Top 10 Ponzi schemes of 2013
The total loss caused to the investors in USA has reduced from $1488 million to $441 million in the 8 ponzi schemes enforced by SEC
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 USA. Here are the top ten ponzi...
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 Rs 2,000 as a cost of corruption...
The Walmart Story – Exposing lacunae in retail policies
In my last article, Read: Flipkart being investigated for FDI Violation I covered the way Flipkart could be flouting the FDI norms. This piece of information would be helpful in the wake...
Banks Need to Invest in Trained BASEL III Professionals
After failures of Financial Institutions during the financial crisis in 2008, senior executives of the financial institutions face the heightened risk of being sued by the shareholders for gross negligence. Financial Institutions need...
SEC Charges TYCO with making illicit payments to foreign officials
Securities and Exchange Commission today announced that it filed a settled civil action in the United States District Court for the District of Columbia against Tyco International Ltd. The complaint alleges...
Did Sequoia Capital Indulge in Money Laundering ?
According to the reports published in the leading Indian News papers, enforcement agency which investigates foreign-exchange violations, is examining why the Silicon Valley venture firm bought shares of a health care start-up...
Financial Conduct Authority fines Canara Bank
Financial services firms are required to maintain robust anti-money laundering (AML) systems and controls, since they are at risk from those seeking to launder the proceeds of crime or to finance...
