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Crime Corporate Fraud

  • CHICAGO, June 1- Thieves follow the money, and wealth accumulates as we age. She pioneered prosecution of these cases during 29 years as an assistant district attorney in the Manhattan District Attorney's Office. Almost one in five Americans over the age of 65 has been taken advantage of through inappropriate investments, unreasonably high fees for financial...

  • WASHINGTON, May 31- California lawmakers are making headway on legislation to allow state residents to sue financial institutions for fraud, rather than letting banks force customers to settle disputes in arbitration. The state Senate on Tuesday passed the bill, spurred by last year's Wells Fargo phantom accounts scandal. "Instead of allowing victims to have...

  • NEW YORK, May 30- A former managing director at broker-dealer Sterne Agee pleaded guilty on Tuesday to bribing a former portfolio manager at New York state's retirement fund in exchange for tens of millions of dollars' worth of business, federal prosecutors said. Deborah Kelley, 58, admitted that between 2014 and 2016, she paid bribes including entertainment,...

  • An EY Asia Pacific survey on fraud shows that millennials are the most willing group to excuse unethical behavior at work.

  • LONDON, May 25- Britain's Serious Fraud Office said on Thursday that Barclays and its former senior bankers will not know until around mid-June whether they face criminal charges over a 2008 emergency fundraising from Qatar. The bank already faces a proposed fine of around 50 million pounds for being "reckless" after the Financial Conduct Authority said it did...

  • LONDON, May 24- A London trial of six former Deutsche Bank and Barclays traders, charged with manipulating benchmark Euribor interest rates, has been delayed until next year. The UK Serious Fraud Office, which is prosecuting the case, said on Wednesday that the start of the trial had been postponed from September 4 until January. The latest case is the first to focus...

  • LONDON, May 24- A London trial of six former Deutsche Bank and Barclays traders, charged with manipulating benchmark Euribor interest rates, has been delayed until next year. The UK Serious Fraud Office, which is prosecuting the case, said on Wednesday that the start of the trial had been postponed from September 4 until January. The latest case is the first to focus...

  • LONDON, May 24- A London trial of six former Deutsche Bank and Barclays traders, charged with manipulating benchmark Euribor interest rates, has been delayed until next year. The UK Serious Fraud Office, which is prosecuting the case, said on Wednesday that the start of the trial had been postponed from September 4 until January. The latest case is the first to focus...

  • LONDON, May 24- A London trial of six former Deutsche Bank and Barclays traders, charged with manipulating benchmark Euribor interest rates, has been delayed until next year. The UK Serious Fraud Office, which is prosecuting the case, said on Wednesday that the start of the trial had been postponed from September 4 until January. The latest case is the first to focus...

  • BOSTON, May 23- A former Eaton Vance Corp portfolio manager pleaded guilty on Tuesday to an illegal options trading scheme that defrauded the company and allowed him to make $1.9 million in profits. Kevin Amell, who had been a vice president at the asset management company, pleaded guilty in Boston federal court to one count of securities fraud as part of a plea...

  • In recent years, the fund has been used to overhaul the SEC's information technology, including upgrades to the filing system for public companies and initiatives to help police fraud and track equities trading patterns. Congress does decide the SEC's $1.6 billion budget, but it is deficit neutral because the fees it collects from Wall Street firms are...

  • 83% of millennials won't work for unethical companies: EY

    Millennials are also more likely to justify offering cash to win business. Chris Fordham, EY Fraud Investigation & Dispute Services, explains EY's survey findings.

  • In recent years, the fund has been used to overhaul the SEC's information technology, including upgrades to the filing system for public companies and initiatives to help police fraud and track equities trading patterns. Congress does decide the SEC's $1.6 billion budget, but it is deficit neutral because the fees it collects from Wall Street firms are...

  • Vadym Iermolovych, 29, of Kiev, had been the first hacker to admit criminal wrongdoing, in what authorities have called the largest known hacking scheme to game financial markets, leading to more than $100 million of legal profit. District Judge Madeline Cox Arleo in Newark, New Jersey, one year after pleading guilty to conspiracy to commit wire fraud, conspiracy...

  • Vadym Iermolovych, 29, of Kiev, had been the first defendant to admit criminal wrongdoing, in what authorities have called the largest known hacking scheme to game financial markets, leading to more than $100 million of legal profit. District Judge Madeline Cox Arleo in Newark, New Jersey, one year after pleading guilty to conspiracy to commit wire fraud,...

  • *UK lawyer who reviewed Rolls-Royce completes trio. PARIS, May 22- Airbus has appointed an independent panel including two former ministers to examine its anti-corruption practices after Britain and France launched fraud and bribery investigations into the sale of jetliners. Europe's largest aerospace group said on Monday the three advisers, who include...

  • PARIS, May 22- Airbus has appointed an independent review panel including two former ministers to oversee its anti-corruption practices after Britain and France launched fraud and bribery investigations into the sale of jetliners. The European airplane maker said on Monday the three advisers, who include former German finance minister Theo Waigel and...

  • NEW YORK, May 19- A Virginia man who orchestrated a hoax takeover bid that drove up Fitbit Inc's stock price last November, yet made only about $3,000 for his efforts, has been arrested and charged with fraud, U.S. prosecutors said on Friday. Robert Walter Murray, 24, of Chesapeake, was accused of submitting a sham regulatory filing in which the nonexistent, Shanghai-...

  • NEW YORK, May 19- An elected official of a New York City suburb was convicted on Friday of what authorities have called the first criminal securities charges brought over municipal bonds, a spokesman for federal prosecutors said. Christopher St. Lawrence, the elected supervisor of Ramapo, New York, was convicted by jurors in federal court in White Plains, New York,...

  • NEW YORK, May 19- A Virginia man who orchestrated a hoax takeover bid that drove up Fitbit Inc's stock price last November, yet made only about $3,000 for his efforts, has been arrested and charged with fraud, U.S. prosecutors said on Friday. Robert Walter Murray, 24, of Chesapeake, was accused of submitting a sham regulatory filing in which the nonexistent, Shanghai-...