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Crime Investment Fraud

  • The prosecutors in Anshan, northern China decided not to bring charges of fraudulent collection of funds against the businessman, named David Byrne, because they did not have enough evidence, according to an official order seen by Reuters. Reuters reported last year how the venture, known as EuroFX, allegedly scammed thousands of investors in China and other...

  • NEW YORK, May 8- A Manhattan jury on Monday convicted a former top executive of the now-defunct U.S. law firm Dewey& LeBoeuf of defrauding investors while acquitting another executive, roughly 19 months after an earlier trial ended with a hung jury. The former CFO, Joel Sanders, was convicted in Manhattan state court of securities fraud and conspiracy charges.

  • ISLAMABAD, April 27- Pakistan's financial regulator is escalating investigations against stockbrokers in a campaign to curb insider trading and illegal leveraging in the stock market, its executive director said in an interview. Pakistan's benchmark stocks index was one of the world's best performing last year and has returned more than 900 percent since...

  • ISLAMABAD, April 27- Pakistan's financial regulator is escalating investigations against stockbrokers in a campaign to curb insider trading and illegal leveraging in the stock market, its executive director said in an interview. Pakistan's benchmark stocks index was one of the world's best performing last year and has returned more than 900 percent since...

  • ISLAMABAD, April 27- Pakistan's financial regulator is escalating investigations against stockbrokers in a campaign to curb insider trading and illegal leveraging in the stock market, its executive director said in an interview. Pakistan's benchmark stocks index was one of the world's best performing last year and has returned more than 900 percent since...

  • ISLAMABAD, April 27- Pakistan's financial regulator is escalating investigations against stockbrokers in a campaign to curb insider trading and illegal leveraging in the stock market, its executive director said in an interview. Pakistan's benchmark stocks index was one of the world's best performing last year and has returned more than 900 percent since...

  • NEW YORK, April 26- JPMorgan Chase& Co is not liable to a group of former customers of Bernard Madoff who blamed the bank for being actively involved in his Ponzi scheme and ignoring red flags of fraud, a federal appeals court ruled on Wednesday. The 2nd U.S. Circuit Court of Appeals in Manhattan said the customers failed to show that JPMorgan had enough "control" over...

  • Jonathan Ly, 28, was sentenced by U.S. District Judge John Coughenour in Seattle after pleading guilty in December to a securities fraud charge for having engaged in an insider trading scheme that prosecutors said netted him $331,000. He previously reached a $375,907 settlement with the U.S. Securities and Exchange Commission.

  • Jonathan Ly, 28, was sentenced by U.S. District Judge John Coughenour in Seattle after pleading guilty in December to a securities fraud charge for having engaged in an insider trading scheme that prosecutors said netted him $331,000. He previously reached a $375,907 settlement with the U.S. Securities and Exchange Commission.

  • Avaneesh Krishnamoorthy, an Indian citizen living in West New York, New Jersey, made about $48,000 trading Neustar stock and options in a brokerage account held by him and his wife, after learning that Golden Gate Capital was in talks to buy the company, court papers show. Shares of Neustar rose 21 percent last Dec. 14 after Golden Gate's takeover of the Sterling,...

  • The replacement of the bus of the Borussia Dortmund football team that was targeted in a bomb attack is seen during a reconstruction of the April 11 event

    German police have arrested a 28-year-old market trader suspected of being responsible for an attack on the Borussia Dortmund football team.

  • April 19- Martin Shkreli, the former drug company executive who drew public outcry when he raised the price of a life-saving drug by 5,000 percent, will be tried for securities fraud separately from a lawyer charged alongside him, a Brooklyn federal judge ruled Wednesday. Both Shkreli and lawyer Evan Greebel, who worked for Shkreli's former company Retrophin...

  • NEW YORK, April 19- An elected official of a New York City suburb faces trial on Wednesday in what authorities have called the first criminal securities fraud case involving municipal bonds. Christopher St. Lawrence, the elected supervisor of Ramapo, New York, has been charged with securities fraud, wire fraud and conspiracy. Lawrence in April 2016 along with...

  • April 18- The U.S. Securities and Exchange Commission on Tuesday suffered a rare loss before one of its own judges, who dismissed a case accusing an Atlanta real estate investor of insider trading. SEC Administrative Law Judge James Grimes found no evidence that Charles Hill gained $744,000 of illegal profit in shares of Radiant Systems Inc in 2011 after...

  • Robert De Niro in "The Wizard of Lies."

    "The Wizard of Lies" stars Robert De Niro as Madoff and Michelle Pfeiffer as his wife, Ruth Madoff.

  • April 6- An attorney defending Las Vegas sports gambler William "Billy" Walters against insider trading charges told jurors on Wednesday that prosecutors introduced testimony about star golfer Phil Mickelson to cover up the weakness of their case. In a closing argument in Manhattan federal court, lawyer Barry Berke said prosecutors brought in evidence...

  • April 5- A U.S. prosecutor on Wednesday urged jurors in Manhattan federal court to convict Las Vegas sports gambler William "Billy" Walters on insider trading charges, describing a pattern of "repeated conduct that can only be described as brazen." Attorney Brooke Cucinella said Walters' trading and phone records proved that he traded in Dean Foods Co stock based...

  • Cooperman and his firm Omega Advisors Inc are seeking to reverse a March 20 ruling that let the SEC pursue civil claims that Cooperman and Omega reaped about $4.09 million of profit in 2010 by trading in Atlas Pipeline Partners LP based on confidential tips from an Atlas executive about a planned asset sale. The SEC did not immediately respond on Wednesday to...

  • March 28- Signet Jewelers Ltd has been hit with a securities fraud class action lawsuit, accusing the retailer of failing to disclose facts regarding sexual harassment allegations against executives at its Sterling Jewelers unit, court documents showed. The lawsuit, filed on Tuesday in Dallas federal court by Irving Firemen's Relief& Retirement Fund,...

  • Donald Trump

    This regulation would help investment advisors sniff out suspicious financial activity, although its fate is uncertain.