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Crime Corporate Fraud

  • The SEC declined to comment. Guy Petrillo, Duka's lawyer, said in a statement the SEC's fraud claim was one "that was never supported and that should never have been brought. The SEC filed its administrative case against Duka in 2015 as the regulator and two state attorneys general announced a $77 million settlement with S&P, then a unit of McGraw-Hill Financial...

  • Dawn Bennett, who hosted "Financial Myth Busting with Dawn Bennett," diverted about half of what she raised in a 2-1/ 2 year scheme to repay earlier investors, buy luxuries including many dozen pairs of shoes and pay back rent to the Dallas Cowboys for a luxury suite at AT&T Stadium, authorities said. The SEC filed related civil charges on Friday against Bennett and...

  • NEW YORK, Aug 25- A Macedonian citizen charged in the United States with operating a website called Codeshop that authorities say was used to sell stolen credit card data pleaded guilty on Friday, U.S. prosecutors said. Djevair Ametovski, 30, pleaded guilty to fraud and identity theft in Brooklyn federal court, according to prosecutors. Ametovski, who...

  • South Korean court finds Samsung heir guilty of bribery

    CNBC's Chery Kang reports on the conviction of Samsung's chief Jay Y. Lee of bribery and embezzlement. The courts have sentenced Lee to five years in prison.

  • HAMBURG, Aug 24- German prosecutors said they were investigating four current and former executives of South Africa's Steinhoff for suspected accounting fraud, allegations which sent the furniture retailer's shares plummeting on Thursday. Steinhoff denied any wrongdoing in response to allegations published in German monthly Manager Magazin which...

  • FRANKFURT, Aug 24- German prosecutors are investigating Steinhoff CEO Markus Jooste and some other senior managers at the furniture retailer in connection with suspected accounting fraud, monthly Manager Magazine reported, citing no sources. Steinhoff's German-listed shares dropped to a record low and were down 7.4 percent to 3.92 euros at 1126 GMT.

  • FRANKFURT, Aug 24- German prosecutors are investigating Steinhoff CEO Markus Jooste and some other senior managers at the furniture retailer in connection with suspected accounting fraud, monthly Manager Magazine reported, citing no sources. Steinhoff's German-listed shares dropped to a record low and were down 5.7 percent to 3.99 euros at 0812 GMT.

  • BOSTON, Aug 16- A former Eaton Vance Corp portfolio manager was sentenced to 1-1/ 2 years in prison on Wednesday for engaging in a fraudulent options trading scheme that prosecutors said had netted him more than $1.5 million in profits. District Judge Indira Talwani in Boston after pleading guilty in May to one count of securities fraud. Amell, who must also pay...

  • LONDON, Aug 14- The chief executive and founder of Telit has resigned after the London- listed technology company confirmed on Monday he had been indicted for an alleged mortgage fraud in the United States more than 25 years ago. An arrest warrant for Cats was issued under an alternative spelling of his name, Uzi Katz, but he was never detained, according to Boston...

  • NEW YORK, Aug 11- A former Los Angeles investment banker imprisoned for 11 years for a stock manipulation scheme was sentenced on Friday to an additional five years for misappropriating proceeds from a bond issue by a Native American tribe. District Judge Ronnie Abrams in Manhattan, who also ordered him to forfeit more than $43 million. According to prosecutors,...

  • NEW YORK, Aug 11- Three former executives at Transmar Commodity Group Ltd on Friday pleaded not guilty to defrauding banks to win a $400 million credit line for the now-bankrupt New Jersey- based cocoa trading company. Peter G. Johnson, who was Transmar's chief executive; his son Peter B. Johnson, who oversaw Transmar's Euromar Commodities affiliate; and Thomas...

  • Aug 10- Venture capital firm Benchmark Capital is suing former Uber Chief Executive Travis Kalanick for fraud, breach of contract and breach of fiduciary duty, news website Axios reported on Thursday. Benchmark's suit involves a decision in 2016 to expand Uber's board of voting directors from eight to 11, with Kalanick having the sole right to designate those...

  • LONDON, Aug 10- The UK Serious Fraud Office said on Thursday it expects to decide next year whether it will file criminal charges in bribery investigations related to drugs giant GlaxoSmithKline and aero engine company Rolls-Royce. The SFO launched an investigation into GSK and its subsidiaries in 2014. Britain's biggest drugmaker has already been fined a...

  • LONDON, Aug 9- The chief executive of technology firm Telit has taken a leave of absence after the London- listed company said it had discovered he had been indicted in the United States 25 years ago over an alleged mortgage fraud. Cats, who could not immediately be contacted on Wednesday, was alleged in a Boston federal court in 1992 to have been involved in a "land...

  • NEW YORK, Aug 8- U.S. prosecutors on Tuesday dropped their criminal case accusing Benjamin Wey of running a fraudulent stock manipulation scheme, after a federal judge threw out much of the evidence they hoped to use against the financier. District Judge Alison Nathan on June 13 ordered the "blanket suppression" of a huge cache of materials seized from Wey's home...

  • NEW YORK, Aug 8- U.S. prosecutors on Tuesday moved to drop their criminal case accusing Benjamin Wey of running a fraudulent stock manipulation scheme, after a federal judge threw out much of the evidence they hoped to use against the financier. The dismissal request was the second in three weeks in a high-profile Wall Street case handled by the U.S.

  • NEW YORK, Aug 8- Three former executives at Transmar Commodity Group Ltd have been charged with defrauding banks to win a $400 million credit line for their now bankrupt New Jersey- based cocoa trading company, federal prosecutors said on Tuesday. Peter G. Johnson, who was Transmar's chief executive; his son Peter B. Johnson, who oversaw Transmar's Euromar...

  • NEW YORK, Aug 8- U.S. prosecutors on Tuesday moved to drop their criminal case accusing Benjamin Wey of running a fraudulent stock manipulation scheme, after a federal judge threw out much of the evidence they hoped to use against the Wall Street financier. It followed prosecutors' request on July 21 to end a separate case against two former JPMorgan Chase& Co...

  • Aug 8- U.S. prosecutors on Tuesday moved to drop their criminal case accusing Benjamin Wey of running a fraudulent stock manipulation scheme, after a federal judge threw out much of the evidence they hoped to use against the Wall Street financier. The dismissal request was the second in three weeks in a high-profile case handled by the U.S. Attorney's office in...

  • NEW YORK, Aug 8- Three former executives at Transmar Commodity Group Ltd have been charged with defrauding banks to win a $400 million credit line for their now bankrupt, New Jersey- based cocoa trading company, federal prosecutors said on Tuesday. Peter G. Johnson, who was Transmar's chief executive; his son Peter B. Johnson, who oversaw Transmar's Euromar...