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Crime Corporate Fraud

  • 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...

  • 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.