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Crime Corporate Fraud

  • *Verdicts bring Libor acquittals in UK to eight. LONDON, April 6- Two former junior Barclays traders have been unanimously acquitted by a London jury of conspiring to rig Libor benchmark interest rates in a blow to the UK Serious Fraud Office. Ryan Reich, a 35- year-old American, and Greek national Stylianos Contogoulas, 45, walked free after their second trial on a...

  • LONDON, April 6- Two former Barclays traders were acquitted by a jury on Thursday of conspiring to rig benchmark interest rates. Ryan Reich, a 35- year-old American, and Greek national Stylianos Contogoulas, 45, walked free after their second trial on a charge of conspiracy to defraud. The Serious Fraud Office had alleged Reich and Contogoulas plotted with other...

  • LONDON, April 6- Two former Barclays traders were on Thursday acquitted by a jury of conspiring to rig crucial benchmark interest rates. Ryan Reich, a 35- year-old American, and Greek national Stylianos Contogoulas, 45, walked free after their second trial on a charge of conspiracy to defraud. The Serious Fraud Office had accused Reich and Contogoulas of...

  • NEW YORK, April 4- New York state's highest court on Tuesday rejected Facebook Inc's challenge to 381 search warrants to uncover suspected widespread Social Security disability fraud by its customers. By a 5-1 vote, the Court of Appeals said it lacked jurisdiction to hear Facebook's appeal over warrants obtained by the office of Manhattan District Attorney...

  • LONDON, March 29- The English High Court on Wednesday dismissed an attempt by oil and gas services group Unaoil and the wealthy Ahsani family to force the UK Serious Fraud Office to return or destroy material collected during raids in Monaco last year. Unaoil Chairman Ata Ahsani, former chief executive Cyrus and chief operating officer Saman are British...

  • March 28- Signet Jewelers Ltd has been hit with a securities fraud class action lawsuit, accusing the retailer of failing to disclose facts regarding sexual harassment allegations against executives at its Sterling Jewelers unit, court documents showed. The lawsuit, filed on Tuesday in Dallas federal court by Irving Firemen's Relief& Retirement Fund,...

  • LONDON, March 28- Britain's biggest retailer Tesco has agreed to pay 214 million pounds in fines and compensation for investors to settle a probe over a 2014 accounting fraud that sparked the biggest crisis in its near 100- year history. The 85 million pounds in compensation earmarked for investors is the first time that Britain's Financial Conduct Authority...

  • LONDON, March 28- Britain's biggest retailer Tesco has agreed to pay a $162 million fine plus compensation to settle an investigation over a 2014 accounting fraud that sparked the biggest crisis in the company's near 100- year history. The supermarket group has struck a so-called deferred prosecution agreement with Britain's Serious Fraud Office, enabling...

  • LONDON, March 28- Britain's biggest retailer Tesco has agreed to pay a 129 million pound fine to settle an investigation by prosecutors over a 2014 accounting fraud, it said on Tuesday. The DPA- in which a company can admit to and settle any alleged offending with a fine if a judge agrees- relates to false accounting by Tesco's UK business between February 2014 and...

  • VILNIUS/ TAIPEI, March 28- Taiwan- based electronics manufacturer Quanta Computer Inc has acknowledged that its name was used as part of an email fraud scheme that bilked two U.S.-based internet companies out of more than $100 million. He was arrested this month in Lithuania at the request of U.S. authorities and is currently in jail there. Rimasauskas' alleged...

  • SAO PAULO, March 24- A police inquiry into corruption and unsanitary conditions in Brazil's powerful meatpacking industry contains more than 8,000 pages of evidence suggesting systematic fraud, not just isolated abuses, said three sources with direct knowledge of the probe. Brazil's meat sector, facing suspensions from over a dozen of the more than 150...

  • SAO PAULO, March 24- A police inquiry into corruption and unsanitary conditions in Brazil's powerful meatpacking industry contains more than 8,000 pages of evidence suggesting systematic fraud, not just isolated abuses, said three sources with direct knowledge of the probe. Brazil's meat sector, facing suspensions from over a dozen of the more than 150...

  • SAO PAULO, March 24- A police inquiry into corruption and unsanitary conditions in Brazil's powerful meatpacking industry contains more than 8,000 pages of evidence suggesting systematic fraud, not just isolated abuses, said three sources with direct knowledge of the probe. Brazil's meat sector, facing suspensions from over a dozen of the more than 150...

  • SAO PAULO, March 24- A police inquiry into corruption and unsanitary conditions in Brazil's powerful meatpacking industry contains more than 8,000 pages of evidence suggesting systematic fraud, not just isolated abuses, said three sources with direct knowledge of the probe. Brazil's meat sector, facing suspensions from over a dozen of the more than 150...

  • PARIS, March 24- The European Investment Bank has asked French investigators to find out whether 800 million euros of EU-backed loans to Renault could have been used to develop test-cheating diesel engines, according to documents seen by Reuters. The European Union lending arm wrote to judges leading a fraud investigation into preliminary findings that...

  • BOSTON, March 22- A Massachusetts man was sentenced to six years in prison on Wednesday after pleading guilty to helping to run what prosecutors called a global. James Merrill, the former president of TelexFree Inc, was sentenced by U.S. The sentence was confirmed by a spokeswoman for the U.S. Attorney's Office in Massachusetts.

  • NEW YORK, March 21- U.S. prosecutors have charged a Lithuanian man with engaging in an email fraud scheme in which he bilked two U.S.-based companies out of more than $100 million by posing as an Asian hardware vendor. The Federal Bureau of Investigation said last June that since October 2013, U.S. and foreign victims have made 22,143 complaints about business...

  • NEW YORK, March 21- A New York energy investor was sentenced to five years and 10 months in prison on Tuesday after he pleaded guilty to engaging in a years-long scheme to avoid more than $45 million in income and other taxes. District Judge Analisa Torres in Manhattan federal court, according to federal prosecutors. Prosecutors said Zukerman schemed to evade...

  • JAKARTA, March 21- Indonesian police said on Tuesday Interpol has issued red notices, the closest to an international arrest warrant, for three Chinese executives suspected of fraud linked to a more than $800 million Sinopec oil terminal development in Indonesia. Indonesian authorities filed a request for Interpol assistance on Feb. 21 regarding the three...

  • JAKARTA, March 21- Indonesian police said on Tuesday Interpol has issued red notices, the closest to an international arrest warrant, for three Chinese executives suspected of fraud linked to a more than $800 million Sinopec oil terminal development in Indonesia. Indonesian authorities filed a request for Interpol assistance on Feb. 21 regarding the three...