May 18, 2018/AMCON Hon. Justice M.S. Hassan of the Federal High Court Lagos Division has granted an injunction against Sea Petroleum Oil & Gas Limited, whose chief promoter is former Minister of Aviation, Senator Princess Stella Oduah-Ogiemwonyi on the application of Asset Management Corporation of Nigeria (AMCON). Princess Oduah-Ogiemwonyi, […]
Frauds & Scandals
SEC Moves Quickly To Shut Down Fake Pre-IPO Share Scam
17/5/2018/US SEC The Securities and Exchange Commission today announced the unsealing of fraud charges against a defendant who stole at least $400,000 from investors through the sale of non-existent pre-IPO shares of stock. The SEC also obtained emergency relief, including an asset freeze and a temporary restraining order to halt […]
Online Crimes – Nigerian Confraternities Emerge As Business E-Mail Compromise Threat
Culled—Proshare 16/5/2018/Crowdstrike Global Intelligence Team Business email compromise (BEC) is a form of fraud by which a team of cybercriminals convince victims to wire large amounts of funds or send valuable data to criminally controlled accounts; it is facilitated by the victim’s belief that they are actually being asked or […]
