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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]
Breach of US law, by owning another bank. Fraud, money laundering and larceny. Better known as BCCI. Nordbanken: Sweden: 1991: Banking: Following market deregulation, there was a housing price bubble, and it burst. As part of a general rescue as the Swedish banking crisis unfolded, Nordbanken was nationalised for 64 billion kronor.
Johann Baptist Placht ran a Ponzi scheme in Vienna from 1872 to 1873, claiming to invest in the stock market. Fraudster Sarah Howe opened a savings bank called Ladies' Deposit Company in 1878 meant to target unmarried women. She claimed that the bank worked in conjunction with a Quaker charity that wanted to help less privileged women.
The alleged fraud, amounting to a total of 564.1 billion yuan ($78 billion) over two years, is the largest ever financial fraud case in mainland China’s securities markets, according to previous ...
Short-seller Scorpion Capital is taking aim at one of the biggest-trading stocks in the world. The $23 billion Japanese semiconductor equipment manufacturer Lasertec has ridden the AI wave, with ...
The largest instance of securities fraud committed by an individual ever is a Ponzi scheme operated by former NASDAQ chairman Bernard Madoff, which caused up to an estimated $64.8 billion in losses depending on which method is used to calculate the losses prior to its collapse.
Started as Crown Corporation, Langbar International was the biggest pump-and-dump fraud on the Alternative Investment Market, part of the London Stock Exchange. The company was at one point valued greater than $1 billion, based on supposed bank deposits in Brazil which did not exist.
A federal grand jury has indicted prominent activist short seller Andrew Left on multiple counts of securities fraud for a long-running $16 million market manipulation scheme, the U.S. Justice ...