Saturday, September 18, 2021

Fraud

BitConnect founder charged with $2 billion cryptocurrency fraud

The top U.S. securities regulator on Wednesday sued the founder of the now-defunct cryptocurrency exchange platform BitConnect over his alleged role in fraudulently raising about $2 billion from thousands of retail investors. Expanding a civil case announced in May, the...

KPMG accused of giving regulator ‘false and misleading’ data about construction giant Carillion

A financial watchdog has accused accountancy firm KPMG and individuals of giving it "false and misleading" information about collapsed construction giant Carillion. It follows what the Financial Reporting Council (FRC) said was a routine check on the quality of KPMG's...

Former Front Royal EDA executive director indicted on fraud, money laundering charges

The former executive director of the Front Royal-Warren County Economic Development Authority now faces federal fraud and money laundering charges. A grand jury in the U.S. District Court for the Western District of Virginia in Harrisonburg handed up a 34-count...

Florida medical supplier embezzles $12 million meant for masks and gloves

A Florida medical supply salesman embezzled more than $12 million he’d been given for masks and rubber gloves during the mad scramble for PPE in the early days of the COVID-19 pandemic and used it to buy a waterfront mansion,...

Italian fugitive Raffaele Imperiale arrested in connection to Van Goghs Theft

One of Italy’s most wanted men, an alleged top drug trafficker suspected of having bought two stolen Van Gogh paintings on the black market, has been arrested in Dubai. Raffaele Imperiale, an alleged kingpin in the Naples-based Camorra organised crime syndicate,...

Former Westinghouse executive charged with fraud in failed nuclear project

A former top executive of U.S. nuclear plant maker Westinghouse Electric Co has been charged with 16 felony counts for his alleged role in concealing cost overruns and delays that dogged the now-abandoned construction of two nuclear reactors in...

Interpol issues arrest warrant for co-founder of Mexican airline Interjet on tax fraud charges

Interpol has at Mexico's request issued an international arrest warrant for Miguel Aleman, co-founder of budget airline Interjet, on criminal tax fraud charges, according to government sources and Mexican media. Last month, prosecutors issued a national arrest warrant for Aleman,...

Courgette restaurant owner James Mussillon arrested for money laundering, fraud

Canberra chef James Mussillon, who owns the renowned Courgette Restaurant, is behind bars after he was charged with money laundering, perjury and fraud. Today Mr Mussillon, 49, was formally charged with 14 offences, some allegedly stretching back as far as 2016. Court...

Former president of Jay Peak Resort pleads guilty to fraud charges

A former Vermont ski resort president pleaded guilty Friday to providing false documents during a failed plan to build a biotechnology plant in Newport using tens of millions of dollars in foreign investors’ money. In exchange for the guilty plea...

Compton councilman Isaac Galvan charged with election rigging, fraud

A Compton city councilman was arrested Friday morning and charged with conspiring to rig votes to secure his victory in an election he won earlier this year by just one ballot, officials said. Isaac Galvan, 34, was one of six...

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Kenyan court sentenced former sports minister to six years for corruption

A Kenyan court on Thursday sentenced a former sports minister to six years in prison after finding him guilty...