Search Results for: Fraud
U.S. SEC sets out settlement with AgFeed over accounting fraud
September 16th, 2014
AgFeed, a Tennessee animal feed company, will pay back $18 million in alleged illicit profits to settle civil accounting fraud charges, U.S. regulators said Monday. AgFeed Industries, which is currently in bankruptcy, was charged by the Securities and Exchange ...
AMF warns against fraudulent calls
September 8th, 2014
The Autorité des Marchés Financiers (AMF) issued an alert for the public regarding the activities of certain individuals claiming to belong to the Autorité des Marchés Financiers and contacting retail investors by telephone. Certain individuals introducing themselves using a ...
CFTC Charges California Resident Ralph Metters with Forex Fraud
September 1st, 2014
The U.S. Commodity Futures Trading Commission (CFTC) has announced that Judge Manuel L. Real of the U.S. District Court for the Central District of California entered on August 27, 2014 an emergency Order freezing and preserving assets under the ...
CFTC charges R2 Capital Group LLC with Fraud and Misappropriation
August 22nd, 2014
The U.S. Commodity Futures Trading Commission (CFTC) announced that on August 15, 2014, Chief Judge Marcia S. Krieger, of the U.S. District Court for the District of Colorado, issued a restraining Order freezing the assets of Defendants Ryan Tomazin ...
Serious Fraud Office probes banks’ loan schemes
August 18th, 2014
The Serious Fraud Office is looking into allegations of high street banks misusing government schemes designed to boost lending to small businesses, the Times reported on Sunday. The Times reported that the UK’s main anti-fraud agency is investigating banks’ ...
Ernst & Young Role in Gowex Fraud Questioned
August 14th, 2014
Investors and the Madrid exchange are asking just who was verifying its financial statements, after the Wi-Fi hotspot provider, Let’s Gowex SA collapsed last month. Auditor Jose Diaz, of M&A Auditores, has been named as a suspect and jailed ...
AMF warns against individuals involved in fraudulences
August 7th, 2014
The Autorité des Marchés Financiers (AMF) draws the attention of the public to the activities of certain individuals claiming to belong to the Autorité des Marchés Financiers and contacting retail investors by telephone. As in the previous case of ...
SEC Seeks $1.41 Billion from Wyly Brothers For Fraud
August 4th, 2014
The Securities and Exchange Commission is seeking damages totaling $1.41 billion from Texas tycoon Sam Wyly and the estate of his late brother Charles for their role in a plan to conceal trades in companies they controlled by using ...
British Fraud Office conducts Second Settlement in Inquiry Over Icelandic Bank
July 31st, 2014
Britain’s Serious Fraud Office said on Thursday that it had reached a second settlement in a series of civil claims brought by two brothers after a flawed investigation into the collapse of the Icelandic bank Kaupthing during the financial ...
Bank of America Hit With $1.3 Billion Penalty for Mortgage Fraud
July 31st, 2014
Bank of America was hit with almost $1.3 billion in civil penalties Wednesday for a housing meltdown scam run by a subsidiary that a jury found intentionally sold bad mortgages to Freddie Mac and Fannie Mae. Bank of America ...
