September 5, 2018/US SEC The Securities and Exchange Commission today charged a Texas-based investment fund and its founder with defrauding investors with false promises of massive returns in cannabis-related businesses. The SEC also issued an alert to warn retail investors about marijuana-related securities offerings. The SEC’s complaint alleges that Greenview […]
Frauds & Scandals
Sanofi Charged With FCPA Violations
4/9/2018/US SEC The Securities and Exchange Commission today announced that Paris-based pharmaceutical company Sanofi has agreed to pay more than $25 million to resolve charges that its Kazakhstan and the Middle East subsidiaries made corrupt payments to win business. According to the SEC’s order, the schemes spanned multiple countries and involved […]
Citibank Nigeria Says Response Sent to CBN on MTN Transaction
September 5, 2018 By InvestAdvocate Lagos (INVESTADVOCATE)-Citibank Nigeria Limited (Citi) said on Wednesday it has sent a detailed response to the Central Bank of Nigeria (CBN) in relation to sanctions imposed on it on alleged breaches of foreign exchange regulations regarding remittances done on behalf of a customer, MTN Nigeria […]
