Search Results for: US Justice Department
UK Serious Fraud Office to launch forex market manipulation probe
July 21st, 2014
The UK’s Serious Fraud Office (SFO) is reportedly planning to launch the criminal investigation into alleged manipulation of the $5.3trn-a-day foreign-exchange (forex) market. Unnamed sources with the knowledge of matter were quoted by The Financial Times as saying that ...
Julius Baer expects to settle U.S. tax case in months
July 21st, 2014
Julius Baer (BAER.VX) expects to strike a deal with U.S. authorities in a matter of months to settle a criminal investigation into the Swiss bank’s role in helping wealthy Americans evade their taxes, its chief executive said on Monday. ...
Swiss banks threaten freeze on US accounts over tax evasion
July 8th, 2014
Several Swiss banks have threatened to freeze American clients’ accounts unless they prove they are, or take steps to become, tax compliant, as the country’s lenders hurry to resolve a tax evasion dispute with the US. The moves – ...
‘Bitcoin Jesus’ Calls Rich to Tax-Free Tropical Paradise
June 16th, 2014
He’s known as Bitcoin Jesus in the world of cyber-currencies. Though he can’t promise you heaven, he is offering a haven: a condo in the Caribbean that comes with a new passport and almost zero taxes. Meet Roger Ver, ...
USA ‘to fine BNP Paribas €7 billion’ in sanctions probe
May 30th, 2014
The US is seeking more than €7.4 billion ($10 billion) to resolve a criminal probe into allegations that the French bank evaded US sanctions against Iran, Sudan and Cuba, the Wall Street Journal reported Thursday. BNP – the largest ...
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 ...
Apple, Google, Intel, Adobe Settle Antitrust Hiring Case
April 25th, 2014
Apple Inc. (AAPL), Google Inc. (GOOG), Intel Corp. (INTC), and Adobe Systems Inc. (ADBE) agreed to pay $324 million to settle an employee lawsuit over claims they conspired to suppress salaries by not recruiting one another’s workers, a person ...
Senators accuse GM of illegally hiding ignition-switch flaw
April 3rd, 2014
Lawmakers on Wednesday bluntly accused General Motors of illegally hiding evidence of a deadly ignition-switch flaw for much of the past decade, as GM chief executive Mary T. Barra endured a second day of combative hearings on Capitol Hill. ...
Former CEO of Israeli binary options company charged with defrauding investors all over the world
March 26th, 2018
Lee Elbaz, the former CEO of Israeli binary options company Yukom Communications, was indicted by a US federal grand jury on March 22 for allegedly participating in a scheme to “defraud investors in the United States and across the ...
Volkswagen to pay a $2.8 billion criminal penalty
April 25th, 2017
Volkswagen has been ordered to pay a $2.8-billion criminal penalty in the United States for cheating on diesel emissions tests. Federal Judge Sean Cox in Detroit followed the deal negotiated by VW and the US Justice Department. The sentence ...
