August 31, 2018/US SEC The Securities and Exchange Commission today filed charges against a Buffalo, New York, investment advisory firm and its owner for misleading firm clients about its association with a barred investment adviser, who is also being charged for violating the bar. The SEC’s complaint alleges that in […]
Frauds & Scandals
SEC Charges Florida Cash Advance Company, Former CEO with Defrauding Thousands of Retail Investors
29/8/2018/US SEC The Securities and Exchange Commission today announced charges against 1 Global Capital LLC and its former chief executive officer for allegedly defrauding at least 3,400 retail investors, more than one-third of whom invested their retirement funds. The Florida-based cash advance company and former CEO Carl Ruderman allegedly fraudulently […]
After SaharaReporters Exclusive, CBN Hurriedly Orders Banks To Refund N5.87bn
29/8/2018/SaharaReporters he Central Bank of Nigeria (CBN) has directed four banks to refund N5.87 billion — two days after SaharaReporters published an exclusive report on how Godwin Emefiele, Governor of the bank, was blocking the imposition of fines amounting to $6.5billion on banks that exported forex illegally. Making the announcement in […]
