October 5, 2018/Punch Nike Popoola Bankers in the country have expressed their readiness to enforce the law against the abuse of naira notes by setting up mobile courts to punish violators of the currency. They said this during a press briefing after the Bankers’ Committee meeting in Lagos on Thursday. […]
Frauds & Scandals
Mastercard Reaches Agreement to Settle Monetary Damages Related to U.S. Merchant Litigation
18/9/2018/Mastercard Mastercard has reached an agreement to settle monetary damages claims in the U.S. merchant class-action litigation. The agreement formalizes prior discussions and has been executed by all of the defendants – including Mastercard, Visa and a number of banks – and the court-appointed class counsel for the merchants. The […]
SEC Halts Microcap Fraud Scheme Orchestrated Through International Accounts
3/10/2018/US SEC The Securities and Exchange Commission yesterday filed an emergency action and obtained an asset freeze against two individuals and their companies in a scheme that generated more than $165 million of illegal sales of stock in at least 50 microcap companies. SEC investigators unraveled the multi-year scheme with […]
