Search Results for: fraud
FCA urges public to report and speak out against fraudulent investment schemes
October 27th, 2017
The Financial Conduct Authority (FCA), the conduct and prudential regulator for financial services firms and financial markets in the UK, urges the public to get in touch if they have been contacted by a company offering what they think ...
CNMV advise: Be wary of fraud through internet and social networks
October 25th, 2017
The Comision Nacional Del Mercado De Valores (CNMV), a financial markets regulator in Spain, has issued an information statement to advice public and investors regarding unsolicited investment offers. Non-registered entities may have sophisticated and fast websites. The anonymity of ...
Former HSBC Executive Found Guilty of Fraud in $3.5 Billion Currency Trade
October 24th, 2017
A U.S. jury on Monday found former HSBC executive Mark Johnson guilty of defrauding Cairn Energy (CRNZF, +0.00%) in a $3.5 billion currency trade in 2011. U.S. prosecutors have said that Mark Johnson, formerly head of HSBC’s global foreign ...
London police raided 20 offices as part of a crackdown on binary options fraud
October 20th, 2017
The City of London Police has issued a press release to inform that conducted a day of action and visited 20 offices to speak with businesses to help build an intelligence picture around Binary Options and other types of ...
Former top Executives of one of the world’s largest metals and mining corporations charged with fraud
October 18th, 2017
The Securities and Exchange Commission charged mining company Rio Tinto and two former top executives with fraud for inflating the value of coal assets acquired for $3.7 billion and sold a few years later for $50 million. The SEC’s ...
Lawyers Charged With Assisting a Microcap Fraud Scheme
October 12th, 2017
The Securities and Exchange Commission today charged two lawyers it alleges helped facilitate a microcap fraud scheme involving undisclosed “blank check” companies secretly bound for reverse mergers. In complaints filed in the U.S. District Court for the Southern District ...
Alleged Commodity Pool Fraud Took in More than $3.1 Million from at Least 72 Pool Participants
October 12th, 2017
The Commodity Futures Trading Commission (CFTC) announced the filing of a Complaint on October 2, 2017, in the U.S. District Court for the Central District of California. The CFTC Complaint, filed under seal, charges Defendants Scott Allensworth (d/b/a Capital ...
International fraudulent scheme controller fined for more than $2 million
October 11th, 2017
The Commodity Futures Trading Commission (CFTC) announced that the Honorable Joan B. Gottschall of the U.S. District Court for the Northern District of Illinois entered a Final Judgment and Order against Grace Elizabeth Reisinger of Grand Island, Nebraska and ...
EU VAT Gap Release Falls Ahead Of New Anti-Fraud Action
October 4th, 2017
The European Union value-added tax gap – the overall difference between expected VAT revenue and actual EU member state collections – was EUR152bn in 2015, says the European Commission, highlighting the need for further reforms to tackle avoidance, error, ...
Mastercard released advanced alert for cards to fight fraud
October 3rd, 2017
Mastercard, a technology company in the global payments, has issued a press release to announce that Mastercard Arms Issuers with Predictive Tool to Combat Account Related Fraud from Data Breaches New service helps reduce fraud-related costs while improving the ...
