November 9, 2018/US SEC On October 30, 2018, the principal of a Mississippi company charged by the Securities and Exchange Commission with fraud for allegedly bilking at least 150 investors in a multimillion dollar Ponzi scheme was sentenced in a parallel criminal action to 19.5 years imprisonment. The parallel criminal […]
Frauds & Scandals
MTN Nigeria Sues FGN and AGF For N3billion
Culled–Proshare November 9, 2018 By Joseph Jibueze of The Nation MTN Nigeria Communication Ltd has filed a fresh suit at the Federal High Court in Lagos to challenge the legality of N242 billion and $1.3 billion import duties and withholding tax demanded from it by the Federal Government. It is […]
SEC Charges Network Marketer with Masterminding a Multimillion Dollar Ponzi and Pyramid Scheme
8/11/2018/US SEC The Securities and Exchange Commission has charged an individual and seven corporate entities that he controlled with defrauding investors through the promotion and operation of a multimillion dollar Ponzi and pyramid scheme. The SEC alleges that Eric J. “EJ” Dalius, who pled guilty in 2001 to criminal charges […]
