Search Results for: Fraud
Authorities Allege $1 Billion Fraud at Platinum Partners
December 20th, 2016
In June 2014, the founder of hedge fund Platinum Partners sent a panicked email to his partner. “It can’t go on like this,” wrote Mark Nordlicht, fretting about mounting requests from investors for their money back. “This is code ...
One of Deutsche Bank’s top wealth chiefs is among 13 bankers facing allegations of fraud
December 16th, 2016
One of Deutsche Bank’s top wealth chiefs in London is among 13 bankers facing allegations of fraud and false accounting tied to complex finance transactions with struggling Italian lender Monte dei Paschi. Matteo Vaghi, a London-based managing director at ...
SFC regulator announced AML and fraud controls priorities
December 8th, 2016
The Securities and Futures Commission (SFC) today relaunched its Enforcement Reporter as a biannual publication which aims to provide the market with updates on the SFC’s key enforcement priorities (Note 1). The new issue published today focuses on corporate ...
Latest on FIFA fraud case: Swiss prosecutors add former FIFA Secretary General to corruption probe
December 1st, 2016
Former FIFA executive Linsi added to corruption probe Swiss prosecutors have added former FIFA Secretary General, Urs Linsi, to their criminal investigation into alleged corruption surrounding the 2006 World Cup in Germany. Investigators searched the Swiss citizen’s home on ...
Fraud involving VAT on goods costs EU tax payers an estimated €50 billion a year
November 25th, 2016
VAT reform: how MEPs intend to tackle the €50 billion a year fraud Fraud involving VAT on goods exported to other member states costs EU tax payers an estimated €50 billion a year. The European Commission has come up ...
FCA charges sixth defendant in alleged investment fraud
November 24th, 2016
The Financial Conduct Authority (FCA) UK has issued an announcement to inform that following an investigation of the Authority, Charanjit Sandhu (DOB: 03/12/1989) of Grays, Essex, appeared today before the City of London Magistrates Court charged with conspiracy to ...
Donald Trump settles fraud lawsuits for $25m
November 21st, 2016
Donald Trump settles fraud lawsuits relating to Trump University for $25m President-elect’s lawyers settled three lawsuits, averting a courtroom showdown which threatened to reveal troubling details about the real estate course Donald Trump has settled fraud lawsuits relating to ...
ISA Israel: iTrader financial firm’s managers and some employees defrauded traders
November 14th, 2016
Senior iTrader executives were arrested on suspicion of aggravated fraud, securities violations, and other crimes. Managers at the iTrader trading firm and some of its employees were part of a well-oiled and organized machine for defrauding and abusing clients ...
Attorneys went to court to ask that a civil fraud suit against Trump be delayed
November 12th, 2016
Attorneys for President-elect Donald Trump went to court Thursday to ask that a civil fraud suit against Trump scheduled to begin in less than three weeks be delayed, a reminder of the unusual complications facing Trump as he shifts ...
Tesco Bank refunded all customer accounts affected by cyber fraud; resume service
November 9th, 2016
Following the cyber theft and temporary suspension of online transactions from current accounts that affected around 9.000 customers, Tesco Bank has issued an update to inform that full service has resumed for its customers. According the statement of Benny ...
