Thursday, December 9, 2021

Fraud

Stanford Claimholders and Victims of $7 Billion Ponzi Scheme Take Legal Action Against TD Bank, HSBC, and SocGen

Members of the Stanford Claimholders Coalition and certain individual investors that unknowingly purchased fraudulent certificates of deposit (“CDs”) issued by Stanford International Bank, Ltd. prior to 2009 (collectively, the “Plaintiffs” or “Victims”) today filed claims in federal court against the...

Celadon Agrees to Pay $42.2 Million to Settle Accounting Fraud Claims

Freight trucking company Celadon Group Inc. has agreed to pay $42.2 million to settle fraud claims after filing false financial statements and lying to auditors in efforts to hide losses of its aging trucking fleet. Indianapolis-based Celadon admitted to inflating the...

Zimbabwe: Nedbank Mutare Branch Bank Tellers in U.S.$80,000 Fraud

Three Nedbank Zimbabwe employees stationed at a bank branch here Thursday appeared before a Mutare magistrates' court facing charges of swapping depositors US dollar bank balances with electronic money (RTGS). The suspects, Stella Nyabadza, Yuhzel Mumba and Stanley Mabiza reportedly...

Israel’s Largest Banks in American Tax Scams

It’s in Israeli media, but not in the US: three of Israel’s largest banks have been actively laundering money for thousands of wealthy Americans in massive tax-evasion schemes. The US State Department lists Israel as a “major money laundering...

City treasurer was victim of a ‘whaling’ scam, transferred $100K to phony supplier

The City of Ottawa’s treasurer was duped in an email scam, unknowingly transferring nearly US$100,000 to a phoney supplier, councillors heard Monday. Auditor general Ken Hughes and his audit staff revealed the results of a fraud investigation, laying out the...

Test-taking whiz in college admissions scam pleads guilty

Test-taking whiz Mark Riddell, 36 of Florida pleaded guilty Friday to acing the ACT and SAT exams in exchange for money in the ongoing college admission scam case. Riddell, who has been cooperating with authorities since February in the hopes...

Danske Bank auditor EY reported to fraud squad over 2014 report

Accountant EY's audit of scandal-hit Danske Bank came under scrutiny on Friday as Danish authorities asked the state prosecutor for financial fraud to investigate the matter. Danske Bank is under investigation in the United States, Denmark, Estonia, France and Britain...

Michael Bonds, former MPS board president, accused of taking kickbacks from charter school execs

Michael Bonds, former president of the Milwaukee Public Schools board of directors, was charged in federal court in Philadelphia on Thursday in an alleged bribery scheme involving a company that operated several charter schools, including three in Milwaukee. Bonds is accused of conspiracy...

Former state senator, Jeremy Hutchinson indicted on bribery, fraud charges

A federal grand jury has indicted former state Sen. Jeremy Hutchinson on 12 counts of conspiracy, bribery and fraud related to his work for Missouri-based health care nonprofit. Hutchinson, an attorney, resigned his state Senate seat last year when a...

Actress Felicity Huffman and other parents agree to plead guilty in college admissions scandal

Felicity Huffman and a dozen other wealthy parents swept up in the far-reaching college admissions scandal have agreed to plead guilty after being charged in the scheme, according to court records. The actress and 12 other parents, including Los Angeles marketing...

Latest News

Former Malaysian Prime Minister Loses Appeal of 1MDB Conviction

A Malaysian court on Wednesday upheld former premier Najib Razak's conviction on corruption charges over a multi-billion dollar scandal...