Search Results for: Serious Fraud Office
Tesco faces fresh legal challenge over accounting scandal
January 25th, 2017
Supermarket chain Tesco is facing a fresh lawsuit for damages from investors over its 2014 accounting irregularities scandal. The legal action is being pursued by Manning & Napier, with the Financial Times newspaper reporting that the US investment house ...
Three traders were charged with conspiring in forex rigging probe
January 11th, 2017
The U.S. Justice Department on Tuesday brought charges against three former traders at JPMorgan Chase & Co, Citigroup Inc and Barclays Plc arising from a global probe into the manipulation of foreign exchange rates at major banks. Richard Usher, ...
SFO will not charge former Tesco boss over accounting scandal
November 29th, 2016
Tesco’s former chief executive Philip Clarke will not face charges in relation to an accounting scandal at the supermarket chain, it has been confirmed. Clarke’s lawyer, David Corker, said on Monday that he had received a letter from the ...
Forex broker fined for more than $35 Million
November 17th, 2016
Federal Court Orders IB Capital FX, LLC, Michel Geurkink, and Emad Echadi to Pay More than $35 Million in Restitution and a Civil Penalty for Soliciting at Least $50 Million from Members of the Public to Trade Forex, without ...
Tesco hit with £100m lawsuit over accounting scandal
November 1st, 2016
More than 125 large investment funds have filed a £100 million-plus legal claim against Tesco over the 2014 accounting scandal which saw its profits inflated by £326m. Bentham Europe, the London-based litigation firm fronting the claim, said that institutional ...
The Financial Conduct Authority (FCA) bans two individuals from the financial services industry
October 26th, 2016
The Financial Conduct Authority (FCA) has issued on October 25 an announcement to inform that the Authority has banned two individuals from performing any function in relation to any regulated activity in the financial services industry. On 22 November ...
Documents reveal BlackfortFX ponzi scheme scale
October 20th, 2016
Documents from the receivers and liquidators of Arena Capital, whose director Jimmie McNicholl has been charged with running a ponzi scheme, show it received more than $9 million from clients even though no forex trading was undertaken. In their ...
World’s First Publicly-Traded Law Firm Facing Securities Class Action
October 14th, 2016
There’s a cautionary tale playing out in Australia over what can happen when law firms take money from outside investors, something that’s still prohibited here in the U.S. Slater & Gordon became the world’s first publicly-traded law firm back in 2007, ...
Tesco faces UK legal action over accounting scandal
October 3rd, 2016
Tesco is facing a legal action by a group of investors who claim to have lost £150m due to the supermarket’s 2014 accounting irregularities scandal. “Shareholders were misled by information inaccurately provided to the market with knowledge by management,” ...
Mike Lynch’s Invoke Aims to Replace M&A Lawyers With Robots
September 15th, 2016
Former Autonomy CEO backs startup using AI for due diligence Move comes a week after HP sold former Autonomy assets Could the armies of lawyers needed to close billion-dollar deals soon be a thing of the past? That’s what Invoke ...
