Financial Scandals and Frauds

Corporate Fraud Losses Rocket To £960m - Sky News - Thu 02 Jul, 11:56 AM
Corporate fraud has rocketed to almost double the rate seen last year, but experts warn that things will get a lot worse.

Keydata sale on hold after £103m fraud claim - ShareCast - Wed 01 Jul, 01:29 PM
Attempts to sell failed structured products distributor Keydata have faltered after administrator PWC said £103m of funds backing three income bond products may have been "misappropriated."

Fraud Office Freezes $100m Stanford Assets - Sky News - Tue 30 Jun, 01:02 PM
The Serious Fraud Office has obtained a restraining order on more than $100m of UK assets linked to alleged fraudster Sir Allen Stanford.

Update: Madoff gets 150-years for fraud - ShareCast - Tue 30 Jun, 07:00 AM
Convicted fraudster Bernard Madoff has been given the maximum life sentence of 150 years for masterminding the $50bn (£30.3bn) ponzi-style investment fraud.

Fraud case, bankers' warnings highlight crisis threats - Reuters - Mon 29 Jun, 08:30 PM
NEW YORK (Reuters) - Investors got a sharp reminder of the threat of fraud on Monday from the sentencing of swindler Bernard Madoff, and the world's central bankers said that only financial products certified as safe should be sold to consumers.

Madoff Jailed For 150 Years For £30bn Fraud - Sky News - Mon 29 Jun, 08:13 PM
Crooked Wall Street financier Bernard Madoff has been sentenced to 150 years in jail for swindling investors out of billions of pounds.

QUOTEBOX-UPDATE 1-Madoff gets 150 years in prison for fraud - Reuters - Mon 29 Jun, 07:00 PM
NEW YORK (Reuters) - Confessed swindler Bernard Madoff, 71, was sentenced to 150 years in prison on Monday for perpetrating Wall Street's biggest and most brazen investment fraud.

QUOTEBOX: Madoff gets life in prison for massive fraud - Reuters - Mon 29 Jun, 05:36 PM
NEW YORK (Reuters) - Confessed Wall Street thief Bernard Madoff, 71, was sentenced to 150 years in prison on Monday for perpetrating Wall Street's biggest and most brazen investment fraud.

Texas cricket mogul pleads not guilty to fraud - AFP - Fri 26 Jun, 04:43 AM
Texan cricket mogul and billionaire financier Allen Stanford pleaded not guilty to 21 charges of multi-billion dollar fraud, money-laundering and obstruction.

Antigua arrests ex-regulator in Stanford fraud case 01:18 AM [ Reuters]
Allen Stanford pleads not guilty in fraud case 01:18 AM [ Reuters]
Former Southwestern Resources CEO admits fraud 10:05 PM [ Reuters]
Texan cricket mogul pleads not guilty to fraud 07:36 PM [ AFP ]
Antigua sacks top regulator over Stanford fraud case 11:21 PM [ Reuters]

Madoff feeder fund charged with fraud 04:06 AM [ AFP ]
U.S. SEC charges Madoff recruiters with fraud 08:55 PM [ Reuters]

Texan cricket mogul, four others charged with fraud 12:40 AM [ AFP ]
Q+A - Stanford charged in fraud scheme 08:52 PM [ Reuters]
Financier Stanford, four others charged with fraud 05:13 PM [ AFP ]
Stanford to face federal court on fraud charges 04:42 PM [ AFP ]
FACTBOX - Stanford, 4 others face fraud charges 04:41 PM [ Reuters]

Stanford to appear in federal court on fraud charges 03:51 PM [ AFP ]
Stanford in court in massive fraud case 01:10 PM [ Reuters]
Stanford to appear in court on fraud charges 10:17 AM [ AFP ]
Stanford arrested over fraud allegations 09:24 AM [ ShareCast]
Stanford turns himself in on fraud charge: report 07:10 AM [ AFP ]

SAfrican expat denies 1.2 bln dlr 'Ponzi' fraud 09:20 AM [ AFP ]
Ex-Countrywide CEO accused on fraud 09:30 PM [ AFP ]
Bank of China managers jailed in US for fraud 12:52 AM [ AFP ]
Dutch Martinair exec pleads guilty in US to price-fixing 10:41 PM [ AFP ]
Four foreign banks in Italy fraud probe: reports 05:40 PM [ AFP ]

Switzerland, US discuss UBS fraud case 10:08 PM [ AFP ]
Nigerian power agency officials charged with fraud 08:47 AM [ AFP ]
Fraud probes dog US bank bailout 08:29 PM [ AFP ]
US bank bailout triggers nearly 20 fraud probes 06:26 PM [ AFP ]
Ex-Yukos chief Khodorkovsky pleads not guilty 11:08 AM [ AFP ]

UBS client pleads guilty to US tax evasion 09:50 PM [ AFP ]
Sale of scandal-tainted Satyam enters last lap 06:00 AM [ AFP ]
Three foreign airlines to plead guilty to cargo price-fixing: US 05:29 PM [ AFP ]

India's scandal-hit Satyam to pick winning bid April 13 09:09 PM [ AFP ]
Florida man first to be charged in UBS tax fraud 07:53 PM [ AFP ]