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Sears, Roebuck & Company, pleaded guilty to 1 count of fraud. [8] 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
Tricked investors out of $64.8 billion through the largest Ponzi scheme in history. Investors were paid returns out of their own money or that of other investors rather than from profits. Bernie Madoff told his sons about his scheme and they reported him to the SEC. He was arrested the next day. $64.8 billion Bankwest: Australia: 2008: Banking
S. SafeMoon; Salad oil scandal; Sampoong Department Store collapse; Saradha Group financial scandal; Robert Schuyler; ScotiaMocatta; Seongsu Bridge disaster
New York v. Trump is a civil investigation and lawsuit by the office of the New York Attorney General (AG) alleging that individuals and business entities within the Trump Organization engaged in financial fraud by presenting vastly disparate property values to potential lenders and tax officials, in violation of New York Executive Law § 63(12).
For example, the currently prevailing approach employed by many law enforcement agencies to detect companies involved in potential cases of fraud consists in receiving circumstantial evidence or complaints from whistleblowers. [2] As a result, a large number of fraud cases remain undetected and unprosecuted.
The New York Attorney General's investigation led to a $1.6 billion fine for AIG and criminal charges for some of its executives. [120] CEO Maurice R. "Hank" Greenberg was forced to step down and fought fraud charges until 2017, when the 91-year-old reached a $9.9 million settlement.
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Legal claims against the pharmaceutical industry have varied widely over the past two decades, including Medicare and Medicaid fraud, off-label promotion, and inadequate manufacturing practices. [ 3 ] [ 4 ] With respect to off-label promotion, specifically, a federal court recognized off-label promotion as a violation of the False Claims Act ...