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Crime Corporate Fraud

  • Former Chief Executive of Barclays John Varley (C) arrives at Westminster Magistrates Court on July 3, 2017 in London, England. Mr Varley today appears with three other former executives of Barclays in relation to a Serious Fraud Office investigation over the way the bank raised billions of pounds from Qatar in 2008.

    Four former top Barclays executives appeared in court in London on Monday to face charges that they conspired to commit fraud during the bank's 12 billion pound ($15.56 billion) emergency fundraising in 2008.

  • WASHINGTON, June 30- The U.S. Securities and Exchange Commission on Friday said it filed fraud charges against the founder of a purported Bitcoin platform and a chain of co-working spaces located in former bars and restaurants, alleging he bilked investors in both companies. Renwick Haddow, a British citizen living in New York, allegedly set up an unregistered...

  • NEW YORK, June 30- The former chief financial officer of American Realty Capital Properties Inc was convicted on Friday of deceiving investors by inflating the real estate investment trust's financial statements. Jurors in a federal court in Manhattan found Brian Block guilty of fraud and conspiracy following a three-week trial. American Realty shares...

  • June 29- A U.S. prosecutors on Thursday urged jurors to convict the former chief financial officer of American Realty Capital Properties Inc over allegations he inflated the real estate investment trust's financial statements, winding down a three-week trial. Attorney Edward Imperatore told the jurors that in July 2014, Block plugged fake numbers into a...

  • June 28- Martin Shkreli's lawyer did not run from his client's troubled public image, describing him as a misunderstood genius, as he began his defense in the former drug company executive's securities fraud trial on Wednesday. "You may not like Martin Shkreli," Benjamin Brafman said in his opening argument in Brooklyn federal court, "and you may have reasons to...

  • June 28- Martin Shkreli's lawyer did not run from his client's troubled public image, describing him as a misunderstood genius, as he began his defense in the former drug company executive's securities fraud trial on Wednesday. "You may not like Martin Shkreli," Benjamin Brafman said in his opening argument in Brooklyn federal court, "and you may have reasons to...

  • That maneuver, the SEC said, artificially reduced the company's operating costs by as much as 20 percent at times, and improved metrics for oil extraction efficiency. The company issued a statement saying the lawsuit was based on "historic" accounting practices that were discovered and reported to the SEC in July 2014. "We are naturally disappointed that the SEC...

  • That maneuver, the SEC said, artificially reduced the company's operating costs by as much as 20 percent at times, and improved metrics for oil extraction efficiency. The company issued a statement saying the lawsuit was based on "historic" accounting practices that were discovered and reported to the SEC in July 2014. "We are naturally disappointed that the SEC...

  • That maneuver, the SEC said, artificially reduced the company's operating costs by as much as 20 percent at times, and improved metrics for oil extraction efficiency. The company issued a statement saying the lawsuit is based on "historic" accounting practices that were discovered and reported to the SEC in July 2014. "We are naturally disappointed that the SEC...

  • JERUSALEM, June 28- Bezeq Israel Telecom appointed independent director David Granot as interim chairman on Wednesday while the incumbent is being investigated for fraud. The investigation centers on the company's 1 billion shekel acquisition of the remaining stake in its satellite TV unit, YES, from Eurocom Group in 2015.. Elovitch, who controls Bezeq...

  • WASHINGTON, June 27- California took another step on Tuesday toward allowing state residents to sue financial institutions for fraud, rather than letting banks force customers to settle disputes in arbitration, as a bill inspired by last year's Wells Fargo scandal passed a key Assembly committee. The bill has already passed the state Senate.

  • Benjamin Wey leaves Manhattan Federal Court, June 26, 2015.

    A white-collar case usually calls for broader details in a warrant of what the government can seize, N.Y. Times reports.

  • NEW YORK, June 27- A Florida man was sentenced on Tuesday to serve 5-1/ 2 years in prison after pleading guilty to operating an illegal bitcoin exchange suspected of laundering money for hackers and linked to a data breach at JPMorgan Chase& Co.. Anthony Murgio, 33, of Tampa, pleaded guilty on Jan. 9 to three conspiracy counts, including bank fraud and operating an...

  • NEW YORK, June 26- The trustee recouping money for Bernard Madoff's victims has reached more than $23 million of settlements with the estates of the swindler's late sons and related defendants, ending more than eight years of litigation. According to a Monday court filing, the settlement will strip the estates of Andrew and Mark Madoff of "all assets, cash, and...

  • June 26- The trustee recouping money for Bernard Madoff's victims has reached more than $23 million of settlements with the estates of the swindler's late sons and related defendants, ending more than eight years of litigation. According to a Monday court filing, the settlement will strip the estates of Andrew and Mark Madoff of "all assets, cash, and other...

  • WASHINGTON, June 26- Nearly 30 banks that underwrote billions in debt offerings by Lehman Brothers before Lehman collapsed in 2008 will not have to defend a securities fraud lawsuit by a big California pension fund, the U.S. Supreme Court ruled on Monday. Though the Supreme Court has said class actions extend certain deadlines by which individuals who drop out...

  • NEW YORK, June 26- Martin Shkreli, the pharmaceutical entrepreneur vilified as the "pharma bro" for raising the price of a life-saving drug by 5,000 percent, will go on trial on Monday for what U.S. prosecutors called a Ponzi-like scheme at his former hedge fund and a drug company he once ran. District Judge Kiyo Matsumoto in Brooklyn, is expected to last four to six...

  • Japan Inc. and the Takata saga

    Takata's bankruptcy filing goes to show that big changes in corporate governance have taken place in Japan, says Jesper Koll at WisdomTree.

  • MILAN, June 21- Italian tax police seized documents from the offices of five lenders on Wednesday in an investigation over alleged fraud in relation to the distribution of diamonds to bank customers, three sources with knowledge of the case said. The police took documents and computer files from Intesa Sanpaolo, UniCredit, Monte dei Paschi di Siena, Banco BPM and...

  • MILAN, June 21- Italian tax police seized documents from the offices of five Italian lenders on Wednesday in an investigation over alleged fraud in relation to the distribution of diamonds to bank clients, sources said. The police took documents and computer files from Intesa Sanpaolo, UniCredit, Monte dei Paschi di Siena, Banco BPM and Popolare di Bari, the...