclosures of known trends relating to the shipments of unneeded products by its North American subsidiary to distributors. Diageo has agreed to pay $5 million to settle the action. According […]
Frauds & Scandals
SEC Charges Real Estate Company and Executives with Defrauding More Than 1,000 Retail Investors, Obtains Emergency Relief
February 18, 2020/US SEC On February 18, 2020, the Securities and Exchange Commission announced an emergency enforcement action and a temporary restraining order and asset freeze against Florida-based private real estate firm EquiAlt LLC, its CEO Brian Davison, and its Managing Director Barry Rybicki, in connection with an alleged fraudulent unregistered […]
Court Set To Arraign Sen. Ifeanyi Ubah Over N132billion AMCON Debt
February 13, 2020/AMCON This is not the best time for the Anambra State born Senator, Ifeanyi Ubah and his Capital Oil and Gas Limited. Following what transpired in court today (Thursday), Ubah will now be arraigned on April 2, 2020 over fraudulent value of assets tendered to offset a whopping […]
