Frauds & Scandals

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 […]

$3Billion Stolen in NNPC/NPDC Contracts in Past Administration, Grand Corruption Nigeria’s Economy’s Biggest Problem-Osinbajo

March 19, 2018 **How $3billion was stolen in NNPC/NPDC Strategic Alliance contracts in past administration  **Adds: When oil sold for over $100 per barrel in 2014, only N99billion was spent on Power, Works and Housing  ** Total capital spend then was N153billion and more than N150billion embezzled REMARKS BY HIS […]