Fraud & Scandals

SEC Charges 18 Traders in $31 Million Stock Manipulation Scheme

October 21, 2019/US SEC The Securities and Exchange Commission has filed an emergency action and obtained an asset freeze against eighteen traders in a scheme to manipulate more than 3,000 U.S.-listed securities for over $31 million in illicit profits. The SEC alleges that the traders, who are primarily based in […]

Bank CEOs Counter MTN’s Claim on USSD Charges

October 21, 2019 From Body of Bank CEOs  SMS (SHORT MESSAGE SERVICE) FROM MTN NIGERIA TO BANK CUSTOMERS IN NIGERIA ON USE OF USSD CODE Our attention has been drawn to SMS sent on Saturday 19th October by MTN Nigeria Communications PLC (“MTN”) to customers of banks in Nigeria in […]