Sentences with phrase «largest bank fraud»

Federal prosecutors have called Lee B. Farkas the «mastermind» behind one of the largest bank fraud schemes in history, which even led to a bank's collapse.

Lee B. Farkas, who federal prosecutors have considered the «mastermind» behind one of the largest bank fraud schemes in history, was sentenced on Thursday to 30 years in prison.

Not exact matches

None of them knew the other side of Brian Mahowny — the side that executed the largest single - handed bank fraud in Canadian history, grossing over $ 10 million in eighteen months to feed his gambling obsession.

The country's largest bank said there was no information that would allow account fraud.

'» Mortgage fraud became rife as bank regulators failed to protect consumers or the economy at large.

The most highly criminalized U.S. banks — Countrywide Washington Mutual (WaMu) and their cohorts deepest into fraud in recent years — were absorbed by the five largest U.S. «too big to fail» giants.

So there is no regulation of outright criminal behavior even by the largest banks such as Citicorp and Bank of America where fraud was concentrated.

That action for foreign currency rigging came less than two years after the bank was charged with two felony counts and given a deferred prosecution agreement for aiding and abetting Bernie Madoff in the largest Ponzi fraud in history.

Bound by strict KYC / AML regulations, large banks have regularly and unilaterally closed accounts belonging to Bitcoin companies and individual traders, at times citing fraud and money laundering.

Haigh resigned as Managing Director of the Elland Road club last year, and has now been accused of some staggering cases of fraud, involving printing false invoices for large sums of money to be transferred into his bank account from various companies that Gulf Finance House (GFH) had done business with.

When the bursting housing bubble made it seem as if mortgage fraud perped by parties larger than brokers, bank clerks, and appraisers might finally matter.

A young New York stockbroker named Jordan Belfort (Leonardo DiCaprio) refuses to cooperate in a large securities fraud case involving corruption on Wall Street, corporate banking world and mob infiltration.

The movie tells the true story of the four men who took on the banks in one of the largest financial frauds ever in the US.

The 38 - year - old actor stars in the film about a New York stockbroker who refuses to cooperate in a large securities fraud case involving corruption on Wall Street, corporate banking world and mob infiltration.

With banks not working in those hours, they might be nervous about large frauds going on, and nobody realizing it before they lost millions.

The American Bankers Association notes that debit cards are by far the largest source of fraud against bank deposit accounts.

Owned and governed by five of the largest banks in the U.S., Bank of America, BB&T, JPMorgan Chase, Wells Fargo and Capital One, EWS makes it possible for banks to easily exchange information between organizations in order to prevent and combat fraud.

unfortunately we have been victim of the fraud and processed sepa payment from UK to Denmark for the large amount of money.my question is; how likely for fraudsters's bank to check beneficiary name as...

The only thing worse than being scammed out of a large sum of money that you owe a bank eager to collect it is to get a knock on your door one morning and find a number of serious - faced federal agents there to inform you that you'll need to come with them because they think you're guilty of wire fraud, conspiracy to commit money laundering, and god knows what else.

The Bank, BCCI, was found to have been involved with a large - scale fraud and other criminal acts, as a result of which the claimants, both employees of the bank, lost their jBank, BCCI, was found to have been involved with a large - scale fraud and other criminal acts, as a result of which the claimants, both employees of the bank, lost their jbank, lost their jobs.

Faced with the prospect of large losses, banks and traders have been scrambling to limit their exposure to financing agreements after Chinese authorities in May started to investigate claims of fraud at warehouses in Qingdao and Penglai.

He has for example acted in long - running litigation arising out of the privatisation of the railways of Kenya and Uganda, represented a European state in a dispute in relation to satellite surveillance services, a German bank in its claims arising out of a major fraud to sell non-existent tickets to the Beijing Olympics, a state oil and gas company in relation to a subsea drilling project in the Caribbean, and for a large Russian bank in a major jurisdictional dispute (VTB v. Nutritek).

We have defended directors and officers in a broad range of industries under directors and officers liability defense (D&O) policies, including directors and officers of small and large private companies, banks, and holding companies, who have been accused of breaching fiduciary duties, fraud, self - dealing, and overcompensation.

If no alleged perpetrators of fraud at major companies or banks end up being sent to prison, then the mere payment of large fines is a distinctly Pyrrhic victory in the long - term battle against fraud.

Most recently, he was instructed by Steptoe & Johnson to lead the four - strong bar team for the claimant (one of Russia's largest banks) in National Bank Trust v Yurov & others, a US$ 850 million fraud claim in the English Commercial Court.

LKB v Antonov (Commercial Court): Acting for the Claimant in a # 70m fraud claim arising out of the collapse of one of the largest retail banks in Latvia

Patrick has been involved in some of the largest civil fraud claims in recent years including the JSC Mezhdunarodniy Promyshelnniy Bank v Pugachev litigation on applications for # 1.17 billion freezing orders, search orders, passport orders and committal applications and the $ 2 billion LIA v Societe Generale litigation, involving allegations of bribery and undue influence.

His experience includes health care fraud, investment fraud, securities fraud, Foreign Corrupt Practices Act, bank fraud, embezzlement, Qui Tam, large scale corporate identity theft, tax fraud / copyright / trademark infringement, FDA fraud / mislabeling, financial crimes, public corruption, organized crime and drug trafficking.

With respect to corporate litigation, Dan has represented corporations and senior executives against claims of fraud, RICO, breach of contract, breach of fiduciary duty, and fraudulent transfer claims.With respect to white collar criminal defense matters, Dan has represented large companies, corporate executives and other individuals in cases of mail fraud, tax fraud, bank fraud, violations of the Food, Drug, and Cosmetic Act, in addition to other complex crimes.

In the case of United States v. Scheinberg, against the founders of the three largest online poker companies, PokerStars, Full Tilt Poker and Cereus (Absolute Poker / Ultimatebet), and a handful of their associates, which alleges that the defendants violated the Unlawful Internet Gambling Enforcement Act (UIGEA) and engaged in bank fraud and money laundering in order to process transfers to and from their customers.

Obtained dismissal of US securities shareholder class action brought against the UK's largest retail bank regarding alleged fraud in connection with acquisition of HBOS during 2008 financial crisis

If your bank is more skittish or you make a larger transaction, your bank's fraud prevention department may contact you to confirm the transaction before allowing it to go through.

Plus, if the CEO of the largest bank in the U.S. can call bitcoin a fraud, while his institution is building a private blockchain based on ethereum (a protocol that probably would never have existed without bitcoin), then why should anyone bother choosing their words carefully?

In fact, sometimes it's easier to commit fraud through FinTech companies than it is large banking corporations like Bank of America or Chase.

One of the Middle East's largest banking groups is pushing ahead on a plan to use blockchain to prevent paper cheque fraud.

Considered one of the largest corporate frauds in U.S. history, it even led to a collapse of a bank.