Whistleblower Protection and COVID-19

The pivotal role of accountability and transparency in building and maintaining public trust in organizations is indisputable. How the Chinese government and World Health Organization (WHO) undermined public health at the initial and peak stage of COVID-19 pandemic, and consequential global spread of the deadly virus, buttress this assertion. Good corporate governance therefore lends credence, … Continue reading Whistleblower Protection and COVID-19

Bernie Madoff

Disgraced Ponzi scheme mastermind Bernie Madoff dies in prison

Bernard Madoff, who for decades masqueraded as a successful and trustworthy Wall Street kingpin before admitting to running the largest known Ponzi scheme in history, died on Wednesday in prison where he was serving a 150-year sentence. He was 82. A spokeswoman for the Federal Bureau of Prisons said Madoff died at the Federal Medical … Continue reading Disgraced Ponzi scheme mastermind Bernie Madoff dies in prison

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US contractor charged with COVID-Relief fraud

The owner of a residential construction contracting firm based in Washington, D.C., was charged with allegedly submitting fraudulent documents to a bank in connection with applications seeking more than $400,000 in a forgivable Paycheck Protection Program (PPP) loans guaranteed by the Small Business Administration (SBA) under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. … Continue reading US contractor charged with COVID-Relief fraud

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2 whistleblowers to receive $3,006,000 for exposing False Claims Act violations

Longwood Management Corporation and 27 affiliated skilled nursing facilities (Longwood) have agreed to resolve allegations that they violated the False Claims Act by submitting false claims to Medicare for rehabilitation therapy services that were not reasonable or necessary, the Department of Justice announced today. Longwood is headquartered in California and the 27 skilled nursing facilities … Continue reading 2 whistleblowers to receive $3,006,000 for exposing False Claims Act violations

OMG! Venezuela’s Nicolás Maduro lost nearly $2bn worth of gold

A British judge on Thursday refused to give Venezuela's Nicolás Maduro control of nearly $2 billion in gold sitting in a Bank of England vault because Britain does not recognize the socialist leader as president of the Latin American nation. Maduro has demanded the gold to help his cash-starved nation fight the coronavirus pandemic. But … Continue reading OMG! Venezuela’s Nicolás Maduro lost nearly $2bn worth of gold

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Aluminum company to pay over $46m for defrauding customers, including the US

An Oregon aluminum extrusion manufacturer has agreed to pay $46 million to NASA, the Department of Defense, and others to resolve criminal charges and civil claims relating to a 19-year fraud scheme that included falsifying thousands of certifications for aluminum extrusions provided to hundreds of customers. Assistant Attorney General Brian A. Benczkowski of the Justice … Continue reading Aluminum company to pay over $46m for defrauding customers, including the US

EasyJet: Hackers accessed over 9 million customers’ details

Britain's data watchdog is investigating after the breach which saw 2,200 customers' credit card details accessed by hackers. Easyjet has revealed that the personal details of nine million customers have been accessed by "highly sophisticated" hackers. The discount airline - currently mired by the grounding of flights because of the coronavirus crisis and a leadership tussle led … Continue reading EasyJet: Hackers accessed over 9 million customers’ details

No COVID-19 palliative package for Nigerians as FG claims

Nigerians living in Abuja, the country’s capital, who are intended beneficiaries of the COVID-19 palliatives, have denied receiving any amount of money or relief materials from government. Minister of Humanitarian Affairs and Disaster Management, Sadiya Umar Farouq, had said 2.6 million vulnerable persons benefited from the Federal Government’s cash transfer intervention programme. She said 11 … Continue reading No COVID-19 palliative package for Nigerians as FG claims

How to stay safe online

Expect a significant spike in ransomware attacks and phishing scams during the coronavirus lockdown period, predicts Terence Govender, director of the IT advisory division of international advisory firm Mazars. He believes cyber criminals will take advantage of the fact that people and businesses will be working remotely during the lockdown period, as this creates a … Continue reading How to stay safe online

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EFFC arrests Ighalo on fraud charges

The Economic and Financial Crimes Commission has arraigned one Patrick Ighalo before Justice J. K. Omotosho of the Federal High Court sitting in Port Harcourt, Rivers State, over a N1.75m scam. Ighalo was arraigned on a four-count charge bordering on obtaining money under false pretence. One of the counts reads, "That you Patrick Ighalo and … Continue reading EFFC arrests Ighalo on fraud charges