Search Results for: fraud
BofA Investors Say Settlement Reached in Forex Class Action
April 17th, 2015
Bank of America Corp. investors say they’ve settled a lawsuit accusing the company of rigging prices in the foreign-exchange market. The investors, several pension and hedge funds, didn’t reveal how much the bank would pay in a statement Thursday ...
SEC Charges New York-Based Financial Advisor With Stealing $20 Million From Customers
April 17th, 2015
The Securities and Exchange Commission today announced fraud charges against a New York City-based financial advisor accused of stealing at least $20 million from customers to fund his own brokerage accounts and then squandering the bulk of the money ...
Ernst & Young settles with N.Y. for $10 million over Lehman auditing
April 16th, 2015
Ernst & Young LLP will pay $10 million to settle a New York lawsuit accusing the accounting firm of helping Lehman Brothers Holdings Inc deceive investors in the years leading up to its 2008 collapse, the New York attorney ...
FCA issued a warning about a Clone Firm
April 14th, 2015
The FCA has issued a warning to inform that: Fraudsters are using or giving out the following details as part of their tactics to scam people in the UK: Black Rock Ltd (clone of FCA authorised firm) Telephone: +44 203 ...
First US law firm to be licensed as ABS in UK
April 13th, 2015
The US firm has made its first UK hire and is going down the alternative business structure route. US law fim Cahill Gordon & Reindel has become the first US firm to be licensed as an Alternative Business Structure ...
Former ConvergEx trader admits books and records falsification
April 7th, 2015
Former Convergex Global Markets trader, Michael Craig Marshall, pleads guilty for scheme to falsify books and records A former trader at ConvergEx Global Markets has pleaded guilty in federal court in New Jersey for his role in a scheme ...
The Greek crisis and the clash of philosophies within the EU
April 7th, 2015
Listening to German Finance Minister Wolfgang Schäuble and his Greek counterpart Yanis Varoufakis speaking about the recent Eurogroup agreement on Greece, one could be forgiven for thinking they were talking about two completely different texts. There are obviously deep ...
Financial Institutions Benefit from Video-Driven Analytics and Insight with March Networks Searchlight4
April 2nd, 2015
March Networks®, a leader in intelligent IP video surveillance for financial institutions worldwide, is pleased to introduce March Networks Searchlight™4 for Banking. The new, video-based business intelligence solution provides banks and credit unions with exceptional insights into customer service, ...
Ex-federal agents charged with stealing Silk Road-related bitcoins
March 31st, 2015
Two former federal agents have been charged with stealing hundreds of thousands of dollars worth of bitcoin during the investigation of the Silk Road dark web marketplace. Carl Force, a special agent with the Drug Enforcement Administration (DEA), and ...
Hong Kong Rules Out Bitcoin Regulation
March 31st, 2015
As virtual currencies, such as Bitcoin, are not widely circulated in Hong Kong, the Government has said there is currently no need to introduce legislation to regulate virtual commodities trading. Responding to lawmakers’ questions in the Legislative Council, Secretary ...
