Tag: Fraud

15 TelexFree individuals accused of money laundering
Big Business

15 TelexFree individuals accused of money laundering

Following investigations into TelexFree which in Brazil, fresh five money laundering charges have been filed against fifteen individuals connected to the company. The new charges allege laundering of funds after the Brazilian state of Acre suspended TelexFree’s business operations nation-wide back in 2013. Last month authorities in Espírito Santo indicted twenty-one TelexFree connected […]

SEC calms defrauded investors on the NSE
Big Business

SEC calms defrauded investors on the NSE

The SEC has reacted to several complaints published on national newspapers about various investors who were defrauded by a licensed member of the Nigerian Stock Exchange (NSE). In the official statement released by the SEC, the commission defended its stance on such matter as below: In response to these publications, […]