Charge
Maybe it WAS illegal: Mango Markets exploiter arrested on fraud charges
The crypto trader behind the $110 million exploit of decentralized exchange Mango Markets has been arrested in Puerto Rico — and charged with market manipulation and fraud. According to a previously sealed complaint filed with the Southern District of New York and made public on Dec. 27, the Federal Bureau of Investigation (FBI) pinned Avraham Eisenberg with one count commodities fraud and one count of commodities manipulation in relation to his exploit of Mango Markets. Eisenberg’s Oct. 11 exploit of Mango Markets worked by manipulating the value of the platform’s native token, MNGO, artificially inflating its price relative to USD Coin (USDC). Eisenberg and his team then took out “massive loans” against its inflated collateral, which drained Mango’s treasury of around $110 million worth ...
SEC charges 11 individuals over $300M crypto ‘pyramid scheme’
The Securities and Exchange Commission (SEC) has charged 11 individuals for their alleged role in the creation of a “fraudulent crypto pyramid scheme” platform Forsage. The charges were laid in a United States District Court in Illinois on August 1, with the SEC alleging that the founders and promoters of the platform used the “fraudulent crypto pyramid and Ponzi scheme” to raise more than $300 million from “millions of retail investors worldwide.” The SEC complaint states that Forsage was modeled such that investors would be financially rewarded by recruiting new investors to the platform in a “typical Ponzi structure,” which spanned multiple countries including the United States and Russia. According to the SEC, a Ponzi scheme is an investment fraud th...
White House does not rule out Haiti request for U.S. troops
The United States is still reviewing a request for troops made by Haiti’s interim Prime Minister Claude Joseph to help secure key infrastructure after the assassination of President Jovenel Moise, White House spokesperson Jen Psaki said on Monday. Psaki said Haiti’s political leadership remains unclear and that it was vital for the country’s leaders to come together to chart a united path forward. Moise was shot dead early on Wednesday at his Port-au-Prince home by what Haitian authorities describe as a unit of assassins formed of 26 Colombians and two Haitian Americans. Haitian police said on Sunday they had arrested another key suspect. The death of the president has plunged the troubled country into deeper turmoil, and U.S. officials traveled there on Sunday to assess the situation and ...
Bayelsa government resolves crisis at Niger Delta University
The mediatory meeting covered Wednesday at the instance of the Bayelsa State Government between the Governing Council of the Niger Delta University, NDU, students’ representatives and other stakeholders has restored normalcy to the state-owned university. Students of the university had been protesting against the closure of the institution’s portal for payment of school fees and alleged enforcement of compulsory wearing of school uniform by the university authorities. But rising from the last round of meetings directed by Governor Douye Diri which were presided over by his deputy, Senator Lawrence Ewhrudjakpo, at the Government House, Yenagoa, it was agreed that the portal for the payment of school fees be reopened. A statement issued by the Senior Special Assistant on Media, Mr Doubara At...
Haiti asks US, UN to send troops after president’s assassination
Haiti has asked Washington and the UN for troops to secure its ports, airport and other strategic sites after the assassination of President Jovenel Moise opened a power vacuum in the crisis-hit Caribbean nation, an official said Friday. The United States has already said it will send FBI and other agents to Port-au-Prince, two days after Moise was shot dead in his home. In the wake of the slaying “we thought that mercenaries could destroy some infrastructure to create chaos … During a conversation with the US secretary of state and the UN we made this request,” elections minister Mathias Pierre told AFP. The US State Department and Pentagon both confirmed receiving a request for “security and investigative assistance” and said officials remain in contact with Port-au-Prince, but did not s...
Seven Indians, Nigerians docked for ‘cocaine importation’
The National Drug Law Enforcement Agency on Friday arraigned seven Indians and three Nigerians before the Lagos Division of the Federal High Court for allegedly smuggling 43.1 kilogrammes of cocaine into the country. The Indians include Shedrack Yurama; Singh Vikash; Kunnaserypallam Ashraf Inzam; Xaiver Fernando Santhanaria; Mandal Surjeet Ashok; Tandel Pratikkumar Pravinbai; and Barthwal Rohan Sunil. Their Nigerian alleged accomplices are Tobi Ojo; Kunle Animashaun and Omozusi Enorose Terry. Also arraigned before the court alongside the defendants was a limited liability company, Oilways Logistics and Energy Limited. The defendants were arraigned on a two-count charge of conspiracy and unlawful importation of cocaine. The defendants, according to the charge marked FHC/L/100c/2021, were ar...
