Search Results for: Fraud
FCA bans former Rabobank trader, Lee Stewart, following LIBOR fraud
July 30th, 2015
The Financial Conduct Authority (FCA) has banned Lee Stewart, a former trader at Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A. (Rabobank) from the UK financial services industry for lacking honesty and integrity following a criminal conviction for fraud in the US. In ...
Whistleblower Laws Fail to Curb Toshiba Accounting Fraud
July 23rd, 2015
One of the more intriguing questions stemming from the Toshiba Corp. accounting scandal is this: Where was the whistleblower? Top executives at the Japanese industrial conglomerate, which makes everything from refrigerators to nuclear reactors, padded pretax profit by at ...
Barclays close to settling with the Serious Fraud Office over ‘bribes to Qatar’ claims
July 22nd, 2015
Barclays is moving closer to striking a deal with Britain’s fraud squad to settle allegations it paid bribes to Qatar to secure a bailout during the financial crisis, writes Peter Campbell. The Serious Fraud Office wrote to the scandal-dogged ...
BCSC panel issues lifetime ban against blog writer for fraud
June 25th, 2015
A British Columbia Securities Commission (BCSC) panel has fined and permanently banned Noshad Dowlati from the province’s capital markets for fraud and trading and advising without registration. Dowlati operated a blog and a Twitter account that gave general investment advice about ...
IRS Responding To Return Fraud Concerns
June 4th, 2015
The US Internal Revenue Service has made improvements to its systems to detect and prevent identity theft-related tax return fraud, but must do a lot more to eliminate the problem, the Treasury watchdog has said. The Treasury Inspector General ...
SEC Announces Charges Against Compliance Director Accused of Defrauding Investors and Stealing Brokerage Firm Assets
May 29th, 2015
The Securities and Exchange Commission today announced fraud charges against a Long Island man accused of fleecing investors and stealing money from a brokerage firm where he worked as the director of compliance. The SEC’s Enforcement Division alleges that ...
SEC Charges Brokerage Firm Co-Owners With Defrauding Investors
May 21st, 2015
The Securities and Exchange Commission today announced fraud charges against the co-owners of a Manhattan-based brokerage firm. The SEC alleges that as Arjent LLC and its UK-based affiliate Arjent Limited were approaching insolvency, chairman and CEO Robert P. DePalo ...
Petrobras Investors Claim PwC Ignored Red Flags of Fraud
March 31st, 2015
Investors in Petroleo Brasileiro SA, the state-run oil company at the center of a kickback scandal in Brazil, expanded their lawsuit against the company by adding claims that auditor PricewaterhouseCoopers LLP turned a “blind eye” to the fraud and ...
SEC Announces Fraud Charges Against Investment Adviser Accused of Concealing Poor Performance of Fund Assets From Investors
March 31st, 2015
The Securities and Exchange Commission today announced fraud charges against an investment adviser and her New York-based firms accused of hiding the poor performance of loan assets in three collateralized loan obligation (CLO) funds they manage. The SEC’s Enforcement ...
Latest on Forex firm CWM FX fraud investigations
March 25th, 2015
City of London Police issued a press release urging anyone who has invested in CWM’s (Capital World Markets) managed funds offering 5% interest per month to get in contact. On March 3, police raided offices in the Heron Tower, hauling ...
