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 […]
Frauds & Scandals
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 […]
UBS reaches $230M settlement with New York over mortgage securities
March 21, 2018/Reuters UBS AG has reached a $230 million settlement to resolve charges brought by New York state that it misled and hurt investors by selling risky mortgage securities that contributed to the 2008 global financial crisis. New York Attorney General Eric Schneiderman on Wednesday said the Swiss bank […]
