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 […]

Former Equifax Executive Charged With Insider Trading

March 14, 2018/US SEC The Securities and Exchange Commission today charged a former chief information officer of a U.S. business unit of Equifax with insider trading in advance of the company’s September 2017 announcement about a massive data breach that exposed the social security numbers and other personal information of […]