Frauds & Scandals

SEC targets fake stock news on financial websites

10/4/2017/Reuters By Jonathan Stempel The U.S. Securities and Exchange Commission on Monday announced a crackdown on alleged stock promotion schemes in which writers were secretly paid to post hundreds of bullish articles about public companies on financial websites. Twenty-seven individuals and entities, including a Hollywood actress, were charged with misleading […]

Etisalat Nigeria yet to agree debt deal with lenders: source

10/4/2017/Reuters By Stanley Carvalho and Chijioke Ohuocha DUBAI/LAGOS (Reuters) – The Nigerian arm of Abu Dhabi telecom group Etisalat is yet to agree a deal on restructuring a $1.2 billion loan with local banks after it missed a payment, a company source told Reuters. Etisalat Nigeria told Reuters last month […]

Eni denies any wrongdoing in Nigeria – spokesman

April 10, 2017/Reuters A spokesman for Italian oil major Eni reiterated on Monday that the group and its personnel had not been involved in any wrongdoing in Nigeria. The comments followed a media report about alleged illicit payments in a case revolving around the purchase of a Nigerian oilfield by […]