UBS to pay $1.4 billion for selling toxic mortgages prior to the Great Recession
The Justice Department announced on Monday that UBS has agreed to pay $1.4 billion in penalties for allegedly defrauding investors by selling mortgage-backed securities that blew up during the Great Recession.
2023-08-15 01:53
Serial fraudster Mark Acklom freed from Spanish jail, court told
Mark Acklom was jailed in the UK for conning an ex-partner of £300k and then extradited to Spain.
2023-08-10 21:46
KPMG warned Brazil's Americanas about lack of financial controls in 2019, partner says
By Carolina Pulice and Andre Romani SAO PAULO/MEXICO CITY Brazilian retailer Americanas' management received several notices of accounting
2023-08-02 07:58
Ex-Celsius CEO is charged with fraud
US prosecutors charged the former CEO of bankrupt cryptocurrency platform Celsius Networks with defrauding customers and misleading them about the company's business.
2023-07-13 23:24
Manuel Chang: South Africa to hand Mozambique 'tuna bond' minister to FBI
Mozambique's ex-finance minister is to be tried in the US after five years in a South African jail.
2023-07-10 23:22
Panama expects to be struck off financial crime watch list in October
By Valentine Hilaire Panama expects international financial-crime watchdog FATF to remove it this October from a watch list
2023-06-30 03:15
Trafigura sued for $8.4 million by firm owned by tycoons Reuben Brothers
By Eric Onstad LONDON Hyphen Trading Ltd, owned by property and metals tycoons the Reuben brothers, has demanded
2023-06-28 23:17
Fraudsters likely stole over $200 billion in Covid relief aid, watchdog says
The Small Business Administration distributed more than $200 billion in potentially fraudulent Covid-19 relief funds, according to a federal watchdog.
2023-06-28 20:49
Over $200 billion likely stolen from U.S. COVID relief programs, watchdog says
By Kanishka Singh WASHINGTON Over $200 billion from the U.S. government's COVID-19 relief programs were likely stolen, a
2023-06-28 04:58
Appeals court dismisses Ivanka Trump as co-defendant in civil fraud case against Donald Trump
A New York appeals court has dismissed Ivanka Trump as a co-defendant in New York Attorney General Letitia James' civil fraud lawsuit against Donald Trump, his children and the Trump Organization, according to a court order filed Tuesday.
2023-06-28 04:53
What are junk fees and how might Biden tackle them?
The president says airlines, banks, hotels and concert vendors are playing Americans "for suckers".
2023-06-16 09:58
Elizabeth Holmes is going to prison. Will she ever pay victims too?
Experts say victims often never get their money back from those who defrauded them.
2023-05-30 04:18