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Crime Corporate Fraud

  • 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 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...

  • NEW YORK, Jan 12- Japan's Takata Corp is expected to plead guilty to fraud charges as early as Friday as part of a $1 billion settlement with the U.S. Justice Department over its handling of air bag ruptures linked to 16 deaths worldwide, sources said. The settlement includes a $25 million criminal fine, $125 million in victim compensation and $850 million to...

  • NEW YORK, Jan 12- Japanese auto parts manufacturer Takata Corp is expected to agree to plead guilty to fraud charges as early as Friday as part of a $1 billion settlement with the U.S. Justice Department to resolve the government's investigation into deadly air bag ruptures, sources said. The settlement is also expected to include restitution to some victims and...

  • District Judge Katherine Polk Failla in Manhattan to pay a $10,000 fine and jointly with the plumber forfeit $76,000 after pleading guilty in July to conspiracy and securities fraud charges. In court, McClatchey saying he had provided the insider tips to ingratiate himself with the plumber, Gary Pusey, in hopes of getting a "simpler, less stressful" job outside...

  • MIAMI/ DETROIT Jan 9- Volkswagen AG suffered a new setback on Monday when an executive was charged with conspiracy to defraud the United States over the company's diesel emissions cheating and the automaker was accused of concealing the cheating from regulators. Oliver Schmidt, who was general manager in charge of VW's environmental and engineering office...

  • MIAMI/ DETROIT Jan 9- Volkswagen AG suffered a new setback on Monday when an executive was charged with conspiracy to defraud the United States over the company's diesel emissions cheating and the automaker was accused of concealing the cheating from regulators. Oliver Schmidt, who was general manager in charge of VW's environmental and engineering office...

  • DETROIT, Jan 9- Volkswagen AG suffered a new setback on Monday when an executive was charged with conspiracy to defraud the United States over the company's diesel emissions scandal and the automaker was accused of concealing the scandal from regulators. Oliver Schmidt, who was general manager in charge of VW's environmental and engineering office in...

  • NEW YORK, Jan 9- A former portfolio manager at Visium Asset Management LP is scheduled to face trial on U.S. charges stemming from an investigation that led to the New York- based hedge fund's closure last year. Jury selection is set to begin on Wednesday in Manhattan federal court in the case of Stefan Lumiere, Visium founder Jacob Gottlieb's former...

  • WASHINGTON, Jan 4- Volkswagen AG and former Chief Executive Officer Martin Winterkorn must defend an investor lawsuit in California over the company's diesel emissions cheating scandal, a U.S. judge ruled on Wednesday. District Judge Charles Breyer also rejected a request by VW brand chief Herbert Diess to have the proposed securities fraud lawsuits tossed...

  • The German bank hid tax liabilities from the Internal Revenue Service in 2000.

  • NEW YORK, Jan 4- A former portfolio manager at New York state's retirement fund pleaded not guilty on Wednesday to charges that he steered $2 billion in trades to two brokerages in exchange for bribes that included vacations, cocaine and prostitutes. The Common Retirement Fund is the investment arm of the New York State and Local Employees' Retirement System and...

  • Iat Hong, a 26- year-old Macau resident,, was arrested on Sunday in Hong Kong and charged along with Bo Zheng, of Changsha, China, and Chin Hung of Macau, with engaging in conspiracies to commit insider trading, wire fraud and computer intrusion in an indictment filed in federal court in Manhattan. Attorney Preet Bharara in Manhattan said in a statement the case "...

  • Iat Hong, Bo Zheng and Chin Hung were charged in an indictment filed in Manhattan federal court with engaging in conspiracies to commit insider trading, wire fraud and computer intrusion.