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An exiled Chinese business tycoon’s “chief of staff” was sentenced to 10 years in prison for ... a Chinese citizen living in New York City, participated in the fraud from at least 2018 ...
After 3 years, both banks were put into bankruptcy, a new nationalized bank was created and the assets of the two bankrupt banks and the bank accounts of local account holders were transferred to the new bank and the local depositors were made whole by stealing about $180 million of money belonging foreign depositors, who lost their entire savings.
Days before Donald Trump’s attorneys mount their month-long case to defend the former president from fraud allegations that threaten his business empire, one of his chief allies in Congress ...
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).
Wells Fargo's sales culture and cross-selling strategy, and their impact on customers, were documented by the Wall Street Journal as early as 2011. [5] In 2013, a Los Angeles Times investigation revealed intense pressure on bank managers and individual bankers to produce sales against extremely aggressive and even mathematically impossible [7] quotas. [8]
The Supreme Court on Thursday stripped the Securities and Exchange Commission of a major tool in fighting securities fraud in a decision that also could have far-reaching effects on other ...
A judge denied the new trial, saying the new evidence was not material enough to change the outcome. [48] On November 18, 2022, Holmes was sentenced to 11.25 years (135 months) in prison. The sentence included a fine of $400, or $100 for each count of fraud, and a three-year supervised release after the prison term was served. [49]
More than 20 people in Central Kentucky have been convicted in recent years in crop-insurance cases involving millions of dollars in fraud altogether. Those included farmers , an insurance agent ...