Frauds & Scandals

Altaba, Formerly Known as Yahoo!, Charged With Failing to Disclose Massive Cybersecurity Breach; Agrees To Pay $35 Million

April 24, 2018/US SEC The Securities and Exchange Commission today announced that the entity formerly known as Yahoo! Inc. has agreed to pay a $35 million penalty to settle charges that it misled investors by failing to disclose one of the world’s largest data breaches in which hackers stole personal […]

U.S. Rates Nigeria Low On Respect For Human Rights

April 24, 2018/Sahara Reporters The government of the United States has rated the Nigerian government very low in terms of respect for fundamental human rights of the citizens. In its annual report on respect for human rights globally released on Monday, the US said violations of human rights continued to […]

SEC Obtains Judgments against Stephen DiCarmine and Joel Sanders

April 23, 2018/US SEC On April 18, 2018, a federal court entered judgments against former Dewey & LeBoeuf, LLP executives Stephen DiCarmine and Joel Sanders in an SEC enforcement action arising from their roles in a fraudulent $150 million bond offering. In 2014, the SEC filed suit against DiCarmine, Sanders, […]