Global Roundup

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

Homestore To Settle Accounting-Fraud Suit Worth $70 Million

Homestore, an online real estate services company that provides listings to America Online, has said that it has agreed to pay about $70 million in cash and stock to settle a...

Microcap Fraud

Securities and Exchange Commission obtained a temporary restraining order against future violations of the antifraud, issuer reporting, books and records, internal controls and officer certification provisions of the federal securities laws....

SFIO to probe KPMG role in INR870 Crore Reebok case

Global audit major KPMG will face questions from the Serious Frauds Investigation Office (SFIO) in connection with the Rs 870-crore alleged fraud at Reebok India, corporate affairs secretary Naved Masood said...

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 of the financial statements for Asthma Disease...

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...

KPMG ex-partner in Insider Trading

Ex-Partner of KPMG was charged with insider trading by Securities Exchange Comission. The comission alleged that Scott London, Ex-Partner of KPMG tipped Bryan Shaw with confidential details about five KPMG audit...

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...

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...

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...

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...

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