SEC

SEC

Owners of Vermont Ski Resort Jay Peak Ran a ‘Ponzi-Like’ Scheme, SEC Says

One allegedly used investor funds to pay his income taxes. The owners of a northern Vermont ski resort operated a “Ponzi-like” scheme, spending $50 million of investor funds intended for an expansion of the property on personal expenses including a condo, U.S. financial regulators ...Read More

Nomura confirms EMEA and Americas restructuring – 1,000 jobs could go

Nomura Holdings today announced several changes to its Wholesale businesses in EMEA and the Americas, following a strategic assessment of its international operations. Since the second half of last year, global markets have experienced extreme volatility and a significant decline in liquidity, triggered by ...Read More

Who leaked the Panama Papers? A famous financial whistleblower says: CIA.

There are many conspiracy theories about the source of the Panama Papers leak. One of the more prominent theories today blames the CIA. Bradley Birkenfeld is “the most significant financial whistleblower of all time,” and he has opinions about who’s responsible for leaking the ...Read More

Compliance, Corruption, Chaos Around the World

Ukraine’s embattled prime minister resigns as corruption scandals shake Europe Fallout from corruption scandals continued to roil Europe on Sunday, as Ukrainian Prime Minister Arseny Yatsenyuk announced that he would resign amid a growing political crisis. Ex-FIFA vice-president Hawit pleads guilty to corruption charges ...Read More

The SEC Is Checking the ‘Panama Papers’ To See Who Paid Bribes

Laundered money can sometimes point to bribery and corruption involving public officials. The U.S. Securities and Exchange Commission will review the leaked “Panama Papers” exposing holders of thousands of hidden bank accounts for possible violations of anti-bribery law, said the head of the agency’s ...Read More
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