March 16, 2018/US SEC Litigation Release No. 24067 / March 16, 2018 Securities and Exchange Commission v. Beaufort Securities Ltd. and Panayiotis Kyriacou a/k/a Peter Kyriacou, No. 18-cv-01317 (Eastern District of New York, Complaint filed March 2, 2018) Securities and Exchange Commission v. Dennis J. Mancino, William T. Hirschy, DJK […]
Frauds & Scandals
Olam’s Response to Inaccurate Reports in the Media over Edible Oils Imports
Culled—Proshare 14/3/2018/Olam • No application made for Stearin, Crude Palm Olein and Palm Fatty Acid distillate [PFAD] • Import request for 25,000 MT of Crude Palm Oil only, less than 1% of total estimated edible oil consumption and 2.5% of edible oils deficit. Olam’s journey started in Nigeria in 1989 and today […]
Theranos, CEO Holmes, and Former President Balwani Charged With Massive Fraud
March 14, 2018/US SEC The Securities and Exchange Commission today charged Silicon Valley-based private company Theranos Inc., its founder and CEO Elizabeth Holmes, and its former President Ramesh “Sunny” Balwani with raising more than $700 million from investors through an elaborate, years-long fraud in which they exaggerated or made false […]
