Stock Groups

Barclays, RBS, HSBC, Credit Suisse, UBS fined for forex trading cartel

Photographed from Greenwich Park in London, January 17, 2017, are the banks’ financial offices in Canary Wharf. Ben Stansall | AFP | Getty Images Five banks were fined by the European Commission for their participation in illegal foreign currency trading cartels. The total fines for UBS, Barclays and RBS as well as HSBC, HSBC, HSBC, […]

Stock Groups

U.S. selling seized cryptocurrency in BitConnect fraud case

The sign can be seen in Washington, D.C., at the United States Department of Justice Headquarters on August 29, 2020. Reuters| Reuters U.S. Justice Department is selling $56 million of cryptocurrency that it took as part of an extensive Ponzi scheme investigation against a man who promotedBitConnect is an offshore cryptocurrency lending program authorities said […]

Stock Groups

Nvidia’s-Arm takeover faces U.K. national security inquiry

Jensen Huang CEO, Nvidia Rick Wilking | Reuters LONDON — The U.K. government announced Tuesday that it wants a full-blown investigation into Nvidia’sTakeover by Arm of Cambridge chip designer Arm. This is widely considered to be the jewel in British tech’s crown. Nadine Dorries, Digital and Culture Secretary ordered a “phase 2” probeInvestigation into Nvidia’s […]

Stock Groups

Government will rest next week

Elizabeth Holmes is the founder and CEO at Theranos. Reuters| Reuters SAN JOSE, CALIF. — The surprise announcement by the government Wednesday was that Elizabeth Holmes (ex-CEO of Theranos) would not be prosecuted in her criminal fraud trial. Jeffrey Schenk (assistant U.S. Attorney) stated that it is probable that the government will be resting next […]

Stock Groups

Google loses battle with EU as court upholds 2017 order

Google’s logo and the European Union flag are seen together. NurPhoto | NurPhoto | Getty Images Wednesday was ruled by the EU General Court that the European Commission was correct in fining Google for an antirust breach — in what represents a landmark moment for antitrust policy in the European Union. This ruling follows a […]

Stock Groups

Stock hijacker Mark Miller pleads guilty in pump-and-dump scheme

On Monday, July 20, 2019, a pedestrian in a mask gazes at a phone while walking in front the New York Stock Exchange. Getty Images| Bloomberg | Getty Images Minnesota’s general contractor plead guilty on Thursday to the charges. scheme to hijack dormant shell companies and then pump-and-dump their stock shares on the over-the-counter market […]

Stock Groups

18 former NBA players charged in alleged $4 million health insurance fraud

Glen Davis, #0 from the Los Angeles Clippers will face the Houston Rockets at Game Two of Western Conference Semifinals during 2015 NBA Playoffs. It took place on May 6, 2015 at Houston’s Toyota Center. National Basketball Association | National Basketball Association | Getty Images Former NBA players (18 including Ronald Glen Davis of the […]

Stock Groups

Elizabeth Holmes knew machines weren’t working, says ex-lab director

Elizabeth Holmes (founder of Theranos Inc.), arrives in San Jose on Wednesday, September 22, 2021. Getty Images| Bloomberg | Getty Images SAN JOSE (CALIF.) — On Friday, a former director of Theranos’ lab acknowledged that he was able to discuss his concerns with Elizabeth Holmes, former CEO of Theranos. Adam Rosendorff began his career at […]

Stock Groups

Defendants in stock hijacking case set to plead guilty

Comstock | Stockbyte | Getty Images Two of the three men criminally charged with a brazen scheme to hijack dormant shell companies and fraudulently pump up their stock shares are now set to plead guilty in the case in October, court records reveal. Records show that Christopher James Rajkaran from Queens (New York) and Guyana […]

Stock Groups

Huawei CFO Meng Wanzhou to be released after agreement with U.S. in fraud case

Huawei chief financial officer Meng Wanzhou arrives at British Columbia Supreme Court with her security detail for the afternoon session of her extradition hearing, August 4, 2021 in Vancouver, Canada. AFP | AFP | Getty Images The chief financial officer of Chinese tech firm Huawei will be released and allowed to return to China after […]