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The Trump Organization, convicted of tax fraud, scheming to defraud, conspiracy, and falsifying business records. [9] Tyson Foods; Volkswagen, pleaded guilty to 3 criminal felonies related to its emissions scandal. [10] Waste Management, Inc; The Boeing Company, pleaded guilty to one count of conspiracy to defraud the United States. This charge ...
Conceptually, fraudulent trading is similar to a fraudulent conveyance, [2] but the key distinction is that an application to have a transaction set aside as a fraudulent conveyance usually requires to the third party beneficiary to disgorge the benefit of the conveyance to undo the loss to the company's assets, whereas a court order in ...
After becoming a public company in August 2005, it was revealed that Phillip R. Bennett, the company's CEO and chairman, had concealed $430m of bad debts. Its underwriters were Credit Suisse First Boston, Goldman Sachs, and Bank of America Corp. The company entered Chapter 11 and Bennett was sentenced to 16 years in prison. Bear Stearns: United ...
Yet another investor fraud trial is starting today. Founder fraud cases are stacking up, even as federal prosecutors warn about ‘fake it till you make it’ culture
Wiederhorn’s alleged fraud accounted for roughly 44% of Fat Brands’ revenue from 2017 to 2021, which meant the company often wasn’t able to pay its bills.
Legal claims against the pharmaceutical industry have varied widely over the past two decades, including Medicare and Medicaid fraud, off-label promotion, and inadequate manufacturing practices. [ 3 ] [ 4 ] With respect to off-label promotion, specifically, a federal court recognized off-label promotion as a violation of the False Claims Act ...
Vroegh v. Eastman Kodak Company: false advertising, unfair business practices, breach of contract, fraud, deceit and/or misrepresentation: World Jewish Congress lawsuit against Swiss banks: retrieving deposits from dormant bank accounts: 2000
Securities fraud, also known as stock fraud and investment fraud, is a deceptive practice in the stock or commodities markets that induces investors to make purchase or sale decisions on the basis of false information.