Thursday, December 9, 2021

Fraud

Ex-Credit Suisse Bankers Arrested on US Charges for participation in fraud scheme

Three former Credit Suisse Group AG bankers were arrested in London on Thursday on U.S. charges that they took part in a $2 billion fraud scheme involving state-owned companies in Mozambique, a spokesman for U.S. prosecutors said. Andrew Pearse, Surjan...

Prosecutors claimed Huawei Executive Took Part in Sanctions Fraud

The reasons that the United States asked the Canadian authorities to arrest a top executive of the Chinese technology company Huawei last week had been shrouded in mystery. On Friday, the details of the arrest and what led up to...

Former state assemblyman Terrence Goggin indicted in retail fraud scheme

A federal grand jury indicted a former state assemblyman on multiple counts of wire fraud and money laundering Monday, a Justice Department spokesman said. The indictment, unsealed Monday in U.S. District Court, charges Terrence Goggin, a currently licensed state attorney,...

India: Multi-level marketing gang busted in fraud scheme

The Cyberabad police here Saturday claimed to have cracked a multi-level marketing money circulation fraud of more than Rs 1,200 crore with the arrest of two people. The Economic Offences Wing (EOW) of Cyberabad police seized Rs 200 crore, a...

Nigeria: Akwa Ibom government rejects allegations of marine fraud

Akwa Ibom State government has described as untrue and unfounded report by Managing Director, Rock Marine Services Limited, Mr. Essien Elijah, that officials of the state government obtained N184,235,450.89 under false pretence of concessioning the marine terminal at Oron. In...

Sonoma Valley Bank executives sent to prison for bank fraud

Two former senior executives at Sonoma Valley Bank and an attorney for one of its biggest borrowers were sentenced to prison Friday for their roles in defrauding the bank, costing taxpayers and investors millions of dollars when it collapsed...

Namibia: Companies accused of fraud shipped more than N$4.3 billion out of the country over three years.

A REPORT into Namibia's biggest money laundering and tax evasion scheme found that companies accused of fraud shipped more than N$4,3 billion out of the country over three years. This was among the findings contained in a 21 June 2018...

Contractor pleads guilty to Detroit airport kickback scheme

A contractor has pleaded guilty to paying more than $5 million to a Detroit-area airport official who submitted inflated bills and got a share of the spoils. Prosecutors say William Pritula’s company was hired for road repair and water line...

Former CEO Sentenced to Prison in Kickback Scheme

The former chief executive officer of American Senior Communities in Carmel was sentenced Friday in federal court after a three-year investigation. U.S. Attorney Josh Minkler's office says James Burkhart will serve more than nine years in prison for his role...

Tennessee CEO indicted for $2.5 million Medicare fraud case

The CEO of a Tennessee company that sold knee, wrist and back braces has been federally indicted for allegedly paying more than $1.2 million in bribes to sales representatives who referred her customers, allowing her to bill Medicare for...

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...