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, […]
Frauds & Scandals
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 […]
Ex-Afren CEO And COO Convicted Of Fraud And Money Laundering In Over $300m Oil Deal
Culled—Proshare 24/10/2018/Serious Fraud Office, UK The bosses of Afren schemed with their Nigerian partner Oriental Energy to receive millions in secret payoffs while their company went bust. They were convicted in a UK court today. Sentencing has been scheduled at Southwark Crown Court for Monday 29 October at 10.00am. Today, […]
