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Crime Corporate Fraud

  • 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...

  • LONDON, June 21- British Prime Minister Theresa May on Wednesday left plans to abolish the Serious Fraud Office out of her government's two-year programme in an omission lawyers said could signal an end to the controversial pledge. May's Conservative party pledged in policy proposals before a June 8 election to fold the SFO, which prosecutes high-level fraud...

  • TEL AVIV, June 21- Israel's markets regulator said on Wednesday that it suspected the chairman of Bezeq Israel Telecom of fraud after it opened an investigation into the country's largest telecom group. The Israel Securities Authority raided the company's offices on Tuesday as part of an investigation into Chairman Shaul Elovitch and other executives over...

  • LONDON, June 20- Criminal charges over Barclays' fundraising in the 2008 financial crisis add to the bank's legal battles in key markets just as rivals are leaving their troubles from that period behind. Barclays is facing 21 regulatory investigations and civil actions mainly in the United States and Britain, its 2016 annual report showed.

  • LONDON, June 20- Britain's Serious Fraud Office has defied critics who accuse it of failing to pursue top executives by criminally charging Barclays and four former senior managers, a month after the government pledged to abolish the crime-fighting agency. Prime Minister Theresa May's ruling Conservatives pledged in the election manifesto to fold the...

  • *Bank made $3.0 billion loan to Qatar during fund raising. Britain's Serious Fraud Office charged Barclays Plc, former chief executive John Varley, Roger Jenkins, Tom Kalaris and Richard Boath with conspiracy to commit fraud and unlawful financial assistance in its first criminal prosecution of a bank and senior managers over events during the credit crisis.

  • June 19- Former drug company executive Martin Shkreli should reveal more about his finances if he wants his $5 million bail cut to $2 million, a Brooklyn federal judge said Monday, a week before Shkreli is set to face trial on securities fraud charges. Lawyers for Shkreli, who drew public outrage after raising the price of a life-saving drug 5,000 percent when he...

  • LONDON, June 16- Britain's Serious Fraud Office is to announce on Tuesday whether it will bring criminal charges against Barclays and some of its former senior executives over a 2008 emergency fundraising from Qatar, according to a person familiar with the plans. Qatar Holding, part of the Qatar Investment Authority sovereign wealth fund, and Challenger, an...

  • June 14- A former portfolio manager at Visium Asset Management LP was sentenced to 18 months in prison on Wednesday following his conviction on securities fraud charges stemming from an investigation that led the New York- based hedge fund to close last year. District Judge Jed Rakoff in Manhattan federal court, according to federal prosecutors.

  • June 14- A former portfolio manager at Visium Asset Management LP was sentenced to 18 months in prison on Wednesday following his conviction on securities fraud charges stemming from an investigation that led the New York- based hedge fund to close last year. District Judge Jed Rakoff in Manhattan federal court, according to federal prosecutors.

  • NEW YORK, June 14- Wall Street financier Benjamin Wey persuaded a federal judge to suppress all evidence seized in U.S. government searches of his home and offices, in a setback for prosecutors who charged him with fraud over Chinese "reverse mergers." District Judge Alison Nathan said "blanket suppression" was necessary because "sweeping" January 2012 searches of...

  • Christopher Wray

    Trump's pick for FBI director, Christopher Wray, led the Enron Task Force and represented Chris Christie during Bridgegate.

  • Edward Pennings, a former senior managing director in State Street's London office, has agreed to plead guilty to one court of conspiring to commit wire fraud and securities fraud, according to a plea agreement filed in federal court in Boston. In addition, Richard Boomgaardt, who was head of State Street's transition management desk for Europe, the Middle East...

  • BOSTON, June 6- A former State Street Corp executive has agreed to plead guilty in connection with a scheme to defraud six clients through secret commissions on billions of dollars of trades, according to court papers filed on Tuesday. Edward Pennings, a former senior managing director in State Street's London office, has agreed to plead guilty to one court of...

  • Elizabeth Gurrieri, a former manager of reimbursement services for Arizona- based Insys, will plead guilty to one count of wire fraud conspiracy, prosecutors said in a letter filed in Boston federal court on Monday. The Queen Creek, Arizona resident's agreement to cooperate came as Insys works to reach a settlement with the U.S. Justice Department in connection...

  • NEW YORK, June 2- New York's top prosecutor on Friday accused Exxon Mobil of misleading investors about how it accounts for climate change risks, court filings show, offering a rare look inside an ongoing fraud investigation as it pressed the company to turn over more documents. Attorney General Eric Schneiderman said in a court filing he had evidence of "...

  • *PM could make Amber Rudd finance minister- Telegraph. LONDON, June 2- British Prime Minister Theresa May's once formidable lead has been eroded to a slender advantage, an opinion poll indicated on Friday as her campaign was dealt a blow when one of her candidates was charged with electoral fraud. With less than a week before polling day on Thursday, May's...

  • TORONTO, June 1- The head of Canada's housing agency, whose responsibilities include maintaining the stability of the country's housing market, said on Thursday there was no evidence of widespread fraud in Canada's mortgage industry. Home Capital, one of Canada's biggest mortgage lenders, has scaled back on lending to focus on repairing its balance sheet...

  • NEW YORK, June 1- A dual Nigerian and British national has been charged with defrauding financial institutions out of more than $300 million by falsely representing his company as a thriving international oil and gas venture to obtain loans. Raheem Brennerman, chief executive officer of Blacksands Pacific Group Inc, was charged with bank fraud, wire fraud and...

  • TORONTO, June 1- The head of Canada's housing agency, whose responsibilities include maintaining the stability of the country's housing market, said on Thursday there was no evidence of widespread fraud in Canada's mortgage industry. Home Capital, one of Canada's biggest mortgage lenders, has scaled back on lending to focus on repairing its balance sheet...