29/10/2018/SFO On Monday, Osman Shahenshah and Shahid Ullah received a total of 30 years for fraud and money laundering offences they had committed whilst they were CEO and Chief Operating Officer of Afren Plc. The men were found guilty at trial earlier this month for a scheme they created to […]
Frauds & Scandals
Court Enters Final Judgment in Microcap Fraud Case Involving Shares of Cynk Technology Corp
October 26, 2018/US SEC On October 10, 2018, a U.S. District Court for the Eastern District of New York entered a final judgment on consent against Philip Kueber, who was charged with orchestrating a fraudulent investment scheme using microcap issuer Cynk Technology Corp. The SEC’s complaint, filed July 31, 2015, […]
List of AMCON’s Top 105 Debtors
Culled—Proshare 24/10/2018/TheCable The Asset Management Corporation of Nigeria (AMCON) has decided to publish detailed list of all erring debtors that have failed and or refused to reach settlement resolution with the Corporation. Below is the list of the top 105 AMCON debtors S/N Obligor Name Main Promoter(s) Current Exposure 1 […]
