Search Results for: US Justice Department
US arrests VW executive on fraud charges
January 9th, 2017
The Federal Bureau of Investigation has arrested a Volkswagen executive who faces charges of conspiracy to defraud the United States, two people with knowledge of the arrest said on Sunday, marking an escalation of the criminal investigation into the ...
Credit Suisse reached a settlement for its RMBS business
December 23rd, 2016
Credit Suisse announced today that it has reached a settlement in principle with the U.S. Department of Justice (DOJ) related to its legacy Residential Mortgage-Backed Securities (RMBS) business – a business conducted through 2007. This settlement would release Credit ...
VW strikes another US emissions scandal deal
December 21st, 2016
Volkswagen has struck a deal with the US authorities over some 80,000 VW, Audi and Porsche cars with 3-litre diesel engines. The agreement is another step towards allowing the German car maker to put the emissions cheating scandal behind ...
Deutsche Bank is thinking a partial exit from the US market
October 18th, 2016
Reports in local media in Germany indicate that Deutsche Bank is currently mulling over a strategy overhaul as far as the United States is concerned and an exit from the country couldn’t be ruled out. The bank was been ...
NRGbinary is a case of how scammers can hide in gaps between regulators and defraud thousands of investors
October 6th, 2016
In early 2013, a young Israeli businessman registered a web domain in London for a company called NRGbinary.com. The online options trading website offered clients the opportunity to make large amounts of money from simple bets on the movement ...
SEC: State Street Misled Custody Clients About Prices for Foreign Currency Exchange Trades
July 27th, 2016
The Securities and Exchange Commission today announced that State Street Bank and Trust Company has agreed to pay $382.4 million in a global settlement for misleading mutual funds and other custody clients by applying hidden markups to foreign currency ...
The founder of the Bitcoin Savings and Trust company gets 18 months in prison for Fraud
July 25th, 2016
Trendon Shavers, the mastermind behind the disgraced Bitcoin Savings & Trust Ponzi scheme, has been sentenced to 18 months in prison on one count of securities fraud. In addition, Shavers was ordered to forfeit $1.23 million and to pay ...
Australia has sold $22 million worth of seized bitcoins in a global auction
June 29th, 2016
Australia has sold $22 million worth of bitcoins seized as the proceeds of crime in a global auction. Ernst and Young transactions partner Adam Nikitins said multiple bidders claimed 24,518 units of the digital currency during the auction, which ...
Transatlantic prosecutions drive US lawyers to the City
April 12th, 2016
The widening grip of US law enforcement is feeding a wave of American lawyers heading across the Atlantic. A growing number of US law firms are sending lawyers with law enforcement experience to work in the United Kingdom. As ...
UBS, HSBC Offshore Dealings Thrust Into Panama Papers Spotlight
April 5th, 2016
Report describes UBS’s dealings with law firm Mossack Fonseca Both banks say they comply with laws for vetting customers UBS Group AG and HSBC Holdings Plc — two of the banks hardest hit amid a U.S. crackdown on customers’ illicit ...
