Search Results for: fraud
Italy uncovers EUR 1.7 bn vast corporate fraud
October 22nd, 2014
Italy’s financial police on Tuesday said they had broken up a ring of companies they believe used false accounting to defraud the state out of 1.7 billion euros ($2.2 billion) of tax. “The illegal activity has led, over the ...
Facebook sues over ‘fraudulent lawsuit’
October 21st, 2014
Facebook is suing US law firms alleging they knowingly represented a fraudster who claimed to be owed Facebook shares, in a warning to other law firms representing anyone attempting to get a slice of Mark Zuckerberg’s fortune. The Silicon ...
HMRC arrests three in £80m tax fraud and money laundering bust
October 21st, 2014
HMRC officers have arrested three men on suspicion of tax fraud and money laundering offences worth up to £80 million. Over 70 officers swooped on the men in dawn raids at three London addresses last Friday. Cash totalling £150,000 ...
SEC Charges New York-Based High Frequency Trading Firm With Fraudulent Trading
October 17th, 2014
The Securities and Exchange Commission sanctioned a New York City-based high frequency trading firm for placing a large number of aggressive, rapid-fire trades in the final two seconds of almost every trading day during a six-month period to manipulate ...
FCA targets those most at risk of investment fraud
October 15th, 2014
FCA in an effort to inform investors and prevent investment frauds has issued a campaign to raise awareness on the issue. Investment scams generally involve high-pressured selling, using boiler room tactics, for products which often do not exist, including ...
Greithner must deliver S&P documents in $5 billion U.S. fraud lawsuit
September 26th, 2014
On legal news, Timothy Geithner, former U.S. Treasury Secretary, must give Standard & Poor’s documents, basically unedited versions, he used when writing his best-selling memoir, a ruling that could help S&P defend against the government’s $5 billion fraud lawsuit ...
Ex-Barclays members provide evidence for fraud
September 25th, 2014
Former board members of Barclays have been called on to give evidence to the UK’s anti-fraud agency as part of a probe into the bank’s dealings with Qatar over an emergency cash injection at the height of the financial ...
CFTC Charges Ohio Executive Management Advisors L.L.C., with Fraud and $8.3 Million Ponzi Scheme
September 24th, 2014
The U.S. Commodity Futures Trading Commission (CFTC) has filed a federal civil enforcement action in the U.S. District Court for the Southern District of Ohio against Defendants John R. Bullar, who resides in Cincinnati, Ohio, and Executive Management Advisors ...
French court charges UBS with €1.1 bn over tax fraud
September 23rd, 2014
A 1.1-billion-euro payment was imposed to Swiss Bank UBS by a French court by a French court, for allegedly helping rich French clients to hide money in Switzerland. The bank made an appeal in July after charges of tax ...
New York says Barclays move to toss fraud case should be denied
September 17th, 2014
The New York attorney general on Tuesday rebutted Barclays Plc’s (BARC.L) motion to dismiss the state’s lawsuit alleging fraud in how it ran a private trading platform, calling the arguments in the petition “misguided” and “disingenuous.” New York Attorney ...
