August 7, 2018/State House The Acting President, Professor Yemi Osinbajo, SAN, has directed the termination of the appointment of the Director-General, State Security Service, Lawal Musa Daura with immediate effect. Mr. Daura has been directed to hand over to the most senior officer of the State Security Service until further […]
Frauds & Scandals
SEC Updates List of Firms Using Inaccurate Information to Solicit Investors
August 6, 2018/US SEC The Securities and Exchange Commission today announced that it has updated its list of unregistered firms that use misleading information to primarily solicit non-U.S. investors, adding 16 soliciting entities, four impersonators of genuine firms, and nine bogus regulators. The updates by the SEC Division of Enforcement’s […]
SEC Obtains Final Judgment Against Defendants in Hedge Fund Fraud Scheme
August 6, 2018/US SEC On August 6, 2018, a federal court in Boston, Massachusetts, entered a final judgment against Yasuna Murakami, a former Massachusetts-based hedge fund manager, and two advisory entities he operated in connection with a scheme to defraud investors by hiding trading losses and misappropriating investor funds. Murakami […]
