Frauds & Scandals

AbokiFX Suspends Currency Rate Updates; Aftermath of CBN Crackdown

Credit: The Will AbokiFX, the website that quotes daily foreign exchange rates against the naira, has announced the interim suspension of the updates on its platform following serious allegations of currency manipulation, speculation and illegal dealings in forex leveled against it by the Central Bank of Nigeria, CBN. Godwin Emefiele, […]

SEC Awards $11.5 Million to Two Whistleblowers

September 17, 2021/US SEC The Securities and Exchange Commission today announced awards of approximately $11.5 million to two whistleblowers whose information and assistance contributed to the success of an SEC enforcement action. The first whistleblower received an award of nearly $7 million, while the second whistleblower received more than $4.5 […]