Global Roundup

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

JBI accounting fraud

JBI Accounting Fraud Case Securities and Exchange Commission announced that it filed an action in federal court in Massachusetts against JBI, Inc., a publicly-traded company formerly located in Massachusetts and now headquartered...

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

Jai Ho Gurudeo of Ponzi Schemes

Gurudeo “Buddy” Persaud is the classic example of innovation in Ponzi schemes. He lured family, friends, and others into investing in his firm, White Elephant Trading Company LLC, by falsely guaranteeing...

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 firm BDO, for refusing to produce audit...

Lernout & Hauspie

June 2000: Lernout & Hauspie reports 1999's revenue of $143.2 million from South Korea and Singapore, up from less than $300,000 in the prior year. August 2000: The Wall Street Journal reports...

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 numerous related party transactions involving its CEO,...
canara bank

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...

FCPA Violations by Philips

FCPA Violations requires Philips to pay pay disgorgement of $3,120,597 and prejudgment interest of $1,394,581 to the United States Treasury FCPA Violations by Philips Since at least 1999, Philips has participated in public...

Thornburg Mortgage Accounting fraud

Thornburg Mortgage Accounting fraud Securities and Exchange Commission filed securities fraud charges in the United States District Court for the District of New Mexico against Larry Goldstone, the former chief executive officer...

Former Gateway CEO and Controllers Settle Fraud Charges

Weitzen and Manza consented to entry of the final judgments without admitting or denying the allegations made by the Securities and Exchange Commission that they engaged in fraud and other violations...

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