Press Release/EFCC The Economic and Financial Crimes Commission (EFCC) has arrested two bankers for allegedly stealing the sum of N661, 000,000 (Six Hundred and Sixty One Million Naira) from their employers. The duo, Samuel Obende,  a Branch Manager and Rabiu Alhasan Dawaki,  Head of Operation both of Bello Road Cash […]

Ex-Jefferies & Co. Managing Director Jesse Litvak, deemed an “elite” fraudster by prosecutors for being the only person convicted of fraud over a $20 billion government bailout program, was sentenced to two years in prison for lying to customers about mortgage-backed securities. Defense lawyers successfully argued their client deserved less […]

An insider-trading probe involving the U.S. House Ways and Means Committee and a top staff member also includes dozens of hedge funds, investment advisers and other firms, the U.S. Securities and Exchange Commission said in a court filing. In arguing against the House’s motion to dismiss the case or send […]