NEW YORK, Jan 2 (Reuters) - Deutsche Bank AG hassettled a U.S. lawsuit in which shareholders accused it ofmisrepresenting its ability to handle risks associated withmortgage debt prior to the 2008 financial (RT @nateraymond: Deutsche Bank, U.S.
'Dead' US bank manager is arrested on fraud charges 18 months after staging ... Sydney Morning Herald Atlanta: A south Georgia bank director accused of losing millions of investor dollars before vanishing is set to appear in court.
First, Chinese authorities announced they were investigatingGlaxoSmithKline and other pharma companies for bribing doctors, hospitals and government officials to buy and prescribe their drugs. Glaxo is accused of using a Shanghai travel agency to funnel at least $489 million in bribes.
Then the New York Times revealed last week the alarming news that aninternal Glaxo audit found serious problems with the way research was conducted at the company’s Shanghai research and development center.
Glaxo is a leader in pharma fraud and wrongdoing, with other industry heavyweights close behind. Over the past decade, whistleblowers and government investigations in the US have exposed a never-ending series of problems by numerous pharma companies in all facets of the industry, starting with fraudulent “research” papers used to bolster marketing and continuing through to the manufacture of contaminated and defective products, the marketing of drugs for unapproved and life-threatening uses and the mispricing of prescription drugs.
Big pharma’s woes in China underscore that the industry – despite huge penalties and a long string of public mea culpas – has a fraud habit that is just too profitable to kick. Finding a cure should be a top priority of regulators worldwide.
Investors are seeking at least $5.75 billion from J.P. Morgan Chase & Co. in a bid to recover losses from mortgage-backed securities sold to them before the financial crisis, said people familiar with the talks.
Palestinian American woman Rasmieh Yousef Odeh has been charged with immigration fraud as authorities allege she lied about her involvement in a deadly terrorist attack in Israel over 40 years ago.Odeh, 69-years-old, came to the United States in...
(Sparks, NV) — The Nevada Office of the Military has released more information about the Sparks Middle School teacher who died in Monday’s shooting. Master Sgt. Michael Landsberry was born on January 20, 1968, in Birmingham, Ala.
The sentencing closes another chapter in Dwek's six-year cooperation with federal authorities after his 2006 arrest on charges of kiting $50 million in checks from PNC Bank that could have landed him behind bars for up to 30 years...
Daily Mail Martha Stewart, Macy's settle lawsuit over Penney deal Reuters (Reuters) - Martha Stewart Living Omnimedia Inc (MSO.N) said on Thursday it settled a lawsuit with retailer Macy's Inc (M.N) over a home products deal with J.C.
The first sign of what would ultimately become a $3 billion fraud surfaced Jan. 11, 2000, when Fannie Mae executive Samuel Smith discovered Taylor, Bean & Whitaker Mortgage Corp. sold him a loan owned by someone else.
The annual Fair Lending Conference provides a close-up look at emerging trends in foreclosure, demolition and payday lending. This year's event looks at payday lending and the business practices of investors in foreclosed properties.
These questions will help you snare the most feature-rich mortgage possible, at a rate that’s better than average (The ultimate mortgage checklist: 63 must-ask questions for the best possible deal http://t.co/QIOq999MiV)...