December 15, 2016/Reuters South Africa’s central bank has imposed fines on the local branch of France’s Société Générale and Barclays Africa’s retail banking unit Absa over weaknesses in their measures to combat money laundering and the financing of terrorism, it said on Thursday. It however said the two banks, fined […]
Frauds & Scandals
IMF’s Lagarde on trial over French payout to tycoon
December 12, 2016/Reuters International Monetary Fund chief Christine Lagarde went on trial in Paris on Monday over her role in a 400 million euro ($424 million) payout of French taxpayer money to businessman Bernard Tapie in 2008. Lagarde, 60, was France’s finance minister in the government of then-president Nicolas Sarkozy […]
MMM Will Soon Burst, There’s No Free Money Anywhere – Senate Warns Nigerians
10/12/2016/The Will The Nigerian Senate has stated that the ponzi investment scheme, MMM, is a pyramid that would soon burst, warning Nigerians to be wary of the Russian originated investment model which involves directing clients to make money available for an anonymous person with a promise of 30 per cent […]
