[ad_1] LONDON (Reuters) – A London-based former Citigroup C.N trader is suing the U.S. bank for more than $112 million, alleging it made materially false and malicious statements to U.S.…
Tag: Financial Fraud / Securities Fraud
Danske Bank auditor EY reported to fraud squad over 2014 report
[ad_1] COPENHAGEN (Reuters) – Accountant EY’s audit of scandal-hit Danske Bank came under scrutiny on Friday as Danish authorities asked the state prosecutor for financial fraud to investigate the matter.…
Trump foe Michael Avenatti indicted for financial crimes
[ad_1] (Reuters) – Michael Avenatti, the combative lawyer known for his battles with U.S. President Donald Trump, was indicted on charges of defrauding clients, including allegations that he withheld a…
Italian prosecutor says investigating Switzerland’s PKB bank, managers
[ad_1] MILAN (Reuters) – Eighteen managers of Swiss private bank PKB Privatbank SA Lugano are under investigation in Italy for fiscal fraud and money laundering, Milan’s Chief Prosecutor Francesco Greco…
HSBC alleges Zenrock sought multiple loans for same oil cargo – court document
[ad_1] By Roslan Khasawneh, Anshuman Daga SINGAPORE (Reuters) – HSBC Holdings PLC HSBA.L has alleged that Singapore-based Zenrock Commodities Trading Pte Ltd engaged in a series of “highly dishonest transactions”…
Swedish FSA fines SEB for lax anti-money laundering measures in Baltics
[ad_1] By Colm Fulton, Simon Johnson STOCKHOLM (Reuters) – Sweden’s financial watchdog on Thursday fined lender SEB SEBa.ST 1 billion crowns (£86 million) for failures in compliance and governance in…
Swiss court convicts man in Petrobras corruption case
[ad_1] GENEVA, Feb 26 (Reuters) – A court found a Swiss-Brazilian man guilty on Wednesday of complicity in bribery and money laundering, marking Switzerland’s first conviction related to a probe…
From romance scams to phantom PPE, banks battle coronavirus crimewave
[ad_1] By Sinead Cruise, Lawrence White LONDON (Reuters) – Fraud risk analyst Rajendran Raj was used to the odd out-of-hours alert from authorities, but a call one Saturday in March…