14th July 2016
In the outcome of a closely watched trial that could set precedent, convicted futures trader Michael Coscia was sentenced in federal court Wednesday to three years in prison and two years of supervised release for spoofing and commodities fraud. Coscia, 54, of Rumson, N.J., was the first defendant in the… Read More
11th July 2016
A British tax consultant who stole HK$31 million from four clients was jailed for nine years in the High Court on Monday. Deborah Annells, 57, was earlier convicted of 47 charges of theft, fraud and possession of a false instrument. Together with an earlier conviction for perverting the course… Read More
8th July 2016
Two former Regions Bank executives were indicted on charges of wire fraud, bank bribery and money laundering for their alleged role in a multimillion-dollar conspiracy to defraud the Birmingham-based banking giant. A federal grand jury indicted Richard Henderson and Philip Cooper, both former executives with Regions Equipment Financing… Read More
7th July 2016
Arnaud Mimran was convicted of fraud charges in what has been dubbed the 'fraud of the century.' He has separately claimed to have deposited 170,000 euros in Prime Minister Benjamin Netanyahu's account. Read More
7th July 2016
His chips are all gone. Financial fraudster Andrew Caspersen finally threw in his hand Wednesday. The former Wall Street executive pleaded guilty to defrauding family and friends out of more than $38 million in a Ponzi-like scheme to feed what he called “a gambling addiction that was all consuming” as… Read More
7th July 2016
Italy has arrested 11 people accused of crimes linked to public events, including last year’s Milan Expo, and channeling money they collected to the Sicilian mafia, police said in a statement on Wednesday. Seven people were placed in custody and four others put under house arrest on suspicion of money… Read More
7th July 2016
A judge in Buenos Aires has frozen the assets of former Argentine President Cristina Fernandez de Kirchner. Ms Fernandez has been accused of making fraudulent foreign currency transactions last year in the final months of her government. She has denied the allegations and accused the centre-right government of Mauricio… Read More
5th July 2016
When David Green was appointed head of Britain’s Serious Fraud Office (SFO) in 2012 he predicted he would be judged by how he fared prosecuting allegations of global interest rate rigging, a symbol of banker greed during the financial crisis. Six months ago, he had just one conviction under his… Read More
4th July 2016
Private investigators have reported that two of the “Cayman Gang of Four”, Derek Buntain and Sharon Lexa Lamb, the fired president, and senior vice president respectively of closed Dundee Merchant Bank, used their shell company, Winterborne Management Ltd (WML) to steal and move tens of millions of dollars into a… Read More
1st July 2016
Enforcement Directorate officials probing into a bank fraud committed allegedly by people behind Chennai-based First LeasingBSE -4.75 % have expanded investigation to include former chief of the Indian cricket board AC Muthiah, who was the company’s chairman and is currently in London. “We have begun enquiries with him…a preliminary statement… Read More