Posts Tagged “Fraud”
Let’s Sue Wall Street: SEC’s Aguilar
by The Compliance Exchange on April 18, 2013
In searching for a better way of policing Wall Street, SEC commissioner Luis Aguilar is onto something: Let investors sue their advisers the way they could sue their doctors for malpractice.
Exclusive: Risk ranking: China revamps anti-money laundering rules
by The Compliance Exchange on April 18, 2013
Chinese banks must rate their clients’ risk of criminal conduct on a scale of 1-5 as part of the central bank’s moves to curb money laundering and fraudulent transactions estimated at hundreds of billions of dollars a year.
Former CalPERS officials indicted on fraud, obstruction charges
by The Compliance Exchange on March 19, 2013
Federal prosecutors in San Francisco indicted former CalPERS Chief Executive Fred Buenrostro and former board member Alfred J.R. Villalobos on Monday afternoon as part of a years-long investigation into possible influence-peddling and corruption.
Fewer Investors Sued Companies For Fraud in 2012
by The Compliance Exchange on January 24, 2013
Newly filed federal securities fraud lawsuits that seek class-action status dropped sharply in 2012, according to a new report issued Wednesday.
Prosecutors: Peregrine Financial Fraud Loss Exceeds $215M
by The Compliance Exchange on January 23, 2013
Peregrine Financial Group’s former chief executive stole more than $215 million from customers of his now-defunct futures brokerage and should be sentenced to the maximum 50 years in jail, U.S. prosecutors said Tuesday.
New Rule Could Turn U.S. Hedge Funds Into Informers on Fraud
by The Compliance Exchange on January 4, 2013
U.S. financial regulators are pushing to turn hedge funds into informers on the white collar crime beat.
Finance Stocks Dominate The Market In 2012 Despite Continuous Fines, Scandals And Fraud (CHART)
by The Compliance Exchange on January 2, 2013
Quick, what was the best-performing stock sector in the U.S. in 2012? Here’s a hint: It was the sector that could not stop getting into trouble and paying billions of dollars in fines on a near-weekly basis.
Say Goodbye To The Irrepressible Wester Shadric Cooley
by James Welsh on December 19, 2012
Wester Shadric Cooley is an 81-year-old former congressman and convicted securities crook from Oregon who defrauded investors out of $10mm.
Of Scripture, Christianity, And Forex: Marc Perlman And His Deaf Victims
by James Welsh on December 14, 2012
Marc Perlman and iGlobal were charged by the CFTC with using Christianity and Scriptures as bait to lure deaf investors in a Ponzi scheme.
All That Glitters Isn’t … The Case of John Zanic
by James Welsh on December 10, 2012
Canadian John Zanic was fined and barred by the SEC from ever again participating in penny stock public offerings after a bribery fraud.
