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Corporate Fraud

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  • AP Top Extended Financial Headlines At 9:52 a.m. EDT Tuesday, 16 Sep 2014 | 9:52 AM ET

    Lower gas, food costs keep US producer prices unchanged in August as inflation remains mild. Even as China's economy rises, its stocks' returns are hobbled by fraud and dodgy accounting US stocks slip lower in early trading ahead of two-day Federal Reserve meeting Allergan agrees to move forward with special shareholders meeting in December As Fed meets, speculation swirls over possible change in Fed language on timing of rate hike Sears borrows $400 million from a hedge fund run by its CEO Lampert Kremlin-friendly oligarch pays $1.5 billion for full control of popular social media network Hertz adding 3 candidates nominated by Icahn to its board UPS plans to hire up to 95,000 seasonal employees for holiday season Siga Technologies seeks Chapter 11 reorganization as it appeals court decision

  • AP Top Extended Financial Headlines At 9:50 a.m. EDT Tuesday, 16 Sep 2014 | 9:50 AM ET

    Lower gas, food costs keep US producer prices unchanged in August as inflation remains mild. Even as China's economy rises, its stocks' returns are hobbled by fraud and dodgy accounting US stocks slip lower in early trading ahead of two-day Federal Reserve meeting Allergan agrees to move forward with special shareholders meeting in December As Fed meets, speculation swirls over possible change in Fed language on timing of rate hike Sears borrows $400 million from a hedge fund run by its CEO Lampert Kremlin-friendly oligarch pays $1.5 billion for full control of popular social media network Hertz adding 3 candidates nominated by Icahn to its board UPS plans to hire up to 95,000 seasonal employees for holiday season Siga Technologies seeks Chapter 11 reorganization as it appeals court decision

  • AP Top Extended Financial Headlines At 9:48 a.m. EDT Tuesday, 16 Sep 2014 | 9:48 AM ET

    Lower gas, food costs keep US producer prices unchanged in August as inflation remains mild. Even as China's economy rises, its stocks' returns are hobbled by fraud and dodgy accounting US stocks slip lower in early trading ahead of two-day Federal Reserve meeting Allergan agrees to move forward with special shareholders meeting in December As Fed meets, speculation swirls over possible change in Fed language on timing of rate hike Sears borrows $400 million from a hedge fund run by its CEO Lampert Kremlin-friendly oligarch pays $1.5 billion for full control of popular social media network Hertz adding 3 candidates nominated by Icahn to its board UPS plans to hire up to 95,000 seasonal employees for holiday season Siga Technologies seeks Chapter 11 reorganization as it appeals court decision

  • AP Top Extended Financial Headlines At 9:46 a.m. EDT Tuesday, 16 Sep 2014 | 9:46 AM ET

    Lower gas, food costs keep US producer prices unchanged in August as inflation remains mild. Even as China's economy rises, its stocks' returns are hobbled by fraud and dodgy accounting US stocks slip lower in early trading ahead of two-day Federal Reserve meeting Allergan agrees to move forward with special shareholders meeting in December As Fed meets, speculation swirls over possible change in Fed language on timing of rate hike Sears borrows $400 million from a hedge fund run by its CEO Lampert Kremlin-friendly oligarch pays $1.5 B to gain full control of popular Russian social network Hertz adding 3 candidates nominated by Icahn to its board UPS plans to hire up to 95,000 seasonal employees for holiday season Siga Technologies seeks Chapter 11 reorganization as it appeals court decision

  • AP Top Extended Financial Headlines At 9:12 a.m. EDT Tuesday, 16 Sep 2014 | 9:12 AM ET

    Lower gas, food costs keep US producer prices unchanged in August as inflation remains mild. Even as China's economy rises, its stocks' returns are hobbled by fraud and dodgy accounting World stock markets sag ahead of potentially pivotal Federal Reserve meeting, Scotland vote Allergan agrees to move forward with special shareholders meeting in December Sears borrows $400 million from a hedge fund run by its CEO Lampert Kremlin-friendly oligarch pays $1.5 B to gain full control of popular Russian social network Hertz adding 3 candidates nominated by Icahn to its board Trump Plaza shuts down, becomes 4th Atlantic City casino to close this year US producer prices likely rose only slightly in August, latest sign of mild inflation Siga Technologies seeks Chapter 11 reorganization as it appeals court decision

  • AP Top Extended Financial Headlines At 9:08 a.m. EDT Tuesday, 16 Sep 2014 | 9:08 AM ET

    Lower gas, food costs keep US producer prices unchanged in August as inflation remains mild. Even as China's economy rises, its stocks' returns are hobbled by fraud and dodgy accounting World stock markets sag ahead of potentially pivotal Federal Reserve meeting, Scotland vote Allergan agrees to move forward with special shareholders meeting in December Sears borrows $400 million from a hedge fund run by its CEO Lampert Kremlin-friendly oligarch pays $1.5 B to gain full control of popular Russian social network Hertz adding 3 candidates nominated by Icahn to its board Trump Plaza shuts down, becomes 4th Atlantic City casino to close this year US producer prices likely rose only slightly in August, latest sign of mild inflation Siga Technologies seeks Chapter 11 reorganization as it appeals court decision

  • AP Top Extended Financial Headlines At 9 a.m. EDT Tuesday, 16 Sep 2014 | 9:00 AM ET

