July 15, 2018/US SEC The Securities and Exchange Commission has charged a stock promoter and four others involved in an alleged series of microcap fraud schemes that were foiled by FBI undercover work and an SEC trading suspension. According to the SEC’s complaint filed in federal court in southern California […]
Frauds & Scandals
Appeal Court Dismisses Innoson’s Preliminary Objections Against GTBank
July 14, 2018/jspcommunications The Court of Appeal sitting in Enugu yesterday dismissed the preliminary objections brought before it by the Chairman of Innoson Motors, Chief Innocent Chukwuma and his company, Innoson Motors Ltd. Innoson arguing through his counsel, Prof. McCarthy Mbadugha had at the last hearing of the matter on […]
Old Mutual appoints Deloitte as joint auditor in a blow to scandal-hit KPMG
11/7/2018/Reuters South African insurer Old Mutual has appointed Deloitte as joint auditor alongside scandal-hit KPMG, it said on Thursday, an unusual move reflecting what it said were unresolved challenges related to its sole auditor for nearly two decades. KPMG’s South African unit is battling to restore its reputation after becoming […]
