Search Results for: fraud
Company and its owner charged with defrauding investors for at least $13 million
May 4th, 2017
CFTC Charges Arizona Resident Cory Williams and His Company, Williams Advisory Group, LLC, with Fraudulently Soliciting and Receiving at Least $13 Million in Commodity Pool Scheme The U.S. Commodity Futures Trading Commission (CFTC) today announced the filing of a ...
CFTC charges individual with fraudulently soliciting commodity futures customers
May 3rd, 2017
CFTC Charges Pennsylvania Resident William H. Powderly IV with Fraudulently Soliciting Commodity Futures Customers and Distributing False Account Statements The U.S. Commodity Futures Trading Commission (CFTC) filed an enforcement action in the U.S. District Court, Northern District of Illinois, ...
Semiconductor Company and Former CFO Settle Accounting Fraud Charges
May 2nd, 2017
The Securities and Exchange Commission today announced that a South Korea-based semiconductor manufacturer and its former CFO have agreed to settle charges related to an accounting scheme to artificially boost revenue and manipulate the financial results reported to investors. ...
HMRC raids two popular football clubs in UK in tax fraud allegations; Reports for arrests
April 27th, 2017
HMRC officials went to St James’ Park, where Newcastle have been celebrating a move back up to the Premiership, and also to the former Olympic stadium which is now home to the Hammers. There have been reports that the ...
JPMorgan accused of fraud over tech company sale
April 19th, 2017
JPMorgan steered a technology company client to sell itself to BlackBerry at a knockdown price because it wanted to win lucrative future investment banking business from the smartphone pioneer, according to an investor lawsuit. The lawsuit filed on behalf ...
27 Firms and Individuals Charged With Fraudulent Promotion of Stocks
April 11th, 2017
SEC: Payments for Bullish Articles on Stocks Must Be Disclosed to Investors The Securities and Exchange Commission today announced enforcement actions against 27 individuals and entities behind various alleged stock promotion schemes that left investors with the impression they ...
Court orders firms to disgorge ill-gotten funds in Binary Options fraud
April 7th, 2017
Federal Court Orders Relief Defendants Westward International Ltd. and Coucarin Holdings Ltd. to Disgorge Ill-Gotten Funds Totaling More than $1.77 Million in CFTC Binary Options Fraud Action The U.S. Commodity Futures Trading Commission (CFTC) today announced that Judge James ...
Financial fraud losses in UK totalled £768.8 million in 2016
April 1st, 2017
Financial fraud losses across payment cards, remote banking and cheques totalled £768.8 million in 2016, an increase of 2 per cent on the previous year, figures from Financial Fraud Action UK show. The new data shows banks and card ...
Tesco and Serious Fraud Office near to deal over accounting scandal
March 28th, 2017
The Serious Fraud Office and Tesco are within days of announcing a settlement that could mean Britain’s biggest supermarket chain will pay a multimillion-pound fine over an accounting scandal. Under the deferred prosecution agreement (DPA), Tesco would pay a ...
100 investors lost more than $15 million in stock fraud
March 27th, 2017
The office of the U.S. Attorney for the Southern District of New York has issued an announcement to inform that investment adviser and broker found guilty in Manhattan Federal Court of securities fraud, wire fraud, conspiracy and aggravated identity ...
