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Kinnucan was sentenced to 51 months in prison after conviction for securities fraud. In February 2012, the SEC charged London-based medical device company Smith & Nephew PLC with violating the FCPA when its U.S. and German subsidiaries bribed public doctors in Greece for more than a decade to win business. [70]
Following is a list of securities frauds (also called stock frauds or investment frauds): 2003 Mutual-fund scandal: A number of major brokerages and mutual fund firms were accused of various deceptive acts that disadvantaged customers. Among them were late trading and market timing. Various SEC rules were enacted to curtail this practice. [1]
The Trump Organization, convicted of tax fraud, scheming to defraud, conspiracy, and falsifying business records. [9] Tyson Foods; Volkswagen, pleaded guilty to 3 criminal felonies related to its emissions scandal. [10] Waste Management, Inc; The Boeing Company, pleaded guilty to one count of conspiracy to defraud the United States. This charge ...
Six unrelated South Florida companies are facing various accusations of investment-related wrongdoing in a rapid-fire series of lawsuits by the U.S. Securities and Exchange Commission. The suits ...
During 2006 and 2007, securities fraud class actions were driven by market wide events, such as the 2006 backdating scandal and the 2007 subprime crisis. Securities fraud lawsuits remained below historical averages. [35] Some manifestations of this white collar crime have become more frequent as the Internet gives criminals greater access to prey.
The following day he was arrested and charged with a single count of securities fraud. [75] As of December 2008, the paper losses were estimated to be $65 billion, easily making it the largest fraud in history. [76] Mark Madoff was found dead in his Manhattan apartment at [77] 158 Mercer Street. Using a dog leash tied to a beam, he had hanged ...
Billionaire brothers Samuel Wyly (pictured) and Charles Wyly were charged Thursday by the Securities & Exchange Commission with orchestrating a 13-year-long securities fraud that reaped them $550 ...
Aron Govil of Jacksonville is also being charged with scalping and insider trading in a related case.