Search Results for: Fraud
Heads of Accounting Firms to be Held Accountable for Poor Auditing
June 13th, 2016
The Financial Services Commission announced on June 12 that it would submit to the National Assembly in September a proposal for amending the Act on External Audit of Stock Companies. According to its proposal, the head of an accounting ...
IFSC Belize warns: Beware of the entity “Profitable FX EA”
June 13th, 2016
The International Financial Services Commission of Belize (IFSC) has issued a warning to inform that: It has come to the notice of the International Financial Services Commission of Belize (IFSC) that an entity calling itself ‘Profitable FX EA’ is falsely and ...
Oracle whistleblower suit raises questions over cloud accounting
June 10th, 2016
The Oracle logo is seen on its campus in Redwood City, California June 15, 2015.REUTERS/ROBERT GALBRAITH A whistleblower lawsuit filed against Oracle Corp (ORCL.N) over its accounting practices underscores the pressures established computer companies face to show that they ...
FRC to investigate Deloitte
June 9th, 2016
The Financial Reporting Council (FRC) has launched an investigation under the accountancy scheme into Deloitte LLP, in relation to the preparation, approval and audit of the financial statements of companies within the Serco group. The investigation is for the financial ...
French ex-trader Jerome Kerviel wins unfair dismissal case
June 8th, 2016
The French ex-trader Jerome Kerviel, whose unauthorised transactions lost his bank €4.9bn (£3.82bn), has won a claim for unfair dismissal. A labour court said the bank, Societe Generale, had dismissed him not because of his actions, which it must ...
Visa introduced Digital Commerce App that enables financial insitutions to grow their mobile capabilities
June 8th, 2016
Visa Inc. (NYSE:V) introduced the Visa Digital Commerce App, an issuer-branded mobile commerce solution that enables financial institutions to offer their own mobile app to customers with valuable card management services – ultimately expanding and strengthening their Visa credit, debit ...
The owner of one the most largest real estate firms in Russia has been arrested
June 6th, 2016
Latvian law enforcement agencies have arrested the owner of the Miel real estate agency at the request of Russian prosecutors, the Vedomosti newspaper reported Friday. Grigory Kulikov, owner of one of the largest real estate firms in the Russian ...
SEC: Forex Trader Misrepresented Track Record and Hid Massive Losses
June 3rd, 2016
The Securities and Exchange Commission charged a New York City-based Forex trader with defrauding investors out of millions of dollars by misrepresenting her investment track record, the profitability of her investments, and her use of investor funds. The SEC alleges ...
EY to create 270 new jobs in Ireland expansion
June 3rd, 2016
Professional services firm opens second office in Dublin and new Galway office EY to recruit 220 new experienced hires and increase graduate intake from 200 to 250 across its seven offices Salaries for experienced hires to average in excess ...
Mystery Solved: $6.6 Million Bitcoin Theft That Brought Down Dark Web Site Tied To 2 Florida Men
May 31st, 2016
The U.S. government has seized $4.5 million from two Florida men who allegedly stole 5,400 bitcoins from illegal online drug sales site Sheep Marketplace in late 2013, shortly before the price of bitcoin hit its peak of around $1,200, ...
