22/3/2018/US SEC The Securities and Exchange Commission today announced settled charges against the operators of a real estate investment business who engaged in a years-long scheme to bilk hundreds of investors – including many retail investors – out of millions of dollars. As a result of the settlement, Defendants will […]
Frauds & Scandals
False EDGAR Filer Sentenced to Two Years in Prison for Fitbit Manipulation Scheme
22/3/2018/US SEC On March 9, 2018, Judge Katherine B. Forrest of the U.S. District Court for the Southern District of New York sentenced Robert W. Murray, a defendant in a pending SEC litigation, to two years imprisonment in connection with a scheme to manipulate Fitbit securities through false filings on […]
Court Grants Injunction Restraining Lagos State From Enforcing New Consumption Tax Law
Culled—-Proshare March 22, 2018/www.completenewsng.com Justice Rilwan Aikawa of the Federal High Court sitting in Lagos has granted an order of injunction restraining the Lagos State Government from enforcing the new Hotel Occupancy and Restaurant Consumption Law 2017 in the state. In addition to the 5% Federal Value Added Tax, the […]
