Posted by Reuters: Business News on February 3, 2012
NEW YORK (Reuters) – New York State Attorney General Eric Schneiderman on Friday sued three major U.S. banks, accusing them of fraud for using an electronic mortgage database that resulted in deceptive and illegal practices, including false documents in foreclosure proceedings.
Posted by The PIPEs Report on January 31, 2012
The former chief procurement officer of PIPE issuer Syntax-Brillian Corp. was ordered to pay $48 mil…
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Posted by Reuters: Business News on January 30, 2012
LONDON (Reuters) – Former UBS trader Kweku Adoboli will stand trial in September after pleading not guilty on Monday to charges related to the loss of more than $2 billion on trades the Swiss bank says were unauthorized.
Posted by Reuters: Business News on January 20, 2012
(Reuters) – U.S. Attorney General Eric Holder and Lanny Breuer, head of the Justice Department’s criminal division, were partners for years at a Washington law firm that represented a Who’s Who of big banks and other companies at the center of alleged foreclosure fraud, a Reuters inquiry shows.
Posted by Reuters: Business News on December 19, 2011
TORONTO (Reuters) – Sino-Forest , a China-focused forestry company accused of fraud, said it received notices of default from its noteholders and set up a committee to look at options for the company that could include its sale.
Posted by Reuters: Business News on December 14, 2011
TOKYO (Reuters) – Japan’s disgraced Olympus Corp ironed out its crooked accounts on Wednesday after a 13-year fraud, with a $1.1 billion dent in its balance sheet triggering speculation it will need to merge, sell assets or raise capital to repair its finances.
Posted by Reuters: Business News on
TOKYO (Reuters) – Japan’s disgraced Olympus Corp ironed out its crooked accounts on Wednesday after a 13-year fraud, with a $1.1 billion dent in its balance sheet triggering speculation it will need to merge, sell assets or raise capital to repair its finances.
Posted by admin on December 13, 2011
Joseph Meuse and his firm Belmont Partners LLC, which identifies and sells public shell companies fo…
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Posted by admin on November 24, 2011
The $35 million independent investigation of alleged fraud against Canadian-based Chinese timber har…
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Posted by admin on November 15, 2011
Sino-Forest Corp., the embattled Chinese timber company with its headquarters in Mississauga, Canada…
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