April 16, 2019/AfDB The African Development Bank Group today announced the debarment of Ms. Namahoua DIOMANDE, also trading under the names Zata Productions, Zata Prod and Zata Service, for 12 months. An investigation conducted by the Bank’s Office of Integrity and Anti-Corruption established that Ms. DIOMANDE, a resident of Côte […]
Frauds & Scandals
SEC Charges Former Woodbridge Directors of Investment With Fraud
April 11, 2019/US SEC The Securities and Exchange Commission today charged two former directors of investments at Woodbridge Group of Companies LLC for their roles in its massive Ponzi scheme. The defendants, California-based Ivan Acevedo and Dane R. Roseman, were separately arrested and charged by criminal authorities, along with Woodbridge owner Robert H. Shapiro. […]
SEC Charges Dubai-Based Advisory Firm and Its Founder
April 11, 2019/US SEC The Securities and Exchange Commission today charged Arif M. Naqvi and Abraaj Investment Management Limited, a Dubai-based investment advisory firm, with misappropriating funds from a private equity fund client. The SEC alleges that Naqvi and his firm raised money for the Abraaj Growth Markets Health Fund […]
