Search Results for: Department of Justice
Greek finance minister’s letter to the Eurogroup
February 24th, 2015
Following is the text of Greek Finance Minister Yanis Varoufakis‘s letter to Eurogroup President Jeroen Dijsselbloem outlining Greece’s proposed reforms. “Dear President of the Eurogroup, In the Eurogroup of 20 February 2015 the Greek government was invited to present ...
Big Banks Face Scrutiny Over Pricing of Metals
February 24th, 2015
U.S. Justice Department investigates price-setting process for gold, silver, platinum and palladium U.S. officials are investigating at least 10 major banks for possible rigging of precious-metals markets, even though European regulators dropped a similar probe after finding no evidence ...
UBS Faces a New Tax-Evasion Probe
February 5th, 2015
Authorities Investigate Whether Swiss Bank’s Clients Used ‘Bearer Securities’ to Hide Cash Federal prosecutors have launched a new probe into whether Swiss bank UBS AG helped Americans evade taxes through investments largely banned in the U.S., according to people familiar with ...
Bank Pays $400m Fine For Aiding US Tax Evasion
January 5th, 2015
A leading Israeli bank has agreed to pay the US government $400 million compensation for helping US customers evade tax. Bank Leumi confessed to advising 1,500 wealthy Americans how to evade taxes over several years. The bank ran secret ...
Osborne moves to cut spending to 1930s levels in dramatic autumn statement
December 4th, 2014
The chancellor, George Osborne, has set out dramatic plans to move Britain from the red into the black that will see public spending as a percentage of GDP fall to its lowest level since the 1930s and could require ...
The $9 Billion Witness: Meet JPMorgan Chase’s Worst Nightmare
November 10th, 2014
She tried to stay quiet, she really did. But after eight years of keeping a heavy secret, the day came when Alayne Fleischmann couldn’t take it anymore. “It was like watching an old lady get mugged on the street,” she ...
Putin Ally Denies Knowledge of U.S. Money Laundering Investigation
November 7th, 2014
A commodities firm under investigation by federal prosectors on suspicion of money laundering and improper oil trading said on Thursday that it had no knowledge of the inquiry and called allegations of wrongdoing “baseless and false.” The investigation, first reported by The ...
Russian Billionaire Tied to Putin Is Focus of Inquiry
November 6th, 2014
A billionaire Russian businessman known to have ties to President Vladimir V. Putin of Russia and a company the businessman controlled have been the focus of a federal investigation into money laundering and oil trading, according to documents and ...
U.S. Sues Southwest to Recover Civil Penalty Tied to Aircraft Maintenance
November 5th, 2014
Typically Airlines, FAA Negotiate to Reduce Penalties, But Sides Couldn’t Agree in This Case The Justice Department sued Southwest Airlines Co. in an effort to recover a $12 million civil penalty proposed by aviation regulators in July related to allegations of ...
Former UBS executive found not guilty in U.S. tax cheating trial
November 4th, 2014
A former top banker who headed global wealth management at UBS AG (UBSN.VX) (UBS.N) was found not guilty on Monday on U.S. charges of conspiring with wealthy Americans to hide $20 billion in secret offshore accounts. Raoul Weil, the ...
