23/10/2018/US SEC On October 16, 2018, the Securities and Exchange Commission charged the two co-owners of a now-defunct New York-based private equity firm with defrauding the firm’s advisory clients and pocketing millions in fees. One of the co-owners consented to a judgment, which was entered on October 19, 2018, without […]
Frauds & Scandals
Osinbajo Says Collaboration of Private Sector, Important to Fight Corruption Improve Economy
22/10/2018 *Highlights achievements of FG’s Social Investment Programmes in improving human capital development, financial inclusion nationwide “Perhaps, the greatest challenge through the years has been governance and institutional weaknesses, systemic corruption, integrity and inefficiency in our public service, and the administration of justice system. We have taken a strong stand on corruption, especially grand corruption, but there […]
SEC Suspends Trading in Company for Making False Cryptocurrency-Related Claims about SEC Regulation and Registration
October 22, 2018/US SEC The Securities and Exchange Commission today suspended trading in the securities of a company amid questions surrounding its statements about partnering with a claimed SEC-qualified custodian for use with cryptocurrency transactions and a purportedly registered public offering of preferred stock. The SEC’s trading suspension order says that two […]
