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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]
At one point, Madoff Securities was the largest market maker at the Nasdaq, and in 2008 was the sixth-largest market maker in S&P 500 stocks. [48] The firm also had an investment management and advisory division, which it did not publicize, that was the focus of the fraud investigation. [52]
The Madoff investment scandal was a major case of stock and securities fraud discovered in late 2008. [1] In December of that year, Bernie Madoff, the former Nasdaq chairman and founder of the Wall Street firm Bernard L. Madoff Investment Securities LLC, admitted that the wealth management arm of his business was an elaborate multi-billion-dollar Ponzi scheme.
The alleged fraud, amounting to a total of 564.1 billion yuan ($78 billion) over two years, is the largest ever financial fraud case in mainland China’s securities markets, according to previous ...
The largest instance of securities fraud committed by an individual ever is a Ponzi scheme operated by former NASDAQ chairman Bernard Madoff, which caused up to an estimated $64.8 billion in losses depending on which method is used to calculate the losses prior to its collapse.
Samsung Electronics Chairman Jay Y. Lee was found not guilty of accounting fraud and stock manipulation by a Seoul appeals court on Monday, in a ruling that could remove long-running legal risks ...
Breach of US law, by owning another bank. Fraud, money laundering and larceny. Better known as BCCI. Nordbanken: Sweden: 1991: Banking: Following market deregulation, there was a housing price bubble, and it burst. As part of a general rescue as the Swedish banking crisis unfolded, Nordbanken was nationalised for 64 billion kronor.
Two 39-year-old Estonian men are the alleged kingpins behind a massive half billion fraud targeting thousands of U.S. investors Amanda Gerut May 30, 2024 at 8:31 PM