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Suggested by
Operation Deja Vu
April 11, 2014 6:10 AM
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TOKYO (Reuters) - Olympus Corp on Wednesday said six Japanese trust banks have filed a lawsuit against the endoscope maker seeking 27.9 billion yen ($273 million) for damages relating to a $1.7 billion
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Suggested by
Operation Deja Vu
April 11, 2014 1:04 AM
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A Colorado Springs man who worked at a Pueblo bank pleaded guilty Monday to charges of bank fraud and illegally receiving kickbacks for making loans to a high school friend. Christopher Tumbaga, who was a loan officer at Colorado East Bank and Trust, made the plea as part of an agreement with federal prosecutors in which he agreed to cooperate in the case. Tumbaga is scheduled to be sentenced Sept. 30; he faces up to 30 years in prison, fines of up to $1 million, supervised release for up to five years and restitution on each of the two counts. Tumbaga's friend, Brian Headle, is scheduled to be tried Sept. 15 on seven counts of bank fraud and 11 counts of giving the kickbacks to Tumbaga.
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Suggested by
Operation Deja Vu
April 10, 2014 1:00 PM
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WEST TERRE HAUTE, Ind. (WTHI) - An employee of First Financial Bank, West Terre Haute branch was arrested for multiple counts of fraud, theft and one count of forgery. During an investigation that started in November of 2013, Amy Schaffer was suspected of committing theft and fraud against First Financial Bank. Documents were obtained that…
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Suggested by
Operation Deja Vu
April 9, 2014 12:00 PM
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It looked like the start to another fine year for one of Mexico’s most powerful bankers. Citigroup Inc. Co-President Manuel Medina-Mora held court last month at a Mexico City breakfast where colleagues talked shop over mango, melon and banana. He sat at the right arm of the nation’s president at another February meeting when Enrique Pena Nieto toasted the bank’s drive, charity and influence.
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Suggested by
Operation Deja Vu
April 9, 2014 11:00 AM
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ROCHESTER, NY—U.S. Attorney William J. Hochul, Jr. announced today that a jury has convicted Michael C. Kaufman and his son, Richard A. Kaufman, both of Pittsford, New York, of conspiracy to commit bank fraud, bank fraud, and loan fraud. The charges carry a maximum penalty of 30 years in prison, a fine of $1,000,000, or both.
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Scooped by
Anonymous Hades
April 2, 2014 11:32 AM
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The Transatlantic Trade and Investment Partnership ( TTIP – previously known as TAFTA, Trans-Atlantic Free Trade Agreement) is a trade agreement that is presently being negotiated...
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Suggested by
Operation Deja Vu
March 29, 2014 12:00 PM
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PALloyds has been accused of cutting its compensation payments for mis-sold payment protection insurance (PPI) by exploiting...
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Scooped by
Anonymous Hades
March 29, 2014 1:16 AM
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Michael J. Cavanagh, the longtime JPMorgan Chase executive who is preparing to join the Carlyle Group, will make $7 million in salary and bonus, and will also received restricted stock worth $32 million.
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Suggested by
Operation Deja Vu
March 28, 2014 2:56 AM
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Ronald Holmes, the father of NBA player Shabazz Muhammad, was sentenced in Las Vegas to 37 months in federal prison Thursday in a $2.5 million mortgage fraud scheme.
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Suggested by
Operation Deja Vu
March 20, 2014 3:29 AM
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An explosive scandal over oil revenues has gone toxic with President Goodluck Jonathan suspending the Central Bank governor who blew the whistle on $50 billion allegedly missing from state coffers, and accusing him of "financial recklessness."
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Suggested by
Operation Deja Vu
March 20, 2014 3:28 AM
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China Cinda Asset Management has always been opaque. Even after its $2.5 billion initial public offering last year, questions persist as to how exactly the “bad bank” makes money on distressed assets.
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Scooped by
Anonymous Hades
March 12, 2014 2:00 PM
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The owner and president of the Hallmark Institute of Photography in Conway pleaded guilty for using millions of company funds to pay for personal expenses.
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Scooped by
Anonymous Hades
March 8, 2014 7:16 AM
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Co-op Bank's boardroom review shows Paul Flowers was praised by fellow directors for his 'thorough preparation' The disgraced Methodist minister Paul Flowers was described as the "perfect choice" to lead the Co-operative Bank, according to a review...
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Suggested by
Operation Deja Vu
April 11, 2014 1:05 AM
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(Source: FBI) -- Yasuhiro Watanabe pleaded guilty in federal court in Oakland last Friday to conspiracy to commit bank fraud, announced United States Attorney
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Suggested by
Operation Deja Vu
April 11, 2014 1:02 AM
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A former Shorewood couple is headed for federal prison after more than a decade eluding authorities while living and doing business in Thailand and China
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Suggested by
Operation Deja Vu
April 10, 2014 12:05 PM
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Ricardo Mitchell II, 24, Parrish Roberts, 21, and Jillian Bysong, 35, all of south Florida, were a part of a five-member team that stole bank account numbers and other information from more than 10 people and three banks: Regions, Bank of America and Commerce Union Bank.
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Suggested by
Operation Deja Vu
April 9, 2014 11:00 AM
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Italian police say two men toting a briefcase stuffed with false bond certificates with a purported worth of trillions of euros (dollars) tried to bluff their way into the Vatican's exclusive bank in a foiled fraud plot.
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Suggested by
Operation Deja Vu
April 8, 2014 1:00 PM
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JEFFERSON CITY, Mo. (AP) — The former chairman of a mid-Missouri bank was sentenced to two years of probation for using federal bailout money to buy a luxury condominium in Florida.
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Suggested by
Operation Deja Vu
March 29, 2014 1:00 PM
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Deutsche Bank AG’s Frankfurt headquarters were raided today as part of a new probe of fraud allegations related to lawsuits filed by the late Leo Kirch while the third top executive was put under investigation.
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Suggested by
Operation Deja Vu
March 29, 2014 11:00 AM
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A southern Illinois businessman who federal investigators say made $1 million in a Madison County bid-rigging scandal has been ordered to spend more than a year in prison.
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Suggested by
Operation Deja Vu
March 28, 2014 3:02 AM
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Jackson County Circuit Judge Susan Beebe sentenced Michael Samulak, 40, to three years to 15 years in prison for second-degree home invasion. Samulak pleaded guilty in November to the offense and larceny of a firearm.
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Scooped by
Anonymous Hades
March 23, 2014 5:00 PM
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Ex-Barclays Plc Chief Executive Officer Bob Diamond received an e-mail in 2007 describing Libor rates as a “fantasy,” according to documents in the first U.K. lawsuit over manipulation of the benchmark.
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Suggested by
Operation Deja Vu
March 20, 2014 3:29 AM
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Bank of America Corp., Citigroup Inc. and Credit Suisse Group AG were among 16 of the world’s biggest banks sued by the U.S. Federal Deposit Insurance Corp. for allegedly manipulating the London interbank offered rate from 2007 to 2011.
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Suggested by
Operation Deja Vu
March 17, 2014 1:33 PM
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The average bonus paid to securities industry employees in New York City grew 15% last year to more than $164,000
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Scooped by
Anonymous Hades
March 11, 2014 12:00 PM
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As if there weren't enough reasons to cast a jaundiced eye on the banking system, Bloomberg reports that several international banks are now accused of manipulating a key benchmark, known as the gold fix, in the $20 trillion gold market. The charges of fixing gold prices in London are being leveled at Barclays, Deutsche Bank, ScotiaMocatta...
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