Corporate Fraud
featured
The government has moved in on Aeropostale's chief marketing officer, who set up shell companies that took millions in kickbacks. CNBC's Andrea Day has the details.
» Read More
More
-
NEW YORK, April 26- Three years after Fabrice Tourre became the face of a major U.S. regulatory action against Goldman Sachs Group Inc, a newly uncovered phone recording is giving the Securities and Exchange Commission ammunition in its fraud case against the former bond trader.
-
NEW YORK, April 26- Three years after Fabrice Tourre became the face of a major U.S. regulatory action against Goldman Sachs Group Inc, a newly uncovered phone recording is giving the Securities and Exchange Commission ammunition in its fraud case against the former bond trader.
-
*U.S. says Novartis sought to boost sales of drugs. *Novartis disputes claims, says will defend itself. NEW YORK, April 26- The U.S. government on Friday announced its second civil fraud lawsuit against Novartis AG in four days, accusing a unit of the Swiss drugmaker of paying multimillion-dollar kickbacks to doctors in exchange for prescribing its drugs.
-
*U.S. using FIRREA in pending cases against BofA, Wells Fargo. District Judge Lewis Kaplan made that ruling in a lawsuit against Bank of New York Mellon, which the Justice Department accuses of overcharging clients for trading currencies.
-
*BNY Mellon accused of overcharging clients. April 24- A federal judge said Wednesday the U.S. government can proceed with a lawsuit accusing Bank of New York Mellon Corp of overcharging clients for trading currencies, a case brought under a rarely-used financial fraud law.
-
*U.S. says Novartis sought to boost sales of Myfortic. *Novartis had no immediate comment. April 23- The U.S. government filed a civil fraud lawsuit against Novartis AG on Tuesday, accusing a unit of the Swiss drug maker of causing the Medicare and Medicaid programs to pay tens of millions of dollars in reimbursements based on fraudulent, kickback-tainted claims.
-
-Standard& Poor's asked a federal judge on Monday to dismiss a U.S. Justice Department civil suit against the rating agency, arguing the government's case is based on vague statements that cannot be used to prove fraud.
-
April 19- American International Group Inc won a legal victory over where a mortgage fraud lawsuit it brought against Bank of America Corp should be heard, a two-year-old case that has largely been on hold because of the dispute over venue.
-
April 19- American International Group Inc won a legal victory over where its $10 billion mortgage fraud lawsuit against Bank of America Corp should be heard, a two-year-old case that has largely been on hold because of the dispute over venue.
-
24 current and former IRS employees have been indicted for fraud, reports CNBC's Eamon Javers.
-
MILAN, April 18- Italian tax police descended on the Milan offices of JP Morgan on Thursday in search of documents in their investigation into suspected fraud at Monte dei Paschi bank, as a scandal rocking Italian finance spreads to foreign banks doing business there.
-
NEW YORK, April 11- As investors Carl Icahn and William Ackman bickered loudly on TV earlier this year about their opposing bets on Herbalife, two other men were discussing the company in a different context: getting non-public information to trade ahead of the stock's next move.
-
Prosecutors charged Scott London, the Los Angeles- based auditor, with one count of conspiracy to commit securities fraud for giving Brian Shaw, a jeweler, information about public companies including, Herbalife, Skechers and Deckers Outdoor Corporation.
-
April 11- U.S. prosecutors in California filed criminal charges against Scott London, a former senior auditor at KPMG in Los Angeles, of conspiracy to commit securities fraud for passing nonpublic information about three companies to a friend who traded on it. The U.S. Securities and Exchange Commission filed a corresponding civil complaint against London.
-
WASHINGTON, April 4- The U.S. Justice Department is again testing the reach of a once-dormant civil fraud law, applying it to money laundering after reviving it recently for cases tied to the financial crisis. In November, the Justice Department brought its first money-laundering case using FIRREA, in a lawsuit against the First Bank of Delaware.
-
NEW YORK, April 3- Ex-Goldman Sachs Group Inc trader Matthew M. Taylor pleaded guilty on Wednesday to defrauding the Wall Street bank with an unauthorized $8.3 billion futures trade in 2007, saying he exceeded internal risk limits and lied to supervisors to cover up his activities.
-
CNBC's Scott Cohn reports the former Enron CEO may be working on an agreement to leave prison earlier than expected. And Sherron Watkins, former Enron whistleblower, reacts to the news Skilling may strike a deal.
-
In an exclusive report, CNBC's Scott Cohn has learned the former CEO of Enron may be getting out of prison much earlier than expected.
-
Under the terms of a possible agreement, Jeffrey Skilling could be getting out of prison much earlier than expected, reports CNBC's Scott Cohn. (4:29)
-
SAN FRANCISCO, April 3- A U.S. judge has rejected efforts by Chevron Corp to secure documents from a California environmental advocacy group in a fraud case related to a $19 billion award for rainforest pollution in Ecuador.