Following the sentencing of ex-trader Kweku Adoboli last week, Britain's financial regulator fined UBS £29.7 million ($47.6 million).
The SEC has charged an alleged investment adviser in New York for defrauding investors by convincing them to invest in his start-up businesses.
In most major scandals, compromising emails are used as one of the main, supporting sources of evidence. Investigators wrapping up the LIBOR scandal have gotten their hands on yet another type of proof, though; employees private instant messages.
New York State attorney general, Eric T. Schneiderman has announced the arrests of Nasreen Khan, the owner of Foster Nurse Agency, and her son Rehan Khan, an employee, for stealing over $300,000 from the Medicaid program. Medicaid regulations require nurses to work no more than 16 hours in any 24-hour period. This is to ensure […]
The Canada Revenue Agency (CRA) is revoking the charitable registration of two Toronto-area charities, effective November 10, 2012.
U.S. regulators on Thursday accused a former Goldman Sachs Group trader of defrauding the bank of $118 million, reports Reuters. The lawsuit was filed in Manhattan, with the CFTC saying Matthew Marshall Taylor entered fake trades in November and December 2007, in an attempt to conceal an $8.3 billion position in futures contracts. The CFTC […]
Weizhen Tang’s battle against the OSC and the justice system came to a halt yesterday when a jury convicted him of fraud.
U.S. and U.K. enforcers are pushing for several more banks to agree to settlements over allegations they tried to fix LIBOR, reports Financial Times.
The OSC has ruled in the matter of Shaun Gerard McErlean and Securus Capital Inc.
A BCSC panel has permanently banned a man from the province’s capital markets for attempted fraud.