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Corporate Fraud

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  • US Feds open Banamex investigation: Report     Thursday, 3 Apr 2014 | 10:25 AM ET

    CNBC's Michelle Caruso-Cabrera reports Federal authorities have opened a criminal investigation into a recent $400 million fraud involving Citi's Banamex.

  • April 3- Federal authorities have opened an investigation into a $400 million fraud involving Citigroup's Mexican unit, the New York Times reported, citing people briefed on the matter.

  • U.S. Supreme Court could limit bank fraud law Tuesday, 1 Apr 2014 | 2:22 PM ET

    WASHINGTON, April 1- The U.S. Supreme Court on Tuesday appeared poised to limit the scope of a federal criminal law that targets people who defraud banks.

  • NEW YORK, April 1- News Corp and several top officials have won the dismissal of a U.S. lawsuit by shareholders who accused them of fraud for concealing illegal phone hacking at two of its British newspapers, according to a court decision made public on Tuesday.

  • NEW YORK, March 31- A New York judge has allowed Chevron Corp to sue Patton Boggs over claims that the Washington law and lobbying firm engaged in fraud while trying to enforce a multibillion-dollar environmental judgment for a group of Ecuadorean villagers.

  • NEW YORK, March 31- JPMorgan Chase& Co must face a lawsuit from shareholders accusing it of securities fraud by misleading them about its ability to manage risk, which surfaced when it lost $6.2 billion in the "London Whale" scandal.

  • SEC fraud trial over Texas tycoons to start Monday, 31 Mar 2014 | 8:53 AM ET
    Samuel Wyly in 2010

    The case, which dates back years, accuses Samuel Wyly and his late brother, Charles, engaged in a $550 million fraud.

  • NEW YORK, March 28- A New York judge on Friday unsealed the records of six former Dewey& LeBoeuf employees who.

  • NEW YORK, March 28- A New York judge on Friday unsealed the records of six former Dewey& LeBoeuf employees who.

  • LONDON, Mar 28- British fraud prosecutors began criminal proceedings against three former brokers from ICAP, the world's top interdealer broker, as the UK side of a global investigation into alleged rigging of crucial benchmark interest rates cranked up.

  • Britain charges former ICAP brokers over Libor rigging Friday, 28 Mar 2014 | 11:47 AM ET

    LONDON, Mar 28- British fraud prosecutors began criminal proceedings against three former brokers from ICAP, the world's top interdealer broker, as the UK side of a global investigation into alleged rigging of crucial benchmark interest rates cranked up.

  • L&L Energy, which has all of its operations in China and Taiwan, "created the false appearance that the company had a professional management team in place when in reality Dickson Lee was single-handedly controlling the company's operations," the SEC said.

  • Dewey& LeBoeuf's former chairman Steven Davis, 60, executive director Stephen DiCarmine, 57, chief financial officer Joel Sanders, 55, and client relations manager Zachary Warren, 29, were all criminally charged March 6 for the alleged use of accounting gimmicks and fraud to cheat banks and investors in a failed attempt to keep the law firm alive.

  • March 27- A federal judge has recommended dismissal of a U.S. government lawsuit accusing Bank of America Corp of defrauding investors into buying about $855 million of mortgage securities that soured during the financial crisis.

  • Ex-Dewey finance director admits accounting was false Thursday, 27 Mar 2014 | 4:02 PM ET

    Dewey& LeBoeuf's former chairman Steven Davis, 60, executive director Stephen DiCarmine, 57, chief financial officer Joel Sanders, 55, and client relations manager Zachary Warren, 29, were all criminally charged March 6 for the alleged use of accounting gimmicks and fraud to cheat banks and investors in a failed attempt to keep the law firm alive.

  • March 25- The former chief executive officer of Sentinel Management Group Inc was found guilty on Tuesday of defrauding customers out of more than $500 million before the suburban Chicago firm collapsed in August 2007, federal prosecutors said.

  • Ex-Sentinel CEO found guilty over $500 million fraud Tuesday, 25 Mar 2014 | 5:27 PM ET

    March 25- The former chief executive officer of Sentinel Management Group Inc was found guilty on Tuesday of defrauding customers out of more than $500 million before the Illinois- based firm collapsed in August 2007, federal prosecutors in Chicago said.

  • Former Vitesse executives avoid prison in fraud case Tuesday, 25 Mar 2014 | 5:22 PM ET

    NEW YORK, March 25- Two former executives at Vitesse Semiconductor Corp who became cooperating witnesses in the government's prosecution of the company's top management for inflating company earnings and backdating stock options were sentenced to time served Tuesday.

  • NEW YORK, March 24- Five former aides to investment manager Bernard Madoff were convicted on Monday of charges that they helped their boss conceal his multibillion-dollar Ponzi scheme for years.

  • NEW YORK, March 24- Five former aides to investment manager Bernard Madoff were convicted on Monday of charges that they helped their boss conceal his multibillion-dollar Ponzi scheme for years.

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