Corporate Fraud
Rajaratnam's brother charged in Wall St insider case
Mar 21, 2013 16:31 EDT
US prosecutors unveiled insider trading charges Thursday against the brother of disgraced hedge fund manager Raj Rajaratnam in the latest chapter of a giant Wall Street fraud investigation.
Financier charged in fake pre-IPO Facebook sales
Mar 19, 2013 15:14 EDT
A Florida investment adviser was charged Tuesday with selling $8 million of fake Facebook shares ahead of the social network's highly anticipated public offering, officials said.
SAC hedge funds fined $614 mn for insider trades
Mar 15, 2013 19:17 EDT
The SEC announced insider trading fines of more than $614 million Friday for affiliates of billionaire Steven A. Cohen's SAC Capital Advisers, dealing another blow to the embattled hedge fund titan.
SEC fines SAC unit $600 mn over insider trades
Mar 15, 2013 14:53 EDT
The SEC announced Friday it was fining a unit of the hedge fund SAC Capital Advisors more than $600 million over insider trades that netted hundreds of millions of dollars in illicit profits.
FBI examining possible Heinz insider trades
Feb 19, 2013 19:08 EST
The FBI is examining possible insider trading in Heinz shares ahead of last week's buyout announcement, after US regulators identified suspicious trades from a Swiss account, a spokeswoman said Tuesday.
SEC alleges Swiss insider trading on Heinz buyout
Feb 15, 2013 18:03 EST
US regulators Friday obtained an emergency court order to freeze a Swiss bank account they suspect was used for insider trading ahead the Berkshire Hathaway-3G Capital buyout of HJ Heinz.
Australia jails China executive for insider trading
Feb 15, 2013 03:25 EST
An Australian court on Friday sentenced a former vice president of Chinese company Hanlong Mining Investment to more than two years in jail for insider trading, officials said.
Japan's Olympus cuts full-year earnings forecast
Feb 12, 2013 03:08 EST
Japan's Olympus on Tuesday cut its full-year earnings forecast citing weak demand for digital cameras as the troubled company looks to jump back to profitability after an embarrassing accounting scandal.
Caterpillar profit drops as it braces for slowdown
Jan 28, 2013 13:25 EST
Caterpillar on Monday reported a 55 percent drop in fourth-quarter profit from a year ago, hit by a big charge on a Chinese acquisition after accounting fraud was found.
Caterpillar 2012 earnings rise less than expected
Jan 28, 2013 09:40 EST
The US construction equipment group Caterpillar posted on Monday a 15-percent rise in 2012 net profit, but that was below market expectations owing in large part to a charge of $580 million that arose from accounting fraud at the group's new Chinese unit Siwei.
Five years in prison for Stanford Ponzi scheme star witness
Jan 22, 2013 13:13 EST
The chief financial officer for a $7 billion Ponzi scheme was sentenced to five years in prison Tuesday after acting as the US government's star witness against Allen Stanford, architect of the massive fraud operation.
UK court approves ex-Credit Suisse trader's US extradition
Jan 14, 2013 10:00 EST
A British court on Monday approved the extradition of a former senior Credit Suisse trader to the United States to face charges over a $540-million (404-million-euro) fraud.
Madoff's brother sentenced to 10 years for fraud
Dec 20, 2012 18:40 EST
Peter Madoff, brother of shamed US financier Bernard Madoff, was sentenced Thursday to 10 years in prison for cooking the books at the family investment firm.
Libor rate-rigging probe stepped up, arrests made
Dec 11, 2012 21:33 EST
The Serious Fraud Office has stepped up its probe into rigging of the Libor interbank lending rate, making its first arrests in a scandal that has shaken faith in London's role at the heart of the global financial system.
Three held in UK Libor manipulation probe
Dec 11, 2012 07:37 EST
British police and investigators arrested three men on Tuesday on suspicion of manipulating the interbank lending rate Libor, the Serious Fraud Office said.
Three held in UK over manipulating Libor rate
Dec 11, 2012 07:04 EST
British police and investigators arrested three men on Tuesday on suspicion of manipulating the interbank landing rate Libor, the Serious Fraud Office said.
Hedge fund shuts in wake of insider case
Dec 06, 2012 15:22 EST
US hedge fund Diamondback Capital Management, fined for insider trading this year, announced Thursday it was shutting down its funds after substantial investor withdrawals.
Ex-Goldman director Gupta to remain free on bail
Dec 04, 2012 15:27 EST
Former Goldman Sachs board member Rajat Gupta can remain free on bail while he appeals his conviction for insider trading, a federal court in New York ruled Tuesday.
Barbs fly between HP and former exec on probe
Nov 27, 2012 15:05 EST
Hewlett-Packard and the former head of a British software firm it acquired traded barbs Tuesday over the US firm's allegations of deliberate accounting tricks ahead of a massive writedown.
UBS punished with double whammy over rogue trader
Nov 26, 2012 15:21 EST
Swiss banking giant UBS was hit twice over on Monday for allowing a rogue trader to commit massive fraud, with British regulators imposing a nearly $50-million fine and Switzerland banning its investment bank from staging takeovers.
