Global Roundup

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

David Zhou and the reverse merger frauds

Huakang "David" Zhou and his firm, Warner Technology and Investment Corporation identified more than 20 private companies in China and helped them gain access to U.S. capital markets. Zhou then turned...

Accounting fraud in TheStreet

The Securities and Exchange Commission today charged TheStreet, Inc. and three executives in connection with a 2008 accounting fraud at a former subsidiary of TheStreet, Inc. The fraud allowed TheStreet to...

Swiss Bank swallowed $1.5 Billion fine for fraud

The Libor is an average interest rate calculated through submissions of interest rates by major banks in London. The London Interbank Offered Rate (Libor) is a flagship instrument used all over...

Rolls Royce connection with President Suharto

The U.K. Serious Fraud Office may be investigating an alleged $20 million payment from Rolls Royce to the son of the former Indonesian ruler who helped the company win an order...

Serious Fraud office investigate Rolls Royce

British aerospace and defence firm Rolls Royce is co-operating with fraud investigators over allegations of bribery and corruption involving intermediaries in China and Indonesia, the company says. Rolls Royce said it had...

Indonesia anti-graft agency snares its first minister

Indonesia's first minister to be named a suspect in a bribery scandal resigned on Friday, becoming the highest profile victim of an increasingly aggressive push by the country's anti-graft body to...

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...

Share broker’s employee charged in US with $1 bn Apple scheme

David Miller, a trader for Rochdale Securities orchestrated the unauthorized purchase of approximately $1 billion of Apple stock in a fraudulent get-rich-quick scheme that backfired. Miller cooked up a quick way...

Flipkart being investigated for FDI Violations

FCPA investigations by Walmart was a major news for most of the media companies and also for the opposition party of India. Walmart being the first of the fortune five hundred...

KPMG & Deloitte in trouble over HP-Autonomy Deal

A new shareholder lawsuit over Hewlett-Packard's acquisition of British software firm Autonomy has named Big Four audit firms KPMG & Deloitte as defendants, alleging they missed numerous red flags about Autonomy's...

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