By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)- The board of the International Organisation of Securities Commissions (IOSCO) on Wednesday said it has agreed to continue to work on a new enhanced Multilateral Memorandum of Understanding (MMoU) to help combat cross-border fraud and misconduct. Greg Medcraft, board chairman of IOSCO said this […]
Frauds & Scandals
JPMorgan to face U.S. class action in $10 billion MBS case
A federal judge on Tuesday said JPMorgan Chase & Co must face a class action lawsuit by investors who claimed the largest U.S. bank misled them about the safety of $10 billion of mortgage-backed securities it sold before the financial crisis. U.S. District Judge Paul Oetken in Manhattan certified a […]
Polymer scandal: FG may extradite ex-Mint boss to UK
The United Kingdom has requested the extradition of a former Managing Director of the Nigerian Security Printing and Minting Company, Mr. Emmanuel Okomoyon, to face prosecution in relation to an alleged scam involving printing of polymer notes. A source at the Economic and Financial Crimes Commission confided in one of […]
