Search Results for: Fraud
Chilean Police Probe Forex Firm Amid Allegations of Fraud
March 9th, 2016
Lawsuit against Santiago-based IM Forex was filed on Monday Lawsuit follows separate probe of AC Inversions last week Chilean police are probing a second firm that was offering high returns through leveraged bets in the foreign exchange market, one ...
SEC Charges Rhode Island Agency and Wells Fargo With Fraud in 38 Studios Bond Offering
March 8th, 2016
The Securities and Exchange Commission today charged a Rhode Island agency and its bond underwriter Wells Fargo Securities with defrauding investors in a municipal bond offering to finance startup video game company 38 Studios. The Rhode Island Economic Development ...
EU Auditors Call For Renewed Efforts On VAT Fraud
March 7th, 2016
The current European Union system for fighting cross-border value-added tax fraud is not effective enough, according to a new report by the European Court of Auditors. The auditors said that while the EU has a range of tools at ...
France launches probe into UBS subsidiary over fraud case
March 3rd, 2016
France on Wednesday launched an official investigation into the French subsidiary of Swiss banking giant USB for alleged witness intimidation, a source close to the case told AFP. UBS France is suspected of trying to silence a whistle-blower who ...
UBS investigated for tax fraud and money laundering in Belgium
February 29th, 2016
Swiss bank giant UBS is being investigated over money laundering and serious organised tax fraud in Belgium. A statement from prosecutors said: “The Swiss bank is suspected of having directly, and not via its Belgian subsidiary, approached Belgian clients ...
Suspended jail sentence for London solicitor over VAT fraud
February 18th, 2016
A London solicitor has been given a suspended jail sentence for a £96,000 VAT fraud which was uncovered by an HMRC taskforce set up to identify those attempting to avoid paying tax on property investment income Caroline Joseph, from ...
£2.9 million to be returned to investors who had invested in a fraudulent collective scheme
February 15th, 2016
Southwark Crown Court today ordered almost £2.65 million to be returned to investors who had invested in a fraudulent collective scheme established and operated by Alex Hope. In addition, Mr Hope was made the subject of a Proceeds of ...
French ex-minister in court over tax fraud, money laundering
February 9th, 2016
Jerome Cahuzac was the face of France’s fight against tax evaders — until he was forced to acknowledge that he himself was dodging taxes, hiding money in tax havens around the world. President Francois Hollande’s onetime budget minister is ...
Federal Court fined individual for Forex Fraud
February 5th, 2016
The U.S. Commodity Futures Trading Commission (CFTC) has issued an announcement to inform that Federal Court in Florida Orders Restitution, a Civil Monetary Penalty, and Permanent Injunction against Robert Tripode for Engaging in Fraud in Connection with Forex. The ...
SEC Charges Lending Company and Brokerage Firm With Fraud
February 4th, 2016
The Securities and Exchange Commission announced fraud charges against a Manhattan-based lending company and its owner accused of repeatedly lying to investors purchasing high-yield securities. The SEC also charged the brokerage firm that acted as the placement agent and two ...
