Global Roundup

Under this category you will find the news related to frauds in the various countries across the world

CPA Suspended in ADMI Fraud case

California based CPA was suspended from practicing before SEC on account of ADMI fraud case. Bishop is a sole practitioner CPA who conducted audits...

Global Icons who Laundered proceeds of corruption

According to a first of its kind report on ‘Ascertaining size of corruption in India with respect to money laundering’, an individual spent over...

Keyuan Petrochemicals – Story of another reverse merger fraud

Keyuan Petrochemicals Fraud The SEC alleges that Keyuan Petrochemicals, which was formed through a reverse merger in April 2010, systematically failed to disclose to investors...

Top ten Ponzi schemes of 2012

According to the SEC data on Ponzi scheme revelations, US investors have lost nearly $1488 Million to some of the biggest ponzi schemes in...

SEC investigates KPMG Deloitte PwC and EY

Securities and Exchange Commission began administrative proceedings on 3rd December'2012, against the China affiliates of KPMG Deloitted PwC EY and another large U.S. accounting...