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Crime Corporate Fraud

  • NCAA Basketball

    Watch U.S. Attorney Joon Kim hold a news conference in Manhattan to announce charges of fraud and corruption in college basketball.

  • NEW YORK, Sept 25- A former top HSBC Holdings Plc executive threw his Scottish client "under the bus" by using his knowledge of its large planned currency transaction to do his own trading first, a U.S. prosecutor said on Monday at the start of a closely-watched trial. Johnson, the former head of HSBC's global foreign exchange cash trading desk, is the first banker to be...

  • WASHINGTON, Sept 21- The U.S. Commodity Futures Trading Commission has filed civil fraud charges against a New York man and his company over an alleged Bitcoin investment scheme, the agency said in a statement on Thursday. The CFTC said it had charged Nicholas Gelfman and Gelfman Blueprint Inc with fraud, misappropriation and issuing false account statements...

  • NEW YORK, Sept 19- A former partner and part-owner of Mexico's InvestaBank SA pleaded guilty on Tuesday to a U.S. charge that he and others fraudulently obtained $21 million in tax refunds from the Mexican government. The deal includes an order that Djemal forfeit $21 million, and he agreed to sell a mural in his Mexico home to help make that payment.

  • NEW YORK, Sept 18- A Peruvian man was sentenced to 12 years in prison on Monday after he pleaded guilty to U.S. charges of defrauding investors out of more than $1.2 million, using a video pitch that featured the Trump Building in downtown Manhattan, where he had an office. Pedro Jaramillo, 49, was sentenced by U.S. District Judge Laura Taylor Swain in Manhattan,...

  • VIENNA, Sept 18- Airbus denied any wrongdoing in a submission on Monday to Austrian prosecutors investigating allegations of fraud and wilful deception over a $2 billion fighter deal and threatened the country's defense minister with legal action. Europe's largest aerospace company, which has repeatedly denied the allegations, said Austria's Defence...

  • VIENNA, Sept 18- Airbus has filed a legal submission to Austrian prosecutors denying any wrongdoing in response to allegations of fraud and wilful deception linked to a $2 billion fighter deal. Vienna prosecutors are investigating Airbus, the Eurofighter consortium and individuals including Airbus chief Tom Enders following a legal complaint from the...

  • VIENNA, Sept 18- Airbus has filed a legal submission to Austrian prosecutors denying any wrongdoing in response to allegations of fraud and wilful deception linked to a $2 billion fighter deal. Vienna prosecutors are investigating Airbus, the Eurofighter consortium and individuals including Airbus chief Tom Enders following a legal complaint from the...

  • VIENNA, Sept 18- Airbus has filed a legal submission to Austrian prosecutors denying any wrongdoing in response to allegations of fraud and wilful deception linked to a $2 billion fighter deal. Vienna prosecutors are investigating Airbus, the Eurofighter consortium and individuals including Airbus chief Tom Enders following a legal complaint from the...

  • VIENNA, Sept 18- Airbus has filed a legal submission to Austrian prosecutors denying any wrongdoing in response to allegations of fraud and wilful deception linked to a $2 billion fighter deal. Vienna prosecutors are investigating Airbus, the Eurofighter consortium and individuals including Airbus chief Tom Enders following a legal complaint from the...

  • PARIS/ LONDON, Sept 15- Airbus faces years of investigation by French and UK authorities into allegations of corruption over jet sales, people familiar with the case said on Friday, playing down a newspaper report of a potentially rapid settlement. The report quoted a source close to Britain's Serious Fraud Office as saying SFO head David Green hoped to agree a...

  • PARIS/ LONDON, Sept 15- A newspaper said Airbus could face a "1 billion pound-plus" fine from British and French prosecutors over corruption allegations, but people familiar with the case said it was premature to talk about a settlement in an inquiry expected to drag on for years. It quoted a source close to Britain's Serious Fraud Office as saying SFO head David...

  • Sept 13- A U.S. judge on Wednesday ordered Martin Shkreli to be jailed while he awaits sentencing for securities fraud, citing a Facebook post in which the former drug company executive offered a $5,000 reward for a strand of Hillary Clinton's hair. He had been free on a $5 million bail since his December 2015 arrest. District Judge Kiyo Matsumoto ruled that...

  • Sept 13- A U.S. judge on Wednesday ordered Martin Shkreli to be jailed while he awaits sentencing for securities fraud, citing a Facebook post in which the former drug company offered a $5,000 reward for a strand of Hillary Clinton's hair. Shkreli, who had been free on $5 million bail since his December 2015 arrest, was silent and stony-faced as U.S. marshals led out...

  • Sept 13- A U.S. judge on Wednesday ordered Martin Shkreli to be jailed while he awaits sentencing for securities fraud, citing a Facebook post in which the former drug company executive nicknamed the "Pharma Bro" offered a $5,000 reward for a strand of Hillary Clinton's hair. District Judge Kiyo Matsumoto in Brooklyn said the Sept. 4 post, which prompted a call from...

  • Sept 12- Former drug company executive Martin Shkreli on Tuesday apologized for a Facebook post that offered his followers a $5,000 reward for obtaining a strand of Hillary Clinton's hair, a post that led U.S. prosecutors to ask that he be jailed while he awaits sentencing for securities fraud. District Judge Kiyo Matsumoto, Shkreli, 34, said he did not mean to...

  • NEW YORK, Sept 12- Bitcoin "is a fraud" and will blow up, Jamie Dimon, chief executive of JPMorgan Chase& Co, said on Tuesday. Speaking at a bank investor conference in New York, Dimon said, "The currency isn't going to work. "Like it or not, people want exposure to bitcoin," Edward Tilly, chairman and CEO of exchange group CBOE Holdings Inc., said at the same conference.

  • NEW YORK, Sept 12- Bitcoin "is a fraud" and will blow up, Jamie Dimon, chief executive of JPMorgan Chase& Co, said on Tuesday. Speaking at an investor conference in New York, Dimon said, "The currency isn't going to work. Dimons comments come as the bitcoin, a virtual currency not backed by any government, has more than quadrupled in value since December to more than $4,100.

  • The SEC filed the lawsuit the same day it announced F-Squared had agreed to pay $35 million and admit wrongdoing to resolve claims it misled investors by falsely advertising the performance of an investment product dubbed "AlphaSector." The SEC alleges that beginning in September 2008, Present began marketing AlphaSector as having a successful record...

  • JERUSALEM, Sept 10- The owner and chief executive of Israel's Rami Levy supermarket chain was detained by police on Sunday on suspicion of fraud and breach of trust as part of a broader investigation that is not directly connected with the company. The retail chain is controlled by high-profile businessman Rami Levy, who owns 45 percent. Rami Levy, with a market...