April 16, 2018/Sahara Reporters The Economic and Financial Crimes Commission has arraigned leading Nigeria telecommunication firm, Globacom Nigeria Limited and its Indian Chief Marketing Officer, Ashok Israni, before Justice A.O. Williams of the Lagos State Special Offences Court Ikeja, over an alleged fraud of $6,786,674.61. In the one count charge […]
Frauds & Scandals
SEC Announces Suspension of Corix Bioscience
April 13, 2018/US SEC The Securities and Exchange Commission (“Commission”) announced the temporary suspension, pursuant to Section 12(k) of the Securities Exchange Act of 1934 (the “Exchange Act”), of trading in the securities of Corix Bioscience, Inc. (“CXBS “), of Surprise, Arizona, at 9:30 a.m. EDT on April 13, 2018, […]
SEC Charges CEO in Penny Stock Fraud Scheme
April 13, 2018/US SEC The Securities and Exchange Commission charged the CEO of a Chicago-area penny stock company with making false and misleading statements in the company’s SEC filings and press releases and with manipulating the company’s stock. The SEC’s complaint against Andrew J. Kandalepas, the CEO of Wellness Center […]
