Blog
Emmanuel Constant
The AP reported that Mr. Constant was convicted of operating a mortgage fraud scheme that cheated lenders out of $1.7M. He faces up to 15 years in jail when he is sentenced in September. Despite a 1995 deportation order, Mr. Constant was allowed to remain because of...
Reinhard Siekaszek
Mr. Siekaczek was convicted of corruption after admitting to setting up slush funds to pay bribes. He received a suspended two-year suspended sentence and was fined $170,000 for participating in making illegal payments by Siemens. Mr. Siekaczek was found guilty on 49...
Oil traders face US civil action
As the price of oil has risen sharply since last year, the watchdog has turned its focus on the activities of speculators. It is feared that traders have contributed to swings in oil prices. Bastiaan van Kempen, the boss of Chicago-based Optiver, a subsidiary of...
Reports Find Errors and Fraud in Small Business Administration Contracts
Excerpt: "Officials at the Interior Department said the inspector general’s report uncovered only $5.7 million in misdirected contracts. That was a small fraction of the agency’s overall small business contract awards, which totaled $1.39 billion in fiscal year...
Kremlin Rules – An Investment in Russia Gets Trapped in Kremlin’s Vise
The nytimes.com article by Clifford J. Levy seen here tells about William F. Browder, an international business man and how his Russian business was muscled out from under him by corrupt officials. Depending on who tells the story, either the Kremlin Fleeced Browder,...
Ralph Cioffi and Matthew Tannin
The Ex-Bear Sterns hedge fund managers who have already been indicted for fraud and conspiracy may see more charges put on them in the fall reports nytimes.com. They were originally accused of misleading investors about the health of two hedge funds that collapsed...
LGT Bank
The US, UK, Germany and other countries (Australia, Italy, France, Sweden, Canada, New Zealand, Spain and the Czech Republic) are looking into a bank in Liechtenstein where account holders are thought to have been evading taxes. The United Kingdom's tax...
Randall T. Treadwell, Ricky D. Sluder, Arnulfo M. Acosta, and Larry C. Saturday
Treadwell, Sluder, and Saturday were found guilty of wire fraud and conspiracy while Acosta pleaded guilty prior to the trial to conspiracy and making a false statement to a federal officer. In the indictment they were charged with fraudulently soliciting over $50M...