Frauds & Scandals

INNOSON LIED: Admits to Spreading False Information about GTBank and Supreme Court Judgment

12/6/2018/jspcommunications Innoson has today admitted that there was no Supreme Court judgement against GTBank. After falsely claiming a victory at the Supreme Court of Nigeria, Chairman of Innoson Motors, Dr Innocent Chukwuma has admitted to completely distorting the directive of the Supreme Court and publicly apologized for spreading fake and […]

SEC Charges Canadian Accountant with Insider Trading

June 12, 2018/US SEC The Securities and Exchange Commission today charged a Vancouver-based Chartered Professional Accountant with illegally trading in the securities of a Canadian oil and gas company, using non-public information he obtained while working for a member of the company’s board of directors. The SEC’s complaint alleges that […]

SEC Charges Merrill Lynch for Failure to Supervise RMBS Traders

June 12, 2018/US SEC The Securities and Exchange Commission today announced that Merrill Lynch, Pierce, Fenner & Smith Inc. will pay more than $15 million to settle charges that its employees misled customers into overpaying for Residential Mortgage Backed Securities (RMBS). Merrill Lynch agreed to repay more than $10.5 million […]