Search Results for: Fraud
Accountant jailed for £95,000 VAT fraud
June 19th, 2014
An accountant from North Devon has been jailed for a £95,000 VAT fraud. Robert Leonard Carpenter pleaded guilty after he was caught when HMRC became suspicious of his VAT repayments and requested his invoices. He later admitted that much ...
Bernie Madoff’s Accountant Paul Konigsberg to Plead Guilty to Fraud Charges
June 18th, 2014
Convicted fraudster Bernard Madoff’s former accountant Paul Konigsberg is expected to plead guilty to charges in connection with the swindler’s $65bn Ponzi scheme, a US prosecutor has said. Konigsberg, a former senior tax partner at Konigsberg Wolf & Co, ...
BNP Paribas, U.K. Fraud Raids, Taiwan Rules: Compliance
June 17th, 2014
BNP Paribas SA (BNP) has given investors scant information about how much it expects to pay to settle a criminal probe of U.S. sanctions violations. The bank told shareholders at an annual meeting on May 14 that the settlement ...
PCAOB Cracks Down on Fraud
June 12th, 2014
A new PCAOB standard will require auditors to probe more deeply into related-party deals, unusual transactions and executive pay. Citing “decades of financial reporting frauds,” the Public Company Accounting Oversight Board yesterday issued new rules aimed at tightening auditor ...
Essex accountant admitted VAT fraud
June 10th, 2014
An Essex accountant who sent in fake VAT returns for five years to evade nearly £100,000 and to live a lifestyle beyond his means has been ordered to pay a £47,000 confiscation order. Martin Kennedy, of High Street, Walton-on-the-Naze, ...
SEC Charges Operator With Defrauding Bond Investors
June 3rd, 2014
The U.S. Securities and Exchange Commission (SEC) has charged a charter school operator in Chicago with defrauding investors in a $37.5 million bond offering for school construction by making materially misleading statements about transactions that presented a conflict of ...
SEC Obtains Asset Freeze to Halt Fraud at Illinois-Based Transfer Agent
May 29th, 2014
The Securities and Exchange Commission announced fraud charges and an emergency asset freeze against an Illinois-based transfer agent and its owner whose misappropriation scheme was exposed during an SEC examination of the firm. Transfer agents are typically used by ...
Geithner Must Give S&P Documents in U.S. Fraud Suit
May 14th, 2014
Ex-U.S. Treasury Secretary Timothy Geithner must comply with Standard & Poor’s demand that he provide documents related to its claim the U.S. sued the company in retaliation for downgrading government debt. Harold W. McGraw III, chairman of S&P parent ...
Ex-Barclays chief to be quizzed by fraud office over alleged bribes
May 13th, 2014
Former Barclays boss Bob Diamond is to be grilled by the Serious Fraud Office over alleged bribes paid by the bank to Middle East investors during the financial crisis. The tainted former chief executive is among a dozen former ...
Polls close in eastern Ukraine amid allegations of fraud and double-voting
May 12th, 2014
Polls closed Sunday after voters streamed into polling stations in eastern Ukraine to vote in controversial referendums held by pro-Russian activists eager to declare independence from Kiev, an official said. Voters in the city of Donetsk faced this question ...
