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Crime Corporate Fraud

  • 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...

  • WASHINGTON, Jan 17- Rolls-Royce Plc agreed to pay authorities more than $800 million to resolve charges of bribing officials in six countries in schemes that lasted more than a decade, the U.S. Justice Department and UK Serious Fraud Office said in statements on Tuesday. The company admitted to paying officials at state-run energy companies in Kazakhstan,...

  • WASHINGTON, Jan 17- Rolls-Royce Plc agreed to pay authorities more than $800 million to resolve charges of bribing officials in six countries in schemes that lasted more than a decade, the U.S. Justice Department and U.K. Serious Fraud Office said in statements Tuesday. The company admitted to paying officials at state-run energy companies in Kazakhstan,...

  • NEW HAVEN, Conn., Jan 17- Jury deliberations in the federal fraud case against a former Jefferies Group bond trader were put on hold unexpectedly on Tuesday, after an alternate juror died following a heart attack and another juror was injured in a car accident over the holiday weekend. Gasps filled the New Haven, Connecticut courtroom of Chief Judge Janet Hall as...

  • Tellers serve customers at the Wells Fargo bank in downtown Denver.

    Wells Fargo CFO and CNBC Global CFO Council John Shrewsberry discusses the company's fake-accounts scandal, growth and outlook.

  • WASHINGTON, Jan 13- The U.S. Supreme Court agreed on Friday to hear a case involving a New Mexico- based investment adviser that has the potential to limit the Securities and Exchange Commission's powers to recover illegal profits reaped by fraud or other wrongdoing. The court will hear an appeal filed by investment adviser Charles Kokesh, who was sued by the SEC...

  • NEW HAVEN, Conn., Jan 13- The fate of a former Jefferies Group bond trader being tried a second time for defrauding clients is heading to a jury, after prosecutors and the defense battled over whether he told his customers "lies" or merely employed sales "banter" they knew to shrug off. Attorney Jonathan Francis told a federal jury in New Haven, Connecticut in his closing...

  • JUSTICE DEPARTMENT CONFIRMS TAKATA CORP WILL PLEAD GUILTY TO WIRE FRAUD, AGREES TO $1 BLN SETTLEMENT: PLEA AGREEMENT.

  • NEW HAVEN, Conn., Jan 13- A former Jefferies Group bond trader being tried a second time on charges of defrauding clients about prices of mortgage bonds should be convicted because he lied repeatedly to his own customers to boost profits, a U.S. prosecutor argued on Friday. Attorney Jonathan Francis told a federal jury in New Haven, Connecticut in his closing...

  • JUSTICE DEPT CHARGES TAKATA CORP WITH WIRE FRAUD IN CONNECTION WITH AIR BAG INFLATOR INVESTIGATION- COURT DOCUMENT.

  • NEW HAVEN, Conn., Jan 13- A former Jefferies Group Inc bond trader being tried a second time for defrauding clients about prices of mortgage bonds should be convicted because he lied repeatedly to his own customers to boost profits, a U.S. prosecutor argued on Friday. Attorney Jonathan Francis told a federal jury in New Haven, Connecticut in his closing argument as...

  • Shinichi Tanaka, Hideo Nakajima and Tsuneo Chikaraishi, longtime Takata executives who left the company in 2015, were indicted on wire fraud and conspiracy charges for allegedly convincing automakers to buy "faulty, inferior, non-performing, non-compliant or dangerous inflators" through false reports. Attorney Barbara McQuade in Detroit will hold a press...

  • Shinichi Tanaka, Hideo Nakajima and Tsuneo Chikaraishi, longtime Takata executives who left the company in 2015, were indicted on wire fraud and conspiracy charges for allegedly convincing automakers to buy "faulty, inferior, non-performing, non-compliant or dangerous inflators" through false reports. Attorney Barbara McQuade in Detroit will hold a press...

  • Shinichi Tanaka, Hideo Nakajima and Tsuneo Chikaraishi, longtime Takata executives who left the company in 2015, were indicted on wire fraud and conspiracy charges for allegedly convincing automakers to buy "faulty, inferior, non-performing, non-compliant or dangerous inflators" through false reports. Attorney Barbara McQuade in Detroit will hold a press...

  • BRASILIA, Jan 13- The Prosecutors General of Brazil and Peru on Friday signed an agreement to increase cooperation between the two countries in the "fight against corruption" as probes into bribery and fraud involving Brazilian companies spread to other Latin American countries where they operate. "We will establish dialogue and the transmission of...

  • BRASILIA, Jan 13- The Prosecutors General of Brazil and Peru on Friday signed an agreement to increase cooperation between the two countries in the "fight against corruption" as probes into bribery and fraud involving Brazilian companies spread to other Latin American countries where they operate. "We will establish dialog and the transmission of...

  • BRASILIA, Jan 13- The Prosecutors General of Brazil and Peru on Friday signed an agreement to increase cooperation between the two countries in the "fight against corruption" as probes into bribery and fraud involving Brazilian companies spread to other Latin American countries where they operate. "We will establish dialog and the transmission of...

  • BRASILIA, Jan 13- The Prosecutors General of Brazil and Peru on Friday signed an agreement to increase cooperation between the two countries in the "fight against corruption" as probes into bribery and fraud involving Brazilian companies spread to other Latin American countries where they operate. "We will establish dialogue and the transmission of...