Crime Embezzlement

  • NEW YORK, Nov 18- A former JPMorgan Chase& Co executive who spent eight years on the run in Argentina pleaded guilty on Friday to U.S. charges that he embezzled $5.4 million from clients at the bank and at a prior employer, UBS AG. He was extradited in June from Argentina. The 48- year-old citizen of Argentina faces a mandatory-minimum two-year prison sentence and a...

  • Nov 10- College e-learning firm ChinaCast Education Corp said it has filed for Chapter 11 bankruptcy to pursue claims of embezzlement against former executives while shielding itself from a class action lawsuit by investors. Wednesday's filing with the U.S. Bankruptcy Court in New York came a day after a U.S. District Court in Los Angeles awarded ChinaCast...

  • Nov 10- College e-learning firm ChinaCast Education Corp said it has filed for Chapter 11 bankruptcy to pursue claims of embezzlement against former executives while shielding itself from a class action lawsuit by investors. Wednesday's filing with the U.S. Bankruptcy Court in New York came a day after a U.S. District Court in Los Angeles awarded ChinaCast...

  • BRASILIA, July 4- Brazil's federal police served five arrest warrants and conducted search and seizure operations in three states on Monday, in the latest round of a sweeping corruption probe around state-run oil firm Petroleo Brasileiro SA. Part of the funds allegedly embezzled were directed to the leftist Workers Party, the ruling party in Brazil from 2003...

  • June 28- A former accountant for Gottex Fund Management Holdings Ltd has been criminally charged with embezzling nearly $3.4 million over a four-year period from the Swiss hedge fund firm. Gary Tiffany, 32, was arrested on Monday and charged in a criminal complaint filed in a federal court in Boston with bank fraud, wire fraud and engaging in illegal monetary...

  • NEW YORK, June 23- A former JPMorgan Chase& Co executive indicted eight years ago for allegedly embezzling about $5.4 million from clients at the bank and at prior employer UBS AG pleaded not guilty on Thursday after being extradited from Argentina. Hernan Arbizu, who fled to Argentina where he became involved in a tax-evasion probe involving the bank, entered...

  • 1MDB board of advisers to be dissolved

    Malaysia's finance ministry announces its decision to dissolve the board of advisers at 1Malaysia Development Berhad.

  • rita-crundwell-200.jpg

    Federal prosecutors say a horse breeder, who was the comptroller of Dixon, Ill., stole more than $30 million from the town since 2006.

  • It’s not tax time just yet, but it’s looming uncomfortably on the horizon. The conscientious among us have already filed their tax forms or are in the process of doing so. The rest of us hem, haw and put it off until the last minute.Apart from the punctual and the lackadaisical, another category of taxpayer exists: The taxpayer who, for one reason or another, has failed to accurately disclose all of his or her earnings. Sometimes this is a simple mistake. Sometimes it’s the accountant’s fault. S

    Some celebrities, including Lauryn Hill, fell out of good standing with the IRS, and paid dearly for it. Read ahead to see some of the celebrities who just didn’t get that return in on time.

  • golf clubs

    In China, courses such as the 36-hole Qinghe Bay Country Sports Club, located within view of the Olympic Bird’s Nest stadium in Beijing, reflect surging private fortunes. But facilities such as this have also become a potent symbol of the hypocrisy and corruption inherent in Communist party rule. The FT reports.

  • Rail attendants pose with the Chinese high-speed trains at a station in Shanghai on October 26, 2010, prior to the launch of the Shanghai to Hangzhou line. China's latest new high-speed passenger rail line went into service, halving travel time to 45 minutes between Shanghai and the eastern lake city of Hangzhou, officials said. CHINA OUT AFP PHOTO (Photo credit should read STR/AFP/Getty Images)

    China’s high-speed railway system, the largest-ever transportation infrastructure project in history, is presenting opportunities for global investors, says Jerry Lou, China Strategist at Morgan Stanley.

  • Lenny Dykstra

    Lenny Dykstra, an outfielder for the New York Mets and Philadelphia Phillies known by the nickname "Nails," has been indicted for bankruptcy fraud and embezzlement from the bankruptcy estate.

  • Workers assist at a construction site of the Chengdu-Dujiangyan railway.

    Investigators have found evidence that nearly $30 million of funds budgeted for China’s Beijing-Shanghai high-speed rail line was misappropriated last year, in another blow to the country’s scandal-plagued high-speed rail sector. The FT reports.