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SEC Charges Businessman with Stealing Millions from a Pension Plan

April 18, 2018/US SEC The Securities and Exchange Commission charged a Memphis, Tennessee-area businessman with stealing approximately $5.7 million from a Pennsylvania company’s pension plan. According to the SEC’s complaint… Read more »

N3.2bn Fraud: NDIC Deputy Director Testifies in Ex-Gov. Kalu’s Trial

17/4/2018/Sahara Reporters The Economic and Financial Crimes Commission, EFCC, on Tuesday put Deputy Director, Nigeria Deposit Insurance Corporation, NDIC, Mr. Chidi Chukwuka, in the dock to tender documents indicating how… Read more »

Online Racket By Swiss Golden Swindles Over 7,000 Nigerians of N3Bn

Culled—Proshare April 18, 2018 By Yusha’u A. Ibrahim of Daily Trust The Economic and Financial Crimes Commission (EFCC) has recovered N216, 402,565.05 from Swiss Golden Investment, an online ‘investment’ that… Read more »

Edo State Ranks Highest in Drug Seizure in 2017

April 17, 2018 By InvestAdvocate Lagos (INVESTADVOCATE)-Edo State has ranked highest in drug seizure in 2017, recording 45,338 kilogram (KG) of drug seized, while Zamfara State recorded the least with 87.21kg… Read more »

SEC Charges Virginia Investment Adviser with Fraud

April 16, 2018/US SEC The Securities and Exchange Commission has charged an investment adviser with orchestrating an investment scheme over several years. The SEC’s complaint alleges that, from at least… Read more »

SEC Obtains Final Judgment Against Investor Relations Writer Charged with Fraudulent Stock Promotion Scheme

April 16, 2018/US SEC On April 10, 2018, the U.S. District Court for the Western District of Washington entered a final judgment against Vincent Cassano for his role in a… Read more »

Globacom, Chief Marketing Officer Hit With $6.7m Fraud Charge

April 16, 2018/Sahara Reporters The Economic and Financial Crimes Commission has arraigned leading Nigeria telecommunication firm, Globacom Nigeria Limited and its Indian Chief Marketing Officer, Ashok Israni, before Justice A.O…. Read more »

SEC Announces Suspension of Corix Bioscience

April 13, 2018/US SEC The Securities and Exchange Commission (“Commission”) announced the temporary suspension, pursuant to Section 12(k) of the Securities Exchange Act of 1934 (the “Exchange Act”), of trading… Read more »

SEC Charges CEO in Penny Stock Fraud Scheme

April 13, 2018/US SEC The Securities and Exchange Commission charged the CEO of a Chicago-area penny stock company with making false and misleading statements in the company’s SEC filings and… Read more »

Victims of Bernard Madoff’s Ponzi Scheme to Receive Millions More

12/4/2018/The New York Times By KATIE BENNER Victims of Bernard L. Madoff, the architect of one of Wall Street’s largest frauds, will receive another $504 million, proceeds from assets that… Read more »

 

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