NEW YORK, Sept 29- Avon Products Inc on Monday won the dismissal of a securities fraud lawsuit accusing the cosmetics company of concealing its inability to stop workers from bribing officials in China to win business there.» Read More
NEW YORK, Sept 25- Texas tycoon Sam Wyly and his late brother Charles' estate must pay $187.7 million to the U.S. Securities and Exchange Commission for a fraudulent offshore scheme, a U.S. judge said on Thursday.
Babak "Bobby" Yazdani, who founded Saba in 1997 and resigned as chief executive in March 2013, was not charged with misconduct over the scheme, which involved falsified time-sheets by consultants at an Indian subsidiary, the SEC said.
SEATTLE— The chief executive officer of a China- based energy company pleaded guilty Tuesday to two counts of securities fraud. Dickson Lee, head of L&L Energy, pleaded to one count of reporting false information to the U.S. Security and Exchange Commission.
A U.S. court has shut down Butterfly Labs, a Missouri company the FTC alleges deceptively marketed computers designed to produce bitcoins.
The SEC is announcing the largest ever whistleblower award of $30 million, reports CNBC's Eamon Javers.
Sept 18- Bank of Montreal was sued on Thursday by a trustee liquidating two Florida funds that claimed to have lost money in a Ponzi scheme operated by Minnesota businessman Thomas Petters.
MIAMI— The Securities and Exchange Commission has obtained a court order freezing the assets of an alleged South Florida fraud scheme operated out of the Turks and Caicos Islands. The SEC said Wednesday the assets of Abatement Corp. Holding Company Ltd. have been frozen.
WASHINGTON, Sept 17- Wall Street whistleblowers who provide U.S. prosecutors with evidence of financial fraud should get larger rewards for their efforts, U.S. Attorney General Eric Holder plans to say in a speech on Wednesday, according to a Justice Department official.
According to the SEC, AgFeed's Chinese management kept two sets of books- a real one and a fake one to present to investors. The case has garnered some attention because the SEC also charged the company's former U.S.-based independent audit committee chairman, a rare move by the agency.
Andrew Madoff, the son of convicted financier Bernie Madoff, was worth $16 million prior to his death from lymphoma on Sept. 4.
NEW YORK, Sept 10- Accounting firms PricewaterhouseCoopers and Crowe Horwath must face a lawsuit accusing them of professional malpractice and breach of contract for not catching a fraud that led to the 2009 collapse of Colonial Bank, a federal judge has ruled.
LONDON, Sept 9- The British subsidiary of French train and turbine maker Alstom paid around $8.5 million in bribes over a six-year period to win transport contracts in India, Poland and Tunisia, Britain's leading fraud prosecutor alleged on Tuesday.
NEW YORK, Sept 5- An American International Group Inc unit sued a company headed by Philadelphia philanthropist Alan Buerger, accusing it of a $150 million fraud involving life insurance policies sold by elderly individuals in exchange for a quick payment. Coventry is the "leader and creator" of the life settlement industry, according to its website.
Soren Aandahl, Director of Research at Glaucus Research, discusses the report by Anonymous Analytics which accused Tianhe Chemicals of overstating its revenue and profits.
NEW YORK, Aug 28- Bank of America Corp on Thursday asked a federal judge to throw out a jury verdict finding it liable for fraud over defective mortgages sold by its Countrywide unit that resulted in a $1.27 billion penalty.
The 2008 lawsuit against Philip Morris, an Altria Group Inc company, concerns cigarette sales to the Navy Exchange Service Command and the Army and Air Force Exchange Service, both of which operate facilities that sell products to military personnel and their families.
James Stewart of The New York Times, discusses his column about Hewlett-Packard's shadowy deal with Autonomy.
Aug 20- TV broadcaster Al Jazeera rejected allegations of fraud and breach of contract leveled by Al Gore and Joel Hyatt over their sale of Current TV to the Middle East- based company in 2013..
Al Jazeera on Tuesday rejected allegations from Al Gore and Joel Hyatt, saying they were false and potentially misleading.
LONDON, Aug 14- Britain's fraud prosecutor could decide as soon as next month whether to charge former Barclays executives over undisclosed payments the bank made to Qatari investors in 2008, three sources familiar with the investigation said.