Securities fraud
Malaysia’s 1MDB files legal claim against Amicorp Group seeking over $1 billion for alleged fraud
Motorcyclists pass a 1Malaysia Development Berhad (1MDB) billboard at the Tun Razak Exchange development in Kuala Lumpur, Malaysia, February 3, 2016. Olivia Harris | Reuters Scandal-hit Malaysian state fund 1Malaysia Development Berhad said Monday it has filed a legal claim of more than $1 billion against corporate services provider Amicorp Group and its CEO, alleging the […]
Read More
Father, son plead guilty in $100 million New Jersey deli stock scheme
Peter Coker Sr. and his wife Susan Coker at U.S. District Court in Newark, New Jersey, March 15, 2023. Dan Mangan | CNBC Peter Coker Jr., left, is issued search warrants from police at his villa on the southern resort island of Phuket, Thailand, Jan. 11, 2023. Crime Suppression Division, Royal Thai Police | AP […]
Read More
Trump wants $480 million New York fraud case dropped for the ‘greater good’ — AG says no
Former U.S. President Donald Trump attends the trial of himself, his adult sons, the Trump Organization and others in a civil fraud case brought by state Attorney General Letitia James, at a Manhattan courthouse, in New York City, U.S., October 3, 2023. Shannon Stapleton | Reuters The New York Attorney General’s Office on Tuesday rejected […]
Read More
CFPB sues Comerica Bank, alleging it failed to administer federal benefits program
A Comerica Bank sign on a building in Walnut Creek, California, March 30, 2023. Smith Collection/gado | Archive Photos | Getty Images The Consumer Financial Protection Bureau filed a complaint Friday against Comerica Bank, accusing the regional bank of failing to administer a federal benefits program that uses prepaid debit cards. The lawsuit claims Comerica […]
Read More
McKinsey unit will pay $123 million to settle claims it bribed South African officials
This photograph shows a logo of American multinational corporation McKinsey & Company on the first day of the Mobile World Congress (MWC), the telecom industry’s biggest annual gathering, in Barcelona on February 26, 2024. Pau Barrena | Afp | Getty Images A subsidiary of top global consulting firm McKinsey & Company agreed to pay nearly […]
Read More
Florida woman who led $200 million Ponzi scheme sentenced to 20 years in prison
Screeshot of Johanna Michely Garcia of MJ Capital Funding, sentenced Tuesday to 20 years in prison in Ponzi scheme. Source: MJ Capital A Florida woman who pleaded guilty for her role in a Ponzi scheme that raked in nearly $200 million was sentenced Tuesday to 20 years in prison. The woman, 41-year-old Johanna Garcia of […]
Read More
Swiss wealth manager Lombard Odier indicted for money laundering
Key Points Lombard Odier — one of Switzerland’s oldest private banks — has been indicted by Swiss prosecutors for “aggravated money laundering.” In a release out on Friday, the Office of the Attorney General of Switzerland said it filed an indictment against Lombard Odier and a former employee of the bank at Switzerland’s Federal Criminal […]
Read More
Former New York cop pleads guilty to foreign exchange fund fraud conspiracy
U.S. Attorney for the Eastern District of New York, Breon Peace, speaks during a news conference in Brooklyn, New York, U.S., October 22, 2024. Brendan Mcdermid | Reuters Former New York City police officer Jason Rodriguez pleaded guilty to conspiracy to commit wire fraud related to his role as the chief operating officer of a […]
Read More
FTX co-founder Gary Wang avoids prison time for role in crypto fraud
Gary Wang, a former executive of bankrupt cryptocurrency exchange FTX, who testified against founder Sam Bankman-Fried, attends his sentencing on fraud charges at the United States District Court in Manhattan in New York City, U.S., November 20, 2024. Brendan Mcdermid | Reuters Gary Wang, co-founder and ex-technology chief of FTX, was sentenced Wednesday to time […]
Read More
Trump hush money case prosecutors support sentencing delay but oppose case dismissal
Former U.S. President Donald Trump speaks to members of the media amid his trial on charges of covering up hush money payments linked to alleged extramarital affairs, at Manhattan Criminal Court in New York City, on May 16, 2024. Angela Weiss | Via Reuters The Manhattan District Attorney’s Office told a judge Tuesday that it […]
Read More