13/11/2018/US SEC The Securities and Exchange Commission today announced that it has agreed to resolve its insider trading claims against James V. Mazzo, the former Chairman and Chief Executive Officer of Advanced Medical Optics, Inc. (AMO) for allegedly tipping information about his company’s acquisition to his close personal friend, former […]
Frauds & Scandals
No Violations in Approval of N5.8Bn Emergency Food Intervention Fund for North-East
9/11/2018 Our attention has been drawn to a report of the House Committee on Emergency and Disaster Preparedness issued on Thursday, November 8, 2018, particularly in respect of funds released for “emergency intervention of food security to the North-East” in June 2017, when the Vice President was Acting President. In […]
Court Orders Wife of Accused Ponzi Schemer to Pay Millions of Dollars
November 10, 2018/US SEC A federal court has ordered the wife of an accused Ponzi schemer to disgorge more than $4 million in investor funds. The Securities and Exchange Commission charged Joseph Meli in January 2017 with fraud for running a Ponzi scheme. The SEC alleged that Joseph Meli raised […]
