George Soros gave Ivanka's husband's business a $250 million credit line in 2015 per WSJ. Soros is also an investor in Jared's business.

Wednesday, July 28, 2010

Nigerian financial crisis involves lawyers, accountants, stockbrokers

"For months, Nigeria's financial regulators have gathered evidence against hundreds of individuals.
  • The offences include price fixing, share price manipulation, and fraud.

Those involved are not named, but they range from stockbrokerages to accountants, lawyers and individuals working in the capital markets....

  • Nigeria's banking crisis last year exposed widespread abuses in the capital markets.

As Nigeria's banks came close to collapse, it became clear that lax regulation and inadequate surveillance of stockbrokers was a major problem.

  • The appointment of a tough new financial regulator earlier this year dramatically changed the climate in the financial world.

A team from the US Securities and Exchange Commission visited Nigeria earlier this year, and compiled a confidential report.

  • The BBC has seen it and it is sharply critical, attacking "a startling lack of oversight", and detailing cases of
  • bribery and insider trading in the stock exchange.

It also says between 65% and 70% of Nigeria's stockbrokers are technically insolvent."

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I'm the daughter of a World War II Air Force pilot and outdoorsman who settled in New Jersey.