Haiti police say they have president’s suspected killers, still hunting masterminds
Haiti’s police has killed or apprehended the suspected killers of President Jovenel Moise, officials said on Thursday, and are hunting for the masterminds behind the assassination that stunned the impoverished Caribbean nation. Moise, 53, was shot dead early on Wednesday at his home by what officials said was a commando of apparently foreign, trained killers, pitching the poorest country in the Americas deeper into turmoil amidst political divisions, hunger, and widespread gang violence. Police Chief Leon Charles said in a televised briefing on Thursday that authorities had tracked down the suspected assassins to a house near the scene of the crime in Petionville, a northern suburb of the capital Port-au-Prince. A fierce firefight lasted late into the night and six suspects were taken in c...
Crystal Palace confirm Patrick Vieira as new manager on three-year deal
Crystal Palace have confirmed Patrick Vieira as the club’s new manager on a three-year deal that will take the Frenchman through 2024 at Selhurst Park. The Arsenal legend, who was previously coach of Nice until his dismissal in December last year, will succeed Roy Hodgson in the hotseat in south London. The 45-year-old, who began his coaching career with New York City FC in Major League Soccer, takes charge for the first time in the Premier League, having made his name as one of the game’s greatest midfielders during an electrifying decade-long spell with the Gunners. Though forever linked with Les Bleus’ 1998 World Cup triumph on home soil back home, Vieira remains forever associated in the British sporting consciousness as the anchor of Arsneal’s superb period of success under Arsene Wen...
Deputy governor unveils new coach for Edo Queens
The Deputy Governor of Edo State, Philip Shaibu, has announced Wemimo Matthew as the new head coach for Edo Queens Football Club with a charge to return the team to its glory days. Shaibu who supervised the unveiling ceremony at the New Festival Hall, Government House, on Friday, charged the new coach to use her wealth of experience to transform the team. He said, “What we’ve done with Edo Queens is to make it a model for the girl child to look up to. So, we decided to unveil a new head coach because of our poor performance in the just concluded Super Six tournament. “Coach Wemimo Matthew is well-educated, highly disciplined and she has the knack for unearthing and grooming young talents. We have already felt her impact since she joined the team. “She will help us develop young talent and ...
Euro 2020: UEFA name German referee for England vs Ukraine
German referee Felix Brych will take charge of England vs Ukraine – just days after the Three Lions dumped his nation out of Euro 2020. Raheem Sterling and Harry Kane grabbed the goals as Gareth Southgate’s side defeated Germany 2-0 at Wembley on Tuesday. That was enough to fire England into the quarters where they are now preparing to take on Ukraine in Rome. And the man in the middle will be someone who would have wanted England to lose two days ago. Brych is Germany’s representative at Euro 2020 and one of the best-known referees in the world. He took charge of Portugal’s last 16 exit to Belgium, a match in which he dished out five yellow cards. He’s already refereed Ukraine at this tournament, overseeing their thrilling 3-2 defeat to Holland. That match saw Ukraine boss Andriy Shevchen...
Courts fixes date for ruling in Sheikh El-Zakzaky’s no-case-submission
A Kaduna High Court on Thursday, fixed July 28 for ruling in the No-case-submission filed by the leader of the proscribed Islamic Movement in Nigeria (IMN), Ibrahim Zakzaky and his wife Zeenat. Justice Gideon Kurada fixed the date after the prosecution and counsel to the defendants, addressed the court on the no case submission prayer. Mr Femi Falana, SAN, and lead counsel to El-Zakzaky, who spoke to reporters shortly after the adjournment, prayed the Court to rule in favor of his clients. “The prosecution and the defence addressed the court on the the no-case-submission prayer. ” We did indicate last time that even though the prosecution called 15 witnesses, we felt that no case has been established to warrant our clients being in court. ” In other words, we addressed the court that there...
Anthony Baffoe leaves role as Caf deputy general secretary
Anthony Baffoe has left his post as Confederation of African Football (CAF) Deputy General Secretary after almost four years at the helm. The former Ghana international, who was appointed in 2017, has been in charge of Football and Development at CAF. Baffoe said: “This was a decision I took three months ago due to personal reasons. The journey which started in November 2017 sadly ends, giving way to the start of a fresh journey. “I count myself lucky to have served CAF and being at the forefront of the administration of the game on the continent. Praise be to Almighty Allah. I am grateful to the CAF Executive Committee led by Patrice Motsepe for the opportunity, not forgetting former CAF President Ahmad Ahmad for seeing the potential in me at first hand.” He added: “I leave with my head h...
