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In March 2017, the U.S. Department of Justice criminally indicted the CMED founder and CEO, as well as the former Chief Financial Officer, charging them with securities fraud and wire fraud conspiracy for stealing more than $400 million from investors as part of a seven-year scheme. National Bank of Anguilla and Caribbean Commercial Bank Anguilla
List of companies convicted of felony offenses in the United States; Compass Group; Constructive dismissal; Consumer Financial Protection Bureau; Contingent work; Control fraud; Cookie jar accounting; Corporate Crime in the Pharmaceutical Industry; Corporate manslaughter; Corporate manslaughter in English law; Corporate Manslaughter and ...
Following is a list of securities frauds (also called stock frauds or investment frauds): 2003 Mutual-fund scandal: A number of major brokerages and mutual fund firms were accused of various deceptive acts that disadvantaged customers. Among them were late trading and market timing. Various SEC rules were enacted to curtail this practice. [1]
The case began in August 2018 when 10 individuals were indicted in connection to a business that U.S. attorneys said was selling counterfeit Apple and Samsung phones. Retrial ends in Idaho family ...
In a press release, the agency said it was made aware of the federal investigation into the members of the commercial driver's license unit in late 2022 and immediately took action, launching an ...
In December 2010, the SEC, the Department of Justice and other federal and state agencies announced the results of "Operation Broken Trust", a coordinated effort by the Financial Fraud Enforcement Task Force to target investment fraud. The operation resulted in prosecutions against 310 criminal defendants involving $8.3 billion in losses and ...
The data for individual banks shows the increase in fraud and scams. PNC Bank had 8,848 cases on Zelle in 2020, and is on pace to have roughly 12,300 cases this year. US Bank had 14,886 cases in ...
Commercial crimes, mostly focusing on white-collar crime. Defined as financially motivated, nonviolent crime committed by businesses and government professionals. [ 1 ]