Ethiopia’s Largest Bank Recovers Over Ksh1.3 billion Lost in Technical Glitch
Commercial Bank of Ethiopia (CBE) has announced the successful recovery of more than $10 million (Ksh 1,324,280,000) lost due to ...
Tag: Financial Fraud
Ex-KCB Manager Jailed For 12 Years Over Loss Of Sh22.7M
A former Kenya Commercial Bank (KCB) operations manager has been sentenced to 12 years in prison or pay a fine ...
Diasporan Kenyan among Six Indicted in International Scheme to Defraud Qatari School Founder and then Launder over $1 Million in Illicit Proceeds
A federal grand jury indictment unsealed this week alleges an elaborate scheme to steal more than $1.1 million from a ...
Diaspora Kenyan Edward Martin Karuku aka ‘Paul McDaniel’ pleads guilty and gets 10yrs jailtime for embezzling $36 million from Los Angeles Company
Paul McDaniel, 44, a.k.a. “Edward Martin Karuku,”, a former accounting manager for a Los Angeles firm, who resided in Orange ...