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Crime Corporate Fraud

  • In recent years, the fund has been used to overhaul the SEC's information technology, including upgrades to the filing system for public companies and initiatives to help police fraud and track equities trading patterns. Congress does decide the SEC's $1.6 billion budget, but it is deficit neutral because the fees it collects from Wall Street firms are...

  • 83% of millennials won't work for unethical companies: EY

    Millennials are also more likely to justify offering cash to win business. Chris Fordham, EY Fraud Investigation & Dispute Services, explains EY's survey findings.

  • In recent years, the fund has been used to overhaul the SEC's information technology, including upgrades to the filing system for public companies and initiatives to help police fraud and track equities trading patterns. Congress does decide the SEC's $1.6 billion budget, but it is deficit neutral because the fees it collects from Wall Street firms are...

  • Vadym Iermolovych, 29, of Kiev, had been the first hacker to admit criminal wrongdoing, in what authorities have called the largest known hacking scheme to game financial markets, leading to more than $100 million of legal profit. District Judge Madeline Cox Arleo in Newark, New Jersey, one year after pleading guilty to conspiracy to commit wire fraud, conspiracy...

  • Vadym Iermolovych, 29, of Kiev, had been the first defendant to admit criminal wrongdoing, in what authorities have called the largest known hacking scheme to game financial markets, leading to more than $100 million of legal profit. District Judge Madeline Cox Arleo in Newark, New Jersey, one year after pleading guilty to conspiracy to commit wire fraud,...

  • *UK lawyer who reviewed Rolls-Royce completes trio. PARIS, May 22- Airbus has appointed an independent panel including two former ministers to examine its anti-corruption practices after Britain and France launched fraud and bribery investigations into the sale of jetliners. Europe's largest aerospace group said on Monday the three advisers, who include...

  • PARIS, May 22- Airbus has appointed an independent review panel including two former ministers to oversee its anti-corruption practices after Britain and France launched fraud and bribery investigations into the sale of jetliners. The European airplane maker said on Monday the three advisers, who include former German finance minister Theo Waigel and...

  • NEW YORK, May 19- A Virginia man who orchestrated a hoax takeover bid that drove up Fitbit Inc's stock price last November, yet made only about $3,000 for his efforts, has been arrested and charged with fraud, U.S. prosecutors said on Friday. Robert Walter Murray, 24, of Chesapeake, was accused of submitting a sham regulatory filing in which the nonexistent, Shanghai-...

  • NEW YORK, May 19- An elected official of a New York City suburb was convicted on Friday of what authorities have called the first criminal securities charges brought over municipal bonds, a spokesman for federal prosecutors said. Christopher St. Lawrence, the elected supervisor of Ramapo, New York, was convicted by jurors in federal court in White Plains, New York,...

  • NEW YORK, May 19- A Virginia man who orchestrated a hoax takeover bid that drove up Fitbit Inc's stock price last November, yet made only about $3,000 for his efforts, has been arrested and charged with fraud, U.S. prosecutors said on Friday. Robert Walter Murray, 24, of Chesapeake, was accused of submitting a sham regulatory filing in which the nonexistent, Shanghai-...

  • MILAN, May 19- Italian investigators have seized documents from the Milan offices of International Business Machines Corp as part of an investigation into allegations of fraud at one of its customers, BT Italy, a unit of Britain's BT Group, sources said. The accounting scandal surfaced last October when BT Group said it had discovered accounting errors at its...

  • MANILA, Philippines— Twenty-five South Koreans have been arrested in metropolitan Manila on suspicion of internet fraud or illegal online gambling, Philippine authorities said Friday. Twelve of the suspects are wanted back home for allegedly duping their compatriots into investing money in bogus real estate projects in the Philippines, Bureau of...

  • LONDON, May 18- Britain's ruling Conservative Party on Thursday pledged to scrap the Serious Fraud Office and roll it into a broader crime-fighting body if it wins the June 8 national election, in a move roundly criticised by lawyers and anti-corruption groups. Prime Minister Theresa May's party manifesto document, which lists policy proposals, said it would...

  • VILNIUS, May 18- A Lithuanian judge said she wants more information from the United States before ruling on whether to extradite a Lithuanian national accused of swindling two U.S.-based Internet companies out of more than $100 million through an email fraud scheme. Lithuania, which does not have capital punishment, does not extradite people to the United...

  • LONDON, May 18- Britain's ruling Conservative Party on Thursday pledged to abolish the independent Serious Fraud Office and roll it into a broader, national crime-fighting body if it wins the June 8 national election. According to a manifesto document listing the party's policy proposals, Prime Minister Theresa May's party wants to bring the SFO under the...

  • LONDON, May 18- Britain's ruling Conservative Party on Thursday pledged to roll the Serious Fraud Office into a broader, national crime-fighting body if it wins the June 8 national election.

  • Australian Taxation Office Deputy Commissioner Michael Cranston faces up to five years in prison if convicted of abusing his position as a public servant by passing information to his son, Australian Federal Police Deputy Commissioner Leanne Close said. Adam Cranston, 30, is managing director of a Sydney- based financial services company.

  • NEW YORK, May 17- Hey, we have a great stock tip for you- a stone-cold lock, guaranteed profits! "The SEC also just charged a whopping 27 parties with fraud- from company CEOs, to communications firm execs and writers- all of whom conspired to talk up certain stocks and goose share prices. ""Fake news is a powerful tool for wrongdoers to profit at the consumers' expense, "said...

  • NEW YORK, May 17- Hey, we have a great stock tip for you- a stone-cold lock, guaranteed profits! "The SEC also just charged a whopping 27 parties with fraud- from company CEOs, to communications firm execs and writers- all of whom conspired to talk up certain stocks and goose share prices. ""Fake news is a powerful tool for wrongdoers to profit at the consumers' expense, "said...

  • NEW YORK, May 17- Hey, we have a great stock tip for you- a stone-cold lock, guaranteed profits! "The SEC also just charged a whopping 27 parties with fraud- from company CEOs, to communications firm execs and writers- all of whom conspired to talk up certain stocks and goose share prices. ""Fake news is a powerful tool for wrongdoers to profit at the consumers' expense, "said...