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The company "Yosr Developpement Ltd" director was behind money laundering, illegal investments and Ponzi scheme frauds. [ 132 ] On February 26, 2014, Gregory Loles, who formerly ran Farnbacher-Loles and related investment entities, was sentenced to 25 years' imprisonment by federal judge Alvin W. Thompson for a $25 million Ponzi scheme ...
On September 3, 2003, New York Attorney General Eliot Spitzer announced the issuance of a complaint against New Jersey hedge fund company Canary Capital Partners LLC, charging that they had engaged in "late trading" in collusion with Bank of America's Nations Funds.
Not only do investors lose but so can creditors, taxing authorities, and employees. Potential perpetrators of securities fraud within a publicly traded firm include any dishonest official within the company who has access to the payroll or financial reports that can be manipulated to: overstate assets; overstate revenues; understate costs
A former TD Bank employee based in Florida was arrested and charged with facilitating money laundering to Colombia, New Jersey's attorney general said on Wednesday, in the first such arrest since ...
A sudden infusion of $30 million into Donald Trump's nascent cryptocurrency venture from a Chinese billionaire sued by the Securities and Exchange Commission for allegedly defrauding investors ...
Many of these seemingly illegal actions, including tracking your internet history and asking for doctor's notes, are actually legal at many companies. 8 things most companies are allowed to do ...
Registration is important because it provides investors with access to key information about the company's management, products, services, and finances. Unlicensed sellers. [20] In the United States, federal and state securities laws require that investment professionals and their firms be licensed or registered. Most Ponzi schemes involve ...
The company's finance directors concealed large debts. MG Rover Group: United Kingdom: 15 April 2005: Automobiles: After diminishing demand, and getting a £6.5m loan from the UK government in April 2005, the company went into administration. After the loss of 30,000 jobs, Nanjing Automobile Group bought the company's assets. Bayou Hedge Fund Group