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Crime Corporate Fraud

  • Feb 1- A former senior executive of Tenet Healthcare Corp has been indicted on charges that he participated in a scheme to pay bribes for patient referrals, enabling the U.S. hospital chain to fraudulently bill state Medicaid programs for $400 million. John Holland, a former senior vice president, was charged in an indictment filed in federal court in Miami with...

  • The lawsuit in State Supreme Court in Manhattan accused Charter's Spectrum unit, until recently known as Time Warner Cable, of systematically defrauding customers since 2012 by promising and charging for services it knew it could not offer. Charter bought Time Warner Cable last year. "We will continue to invest in our business and deliver the highest quality...

  • NEW YORK, Jan 30- A former analyst at Michael Dell's New York- based investment fund was convicted of insider trading on Monday, just a week after he was arrested for refusing to come to court to face trial. John Afriyie, 29, was found guilty by a federal jury in Manhattan of securities fraud and wire fraud for misusing secret information about a deal that MSD Capital,...

  • LONDON, Jan 30- Two former HBOS bankers and four other people were found guilty on Monday in a $307 million fraud trial. Former HBOS bankers Lynden Scourfield and Mark Dobson, businessmen Michael Bancroft, David Mills and his wife Alison Mills and accountant Tony Cartwright were convicted for various crimes following a five month jury trial in London.

  • LONDON, Jan 30- Two former HBOS bankers and four other people were found guilty on Monday in a $307 million fraud trial. Former HBOS bankers Lynden Scourfield and Mark Dobson, businessmen Michael Bancroft, David Mills and his wife Alison Mills and accountant Tony Cartwright were convicted for various crimes following a five month jury trial in London.

  • NEW HAVEN, Conn., Jan 27- A federal jury found former Jefferies Group bond trader Jesse Litvak guilty for a second time for defrauding customers on bond prices, but acquitted him on nine of the 10 counts he faced. The verdict on Friday by jurors in New Haven, Connecticut on the sixth day of deliberations is a mixed result for prosecutors trying to crack down on...

  • NEW HAVEN, Conn., Jan 27- A federal jury found former Jefferies Group bond trader Jesse Litvak guilty for a second time for defrauding customers on bond prices, but acquitted him on nine of the 10 counts he faced. The verdict on Friday by jurors in New Haven, Connecticut on the sixth day of deliberations is a mixed result for prosecutors trying to crack down on...

  • BERLIN, Jan 27- German prosecutors are investigating former Volkswagen chief executive Martin Winterkorn on suspicion of fraud, looking into when he first knew that the carmaker was rigging diesel emissions tests. It is the second investigation into Winterkorn's role in the scandal by prosecutors in the German town of Braunschweig near Volkswagen's...

  • LONDON, Jan 27- Two London traders who conspired to defraud a Russian bank of more than 141 million pounds in a series of complex scams were sentenced on Friday to a total of 19 years in jail, police said on Friday. Georgy Urumov, 37, was jailed for 12 years and Vladimir Gersamia, 33, for seven years after being found guilty of multiple fraud offenses following a...

  • BERLIN, Jan 27- German prosecutors are investigating former Volkswagen chief executive Martin Winterkorn on suspicion of fraud, looking into when he first knew that the carmaker was rigging diesel emissions tests. It is the second investigation into Winterkorn's role in the scandal by prosecutors in the German town of Braunschweig near Volkswagen's...

  • NEW HAVEN, Conn., Jan 25- The U.S. jury weighing whether a former Jefferies Group LLC bond trader cheated his customers on bond prices signaled it may be near a verdict, despite being deadlocked on two of the 10 securities fraud counts the defendant faced. "I read it as if they have a partial verdict; I don't know that," Chief Judge Janet Hall told the defendant Jesse Litvak,...

  • Man on computer, hacking, cyber

    The value of alleged fraud cases reaching U.K. courts totaled more than $1.36 billion in 2016 according to a report from KPMG.

  • Fraud in China is on the up

    However, the silver lining is that fraud awareness has also increased among respondents, says Violet Ho at Kroll.

  • The decision in the Ontario Superior Court of Justice came after the company last year persuaded a federal appeals court to block enforcement of the judgment in the United States, which it says was obtained through bribery and fraud. The rulings dealt a blow to some Ecuadorian communities and American lawyer Steven Donziger, who has spent more than two decades...

  • NEW YORK, Jan 19- A former portfolio manager at Visium Asset Management LP was convicted of securities fraud on Thursday, following a trial that stemmed from a federal investigation that led to the New York- based hedge fund's closure last year. Stefan Lumiere, whose sister was married to Visium founder Jacob Gottlieb when he worked at the hedge fund, was found...

  • NEW YORK, Jan 19- A former Los Angeles investment banker once dubbed "Porn's New King" pleaded guilty on Thursday for the second time in a year to engaging in securities fraud, admitting to participating in a scheme that cheated investors and a Native American tribe. Jason Galanis, 46, entered his plea in Manhattan federal court to charges that included securities...

  • NEW YORK, Jan 19- A former portfolio manager at Visium Asset Management LP was convicted of securities fraud on Thursday, following a trial that stemmed from a federal investigation that led to the New York- based hedge fund's closure last year. Stefan Lumiere, whose sister was married to Visium founder Jacob Gottlieb when he worked at the hedge fund, was found not...

  • Jan 19- A federal appeals court rejected former Sentinel Management Group Inc chief Eric Bloom's bid to void his conviction and 14- year prison sentence over an estimated $666 million fraud that led to the demise of his suburban Chicago firm and a big writedown for Bank of New York Mellon Corp. The 7th U.S. Circuit Court of Appeals in Chicago on Thursday disagreed...

  • Under the deal, State Street entered into a deferred prosecution agreement with federal prosecutors in Boston and agreed to pay $32.3 million. Attorney William Weinreb in Boston said in a statement. The case followed a 2014 settlement between State Street and the UK Financial Conduct Authority in which the Boston- based bank paid a fine of £22.9 million for...

  • Jan 18- State Street Corp will pay more than $64 million to resolve U.S. investigations into what prosecutors said was a scheme to defraud six clients through secret commissions on billions of dollars of trades, authorities said on Wednesday. Under the deal, State Street entered into a deferred prosecution agreement with federal prosecutors in Boston and...