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Crime Corporate Fraud

  • 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...

  • 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...

  • TEL AVIV, May 16- The owner of an Israeli binary options firm has been arrested on suspicion of fraud and extortion after an investor abroad reported losses of more than $500,000 to the online company, Israeli police said on Tuesday. Israel already banned the domestic sale of binary options last year, the first country to do so, and is now seeking to extend the ban to...

  • The prosecutors in Anshan, northern China decided not to bring charges of fraudulent collection of funds against the businessman, named David Byrne, because they did not have enough evidence, according to an official order seen by Reuters. Reuters reported last year how the venture, known as EuroFX, allegedly scammed thousands of investors in China and other...

  • BRASILIA/ RIO DE JANEIRO, May 12- Brazilian police are investigating suspected fraud in loans to JBS SA, the world's largest meatpacker, by state development bank BNDES, according to federal court documents released on Friday, adding to scandals circling the company. The Brasilia- based court issued orders to bring in brothers Joesley and Wesley Batista, JBS...

  • A pedestrian walks past a Wells Fargo bank branch in Washington, D.C.

    CNBC's Dominic Chu reports that lawyers for those affected by the Wells Fargo unauthorized accounts scandal are asking for the probe to go back further due to the possibility of more unauthorized accounts.

  • NEW YORK, May 8- A Manhattan jury on Monday convicted a former top executive of the now-defunct U.S. law firm Dewey& LeBoeuf of defrauding investors while acquitting another executive, roughly 19 months after an earlier trial ended with a hung jury. The former CFO, Joel Sanders, was convicted in Manhattan state court of securities fraud and conspiracy charges.

  • SAO PAULO, May 8- Brazilian police searched the Sao Paulo offices of drugmaker Alexion Pharmaceuticals Inc on Monday as part of a probe into its relationship with a patient advocacy group accused of filing fraudulent lawsuits to spur drug purchases. Alexion confirmed that police had visited its office in Brazil and said in an emailed statement that it...

  • Fraudsters sought to steal $5.3 billion through schemes known as business email compromise from October 2013 through December, the FBI said in a report released Thursday by its Internet Crime Complaint Center. The number of business-email compromise cases, in which cyber criminals request wire transfers in emails that look like they are from senior...

  • The complaint, filed in federal court in Los Angeles on Monday, came after the Justice Department earlier this year intervened in two separate whistleblower lawsuits against the country's largest health insurer. "This action sends a warning that our office will continue to scrutinize and hold accountable Medicare Advantage insurers to safeguard the...

  • 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...