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Crime Corporate Fraud

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  • Corruption scandal moves closer to Guatemalan president Wednesday, 26 Aug 2015 | 8:55 AM ET

    GUATEMALA CITY— Guatemala's Supreme Court has taken the first step in allowing impeachment proceedings against President Otto Perez Molina and his former Vice President Roxana Baldetti has been ordered to stand trial in a fraud case that has pushed the country into political crisis. "It's very exciting in some ways for those who forever have been deeply...

  • Morgan Securities analyst in California pleaded not guilty Tuesday to taking part in insider trading that prosecutors say netted more than $600,000. Ashish Aggarwal, 27, of San Francisco, and two Los Angeles friends entered not guilty pleas in federal court. A federal grand jury in Los Angeles indicted each of them on 30 counts of conspiracy, securities fraud,...

  • WASHINGTON, Aug 25- A former analyst with J.P. Morgan Securities and two longtime friends have been charged with an insider trading scheme from which they are alleged to have made more than $600,000 in illegal profits, U.S. authorities said on Tuesday. Ashish Aggarwal, 27, of San Francisco; Shahriyar Bolandian, 26, of Los Angeles; and Kevan Sadigh, 28, of Los Angeles,...

  • NEW YORK, Aug 20- A former president of a failed New York bank was sentenced to 2-1/ 2 years in prison on Thursday after becoming the first person to be convicted for trying to defraud the U.S. government bailout program established during the financial crisis. Charles Antonucci, Park Avenue Bank's former president, was ordered to serve prison time by U.S.

  • Phishing scam targets Washington E-ZPass holders Monday, 17 Aug 2015 | 4:24 PM ET
    E-Z Pass toll booth

    Phony emails warn drivers they are "indebted for driving on toll roads," with a link to a fake website, says NBC 4.

  • He was accused of misappropriating $20 million in investor funds from North Hills to fund a luxurious lifestyle, as well as participating in a massive tax shelter scheme at BDO Seidman, now known as BDO USA. In court papers, prosecutors credited Bloom with providing key evidence about both the BDO Seidman fraud, which cost the U.S. government $1.5 billion in tax...

  • *Ukraine computer hackers stole corporate information. NEW YORK, Aug 11- An alliance of U.S.-based stock traders and computer hackers in Ukraine made as much as $100 million in illegal profits over five years after stealing confidential corporate press releases, U.S. authorities said on Tuesday. Prosecutors said that hackers based in Ukraine infiltrated...

  • Prosecutors in Brooklyn, New York made public an insider trading indictment charging four traders: Vitaly Korchevsky, a former hedge fund manager from Glen Mills, Pennsylvania; Vladislav Khalupsky, of Brooklyn and Odessa, Ukraine and Leonid Momotok, of and Alexander Garkusha of Georgia. An separate indictment made public in New Jersey charges Ivan Turchynov...

  • Attorney's offices in Brooklyn and New Jersey, marks the first time prosecutors have alleged that a securities fraud scheme was based on hacked inside information. Federal prosecutors in Brooklyn and New Jersey could not immediately be reached for comment outside regular U.S. business hours. In 2007, the agency filed a civil case against a Ukrainian trader...

  • NEW YORK, Aug 10- A man accused by U.S. prosecutors of running a $300 million penny-stock manipulation fraud that drove the market value of little-known Cynk Technology Corp past $6 billion pleaded not guilty on Monday. Gregg Mulholland, also known as "Stamps" and " Charlie Wolf," was arraigned on charges including securities fraud in an indictment recently filed in...

  • Aug 7- Zynga Inc reached a $23 million settlement to end litigation accusing the gaming company known for "FarmVille" of defrauding shareholders about its business prospects before and after its December 2011 initial public offering. In its quarterly report made public on Friday, Zynga said the settlement in principle was reached this week through mediation...

  • Aug 7- Zynga Inc reached a $23 million settlement to end litigation accusing the gaming company known for "FarmVille" of defrauding shareholders about its business prospects before and after its December 2011 initial public offering. In its quarterly report made public on Friday, Zynga said the settlement in principle was reached this week through mediation...

  • Aug 7- A Whole Foods Market Inc shareholder has accused the grocer in a lawsuit of committing securities fraud by concealing its overcharging of New York City customers, leading to bad publicity that hurt sales and drove its share price down. In a complaint filed on Thursday in federal court in Austin, Texas, the plaintiff Yochanan Markman said Whole Foods knew or...

  • Wilmington Trust's former president, Robert Harra, 66, and former chief financial officer, David Gibson, 58, were indicted on charges including securities fraud, conspiracy, making false statements to the Federal Reserve and Securities and Exchange Commission, and making false entries in banking records. All four defendants also face SEC civil charges.

  • LONDON, Aug 4- Britain's Serious Fraud Office is poised to file more criminal charges in connection with its investigation into alleged rigging of benchmark interest rates after sealing the world's first Libor conviction in a jury trial on Monday. Green has staked his reputation on a successful prosecution in the investigation into the suspected...

  • Frederick Alan Voight, 58, and his firm DayStar Funding LP agreed to pay civil penalties and return alleged illegal gains in sums to be set by a federal judge, the SEC said. The SEC said this included $13.8 million raised since October from at least 260 U.S. investors to fund InterCore's installation of its Driver Alertness Detection System, or DADS, technology in "...

  • July 21- U.S. and Israeli authorities arrested four people in Israel and Florida on Tuesday in connection with several fraud schemes tied to last summer's massive data breach at JPMorgan Chase& Co, according to news reports. The hacking of JPMorgan's computers compromised information in 83 million household and small business accounts, making it one of the...

  • July 21- Facebook Inc cannot challenge search warrants New York prosecutors used to get information from its site on hundreds of users suspected of Social Security fraud, a state appeals court said on Tuesday, in a decision likely making it harder for New Yorkers to keep their digital lives private. Facebook was backed in the case by a group of large Internet...

  • July 21- U.S. and Israeli law enforcement agencies have arrested four people in Israel and Florida related to securities fraud tied to computer hacks of JPMorgan Chase& Co and other financial institutions, Bloomberg reported, citing sources. Israeli police spokesman Micky Rosenfeld said he did not have details of a scam involving JP Morgan but confirmed three...

  • A baffling case in corporate fraud: NYT's Stewart Friday, 17 Jul 2015 | 10:43 AM ET
    A baffling case in corporate fraud: NYT's Stewart

    Jim Stewart, New York Times, discusses the "London Whale" case, where no further action has been taken against Bruno Iksil, whose risky bets on complex derivative contracts ended up costing JPMorgan Chase $6.2 billion in losses.