Frauds & Scandals

SEC Charges Nissan, Former CEO, and Former Director with Fraudulently Concealing from Investors More than $140 Million of Compensation and Retirement Benefits

  September 23, 2019/US SEC The Securities and Exchange Commission today filed settled fraud charges against Nissan, its former CEO Carlos Ghosn, and its former director Greg Kelly related to false financial disclosures that omitted more than $140 million to be paid to Ghosn in retirement. According to the SEC’s orders and […]

SEC Charges PwC LLP With Violating Auditor Independence Rules and Engaging in Improper Professional Conduct

September 23, 2019/US SEC The Securities and Exchange Commission today charged accounting firm PricewaterhouseCoopers LLP with improper professional conduct in connection with 19 engagements on behalf of 15 SEC-registered issuers and violating auditor independence rules in connection with engagements for one issuer where the firm performed prohibited non-audit services. The […]

Stop Obligors from Contesting Elections in Nigeria, Judge Tells AMCON

September 22, 2019/AMCON Now that the Asset Management Corporation of Nigeria (AMCON) (Amendment) Act 2019, has been signed into law by President Muhammadu Buhari, Hon. Justice C.M.A. Olatoregun of the Federal High Court at the weekend called on the Management of AMCON to adopt a new strategy and partner other […]