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Crime Corporate Fraud

  • District Judge Paul Oetken in Manhattan said prosecutors could pursue charges that Brian Block knowingly misled investors by plugging fake numbers into a spreadsheet later incorporated into American Realty's reported results, making them appear better than they actually were. American Realty shares plunged as much as 37 percent on Oct. 29, 2014, wiping...

  • April 27- Airbus is involved in a furious row with Austria over a fraud investigation in connection with a $2 billion fighter jet deal. Airbus and other partners in Eurofighter- Britain's BAE Systems and Italy's Leonardo- and the consortium itself have denied any wrongdoing. Austria, led by conservative Chancellor Wolfgang Schuessel, ordered 18 Eurofighter...

  • *Airbus CEO says Austria fraud probe politically motivated. PARIS/ VIENNA, April 27- A heated row broke out between Austria and Europe's largest aerospace company on Thursday as Airbus Chief Executive Tom Enders accused Vienna of playing politics with a fraud investigation and the government told him to calm down. Vienna prosecutors launched the probe into...

  • *Airbus CEO says Austria fraud probe politically motivated. PARIS/ VIENNA, April 27- A heated row broke out between Austria and Europe's largest aerospace company on Thursday as Airbus Chief Executive Tom Enders accused Vienna of playing politics with a fraud investigation and the government told him to calm down. Vienna prosecutors launched the probe into...

  • PITTSBURGH— An insurance agent pleaded guilty Thursday in a promissory note scam that bilked nearly 80 clients out of $8.2 million. John Hogan, 77, of Swissvale, entered his pleas to five counts of mail fraud in the scheme run out of his Hogan& Associates business. Hogan promised they'd get at least a 10 percent return, but he instead used the money to prop up 25 homes...

  • PARIS, April 27- Airbus Chief Executive Tom Enders hit back at an Austrian fraud investigation on Thursday, describing it as a "politically-motivated abuse of the legal system". Vienna prosecutors on Wednesday disclosed the investigation against Enders, first reported by Reuters, as part of an enquiry into suspected fraud in a 2003 jet fighter deal.

  • VIENNA, April 26- Airbus was plunged deeper into legal wrangling over past business dealings on Wednesday when Vienna prosecutors announced a fraud investigation into its chief executive in connection with a $2 billion fighter order over a decade ago. Airbus called the accusations against CEO Tom Enders "completely unsubstantiated" after Reuters...

  • NEW YORK, April 26- JPMorgan Chase& Co is not liable to a group of former customers of Bernard Madoff who blamed the bank for being actively involved in his Ponzi scheme and ignoring red flags of fraud, a federal appeals court ruled on Wednesday. The 2nd U.S. Circuit Court of Appeals in Manhattan said the customers failed to show that JPMorgan had enough "control" over...

  • VIENNA PROSECUTORS ARE INVESTIGATING AIRBUS CEO THOMAS ENDERS FOR SUSPECTED FRAUD IN CONNECTION WITH 2003 EUROFIGHTER ORDER-SPOKESWOMAN FOR PROSECUTORS' OFFICE.

  • VIENNA, April 26- Vienna prosecutors are investigating Airbus Chief Executive Thomas Enders for suspected fraud in connection with a $2 billion Eurofighter jet order by Austria more than a decade ago, the prosecutors' office said. Correspondence reviewed by Reuters listed Enders as one of those accused in the investigation, and a spokeswoman for the Vienna...

  • Jonathan Ly, 28, was sentenced by U.S. District Judge John Coughenour in Seattle after pleading guilty in December to a securities fraud charge for having engaged in an insider trading scheme that prosecutors said netted him $331,000. He previously reached a $375,907 settlement with the U.S. Securities and Exchange Commission.

  • Jonathan Ly, 28, was sentenced by U.S. District Judge John Coughenour in Seattle after pleading guilty in December to a securities fraud charge for having engaged in an insider trading scheme that prosecutors said netted him $331,000. He previously reached a $375,907 settlement with the U.S. Securities and Exchange Commission.

  • April 24- The U.S. Supreme Court on Monday declined to hear an appeal by former WellCare Health Plans Inc Chief Executive Todd Farha of his 2013 fraud conviction for his role in a scheme to cheat the Medicaid health insurance program for the poor. Farha began serving a three-year sentence at a minimum security federal prison in Alabama after the Atlanta- based...

  • DETROIT— A judge on Friday ordered Volkswagen to pay a $2.8 billion criminal penalty in the United States for cheating on diesel emissions tests, blessing a deal negotiated by the government for a "massive fraud" orchestrated by the German automaker. District Judge Sean Cox stuck to the plea deal during the sentencing hearing, six weeks after VW pleaded guilty to...

  • FESTUS, Mo.— The owner of a suburban St. Louis nursing home where 60 residents had to be rescued after food ran out and trash piled up has pleaded guilty to federal charges for stealing $667,000 from Medicaid and spending it on strippers, gambling and other things. Johnnie Mac Sells, 52, pleaded guilty Wednesday to two counts of health care fraud, the St. Louis...

  • NEW YORK, April 19- An elected official of a New York City suburb faces trial on Wednesday in what authorities have called the first criminal securities fraud case involving municipal bonds. Christopher St. Lawrence, the elected supervisor of Ramapo, New York, has been charged with securities fraud, wire fraud and conspiracy. Lawrence in April 2016 along with...

  • NEW DELHI— British police on Tuesday arrested Indian business tycoon Vijay Mallya in London on behalf of authorities in India, where he is wanted on charges of money laundering and bank demands that he pay back more than a billion dollars in loans extended to his now-defunct airline. "Mallya will be brought back to India. India's Enforcement Directorate, now...

  • NEW DELHI— British police say they have arrested Indian business tycoon Vijay Mallya in London on Indian fraud charges.

  • April 14- HSBC Holdings Plc has agreed to pay about $2 million to settle a civil fraud lawsuit that alleged the bank improperly attempted to get reimbursement from the federally backed U.S. Small Business Administration on bad loans it knew were based on fraudulent or potentially fraudulent information. Under the SBAExpress loan program, designed to help...

  • WASHINGTON, April 14- Volkswagen AG said on Friday the company has bought back or repaired more than half of 475,000 polluting 2.0- liter diesel vehicles under a U.S. government settlement, just six months after it launched the largest-ever automotive repurchase offer. In March, VW pleaded guilty to fraud, obstruction of justice and falsifying statements as...