    Lower gas, food costs keep US producer prices unchanged in August as inflation remains mild. Even as China's economy rises, its stocks' returns are hobbled by fraud and dodgy accounting World stock markets sag ahead of potentially pivotal Federal Reserve meeting, Scotland vote Allergan agrees to move forward with special shareholders meeting in December Sears borrows $400 million from a hedge fund run by its CEO Lampert Kremlin-friendly oligarch pays $1.5 B to gain full control of popular Russian social network Hertz adding 3 candidates nominated by Icahn to its board Trump Plaza shuts down, becomes 4th Atlantic City casino to close this year US producer prices likely rose only slightly in August, latest sign of mild inflation Siga Technologies seeks Chapter 11 reorganization as it appeals court decision

  • AP Top Extended Financial Headlines At 8:44 a.m. EDT Tuesday, 16 Sep 2014 | 8:44 AM ET

    Even as China's economy rises, its stocks' returns are hobbled by fraud and dodgy accounting World stock markets sag ahead of potentially pivotal Federal Reserve meeting, Scotland vote Allergan agrees to move forward with special shareholders meeting in December Sears borrows $400 million from a hedge fund run by its CEO Lampert Kremlin-friendly oligarch pays $1.5 B to gain full control of popular Russian social network Hertz adding 3 candidates nominated by Icahn to its board Trump Plaza shuts down, becomes 4th Atlantic City casino to close this year US producer prices likely rose only slightly in August, latest sign of mild inflation Siga Technologies seeks Chapter 11 reorganization as it appeals court decision Beijing says deep sea rig that sparked standoff with Vietnam later found gas closer to China

  • AP Top Extended Financial Headlines At 8:36 a.m. EDT Tuesday, 16 Sep 2014 | 8:36 AM ET

    Even as China's economy rises, its stocks' returns are hobbled by fraud and dodgy accounting World stock markets sag ahead of potentially pivotal Federal Reserve meeting, Scotland vote Allergan agrees to move forward with special shareholders meeting in December Sears borrows $400 million from a hedge fund run by its CEO Lampert Kremlin-friendly oligarch pays $1.5 B to gain full control of popular Russian social network Hertz adding 3 candidates nominated by Icahn to its board Trump Plaza shuts down, becomes 4th Atlantic City casino to close this year US producer prices likely rose only slightly in August, latest sign of mild inflation Siga Technologies seeks Chapter 11 reorganization as it appeals court decision Beijing says deep sea rig that sparked standoff with Vietnam later found gas closer to China

  • AP Top Extended Financial Headlines At 8:28 a.m. EDT Tuesday, 16 Sep 2014 | 8:28 AM ET

    Even as China's economy rises, its stocks' returns are hobbled by fraud and dodgy accounting World stock markets sag ahead of potentially pivotal Federal Reserve meeting, Scotland vote Allergan agrees to move forward with special shareholders meeting in December Sears borrows $400 million from a hedge fund run by its CEO Lampert Kremlin-friendly oligarch pays $1.5 B to gain full control of popular Russian social network Hertz adding 3 candidates nominated by Icahn to its board Trump Plaza shuts down, becomes 4th Atlantic City casino to close this year US producer prices likely rose only slightly in August, latest sign of mild inflation Siga Technologies seeks Chapter 11 reorganization as it appeals court decision Beijing says deep sea rig that sparked standoff with Vietnam later found gas closer to China

  • AP Top Extended Financial Headlines At 8:26 a.m. EDT Tuesday, 16 Sep 2014 | 8:26 AM ET

    Even as China's economy rises, its stocks' returns are hobbled by fraud and dodgy accounting World stock markets sag ahead of potentially pivotal Federal Reserve meeting, Scotland vote Allergan agrees to move forward with special shareholders meeting in December Sears borrows $400 million from a hedge fund run by its CEO Lampert Kremlin-friendly oligarch pays $1.5 B to gain full control of popular Russian social network Trump Plaza shuts down, becomes 4th Atlantic City casino to close this year US producer prices likely rose only slightly in August, latest sign of mild inflation Siga Technologies seeks Chapter 11 reorganization as it appeals court decision Beijing says deep sea rig that sparked standoff with Vietnam later found gas closer to China Russia's ruble drops to all-time low amid fears over fallout from economic sanctions

  • 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's $16M fortune riles father's victims Friday, 12 Sep 2014 | 2:28 PM ET
    Andrew Madoff in 2011

    Andrew Madoff, the son of convicted financier Bernie Madoff, was worth $16 million prior to his death from lymphoma on Sept. 4.

  • Business leaders lash out against punitive damages Thursday, 11 Sep 2014 | 8:07 PM ET

    JEFFERSON CITY, Mo.— Missouri business leaders expressed alarm Thursday about a state Supreme Court ruling allowing unlimited punitive damages in a certain lawsuits. The court reinstated a $1 million punitive damage award to a Missouri woman who sued a car dealership for fraud.

  • Prosecutors in NYC indict 8 in stock fraud case Thursday, 11 Sep 2014 | 5:54 PM ET

    Anthony Thompson, 38, of Bethesda, Maryland, Jay Fung, 40, of Delray Beach, Florida, Hanna Schmieder, 39, of Los Angeles and Kenneth Oxsalida, 59, of Sebring, Florida, all pleaded not guilty before Judge Roger Hayes in in state Supreme Court in Manhattan.

  • 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.

  • He backed up a short bet; China jailed him for it Friday, 29 Aug 2014 | 12:00 AM ET
    Kun Huang, a Chinese-born Canadian citizen, who is back in Vancouver after spending two years in a Chinese jail, at his lawyer’s office in Vancouver, Canada, Aug. 22, 2014.

    His crime was contributing to research that led his employer to recommend short sales of Silvercorp Metals, a silver producer that is based in Canada but does its mining in China.