Frauds & Scandals

Embezzled $3Billion Could Have Built, 7 Major Roads Across Nigeria, 2nd Nigeria Bridge-Osinbajo

*Buhari administration now undertaking these projects March 20, 2018  “Today, with less revenue but no leakage, we have increased funding capital in Power, Works and Housing, Defence, Transportation and Agriculture by as much as 400%.    “We are two quarters out of the recession and firmly on the path of recovery. […]

SEC Charges Theranos Inc, CEO, Former President on $700 Million Fraud

March 19, 2018/US SEC On March 14, 2018, the Securities and Exchange Commission 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 […]

SEC Obtains Summary Judgment in Grand Central Post-It Notes Insider Trading Case

March 19, 2018/US SEC Litigation Release No. 24070 / March 19, 2018 Securities and Exchange Commission v. Steven Metro, Civil Action No. 3:14-cv-05844-MAS-TJB The Securities and Exchange Commission announced that on March 13, 2018, the United States District Court for the District of New Jersey granted the SEC’s motion for […]