Frauds & Scandals

Christine Lagarde, I.M.F. Chief, Is Found Guilty of Negligence

Photo Credit: BBC.com Culled—-Proshare December 19, 2016/New York Times Christine Lagarde, the managing director of the International Monetary Fund, was found guilty on Monday of criminal charges linked to the misuse of public funds during her time as France’s finance minister, a verdict that could force her out of her […]

Statement on Legal Proceedings in France Relating to the Managing Director

December 19, 2016/IMF Mr. Gerry Rice, Director of Communications at the International Monetary Fund (IMF), made the following statement today relating to Managing Director’s legal proceedings in France:  The Executive Board has met on previous occasions to consider developments related to the legal proceedings in France. It is expected that […]

SEC to colaborate with EFCC on Market infraction

December 19, 2016/SEC The Securities and Exchange Commission (SEC) is working on MoU with the Economic and Financial Crimes Commission (EFCC) to provide an efficient and effective  policing of the capital market. This was disclosed by the Director General of SEC Mounir Gwarzo when the Management of the Commission paid […]