November 6, 2018/US SEC On November 2, 2018, the SEC obtained default judgments against two entities, TelexElectric, LLLP and Telex Mobile Holdings, Inc., which were both named as relief defendants for the purpose of recovering ill-gotten gains that the entities received from TelexFree, LLC in connection with the TelexFree pyramid […]
Frauds & Scandals
Nigeria’s Antigraft Agency, EFCC, Removes Benedict Peters from ‘WANTED’ LIST
November 6, 2018/Aiteo Group The Economic and Financial Crimes Commission (EFCC), has conformed with the order of Nigeria’s High Court, directing the removal of the name of the Executive Vice Chairman of Aiteo Group, Benedict Peters, from its list of wanted persons. This action confirms EFCC’s compliance with the judgment […]
Dubai Sues China’s Merchants Port
November 5, 2018 By Paul Nyakazeya The Financial Gazette Newswire UNITED Arab Emirates’ (UAE) DP World Limited and its subsidiaries has taken legal action against China for building an international free zone on a terminal being disputed with Djibouti. The lawsuit was filed in the High Court of Hong Kong […]
