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 […]
Frauds & Scandals
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 […]
Defendant in SEC Enforcement Action Convicted On 21 Counts of Wire Fraud
12/7/2018/US SEC On June 26, 2018, Ryan Gilbertson, a Minnesota man previously accused by the SEC of orchestrating an elaborate scheme to siphon millions of dollars from Dakota Plains Holdings, Inc., was convicted on 21 counts of wire fraud, securities fraud, and conspiracy to commit securities fraud. Douglas Hoskins, who […]