Sentences with phrase «which financial fraud»

Not exact matches

1MDB, which was launched in 2008 as one of Najib's pet projects, has been under scrutiny for months amid allegations of financial fraud.

Besides the immediate halt on trading, the over 60 platforms that have completed ICOs must liquidate and refund investors, according to the new rule, which was introduced to reduce financial fraud.

It has been relegated to many narrow use cases involving pattern recognition and prediction (some of which are very valuable and useful, such as improving cancer detection, identifying financial risk and fraud, and other high performance computing applications), but it has not developed a general «understanding» of human interactions, human emotions, speech patterns and human responses to information.

Research shows that the four focuses of DASH for the STASH — financial fraud, building a nest egg, selecting financial advisers, and the cost of investment fees — are all topics about which many investors need to learn more.

And, as United States Attorney from the Eastern District of New York, she was involved in two high profile financial fraud cases, one in which Citicorp paid $ 7 billion in settlement for its role in the mortgage - backed securities fraud, and one in which HSBC paid $ 1.7 billion and took a deferred prosecution agreement for facilitating money - laundering.

On March 27, 2014, JPMC and the bankruptcy trustee for Peregrine Financial Group, Inc. agreed to a $ 15 million settlement of claims against JPMC alleging JPMC allowed fraud to occur at Peregrine, which was bankrupted after its founder looted hundreds of millions of dollars from customer accounts.

They were also accused of failing to appropriately disclose their foreign work and foreign assets, and of committing tax, financial, and bank fraud crimes, some of which took place as recently as last year.

In the province of Québec, Québec's securities regulator, the Autorité des marchés financiers (AMF), administers a compensation fund (the Fonds d'indemnisation des services financiers) which can compensate victims for losses resulting from fraud where the fraud is committed during the distribution of financial products or services.

Hensarling stated during the Q&A that House Financial Services, which has launched an investigation into the Wells Fargo scam, wants to know «why a fraud of this massive scale took place.»

In a 28 - point response sighted by ClassFMonline.com, Mrs Osei denied any acts of fraud or financial malfeasance on her part as claimed by her accusers based on which they have petitioned President Nana Akufo - Addo to remove her.

He noted Towns, who chairs the House Committee on Oversight and Government Reform, was noncommittal when asked by Rep. Darrell Issa, a California Republican, to subpoena records from the «Friends of Angelo» loan program through which the former CEO of Countrywide Financial charged with fraud and insider trading by the SEC provided sweetheart mortgages to Connecticut Sen. Chris Dodd and others.

Governor Ayodele Fayose of Ekiti State, on Friday, challenged President Muhammadu Buhari to direct the Economic and Financial Crimes Commission (EFCC) to charge the Peoples Democratic Party (PDP) National Publicity Secretary, Chief Olisa Metuh to court if the commission was sure of evidences of fraud against him, saying «the EFCC appears to be operating a system in which an accused person is first arrested, detained endlessly while the anti-corruption agency goes about looking for evidence.»

His other major financial - crime victories include snaring a record $ 1.2 billion penalty from Steven Cohen's firm, SAC Capital Advisors, which pleaded guilty to insider - trading violations in November 2013; and nailing technology - research analyst John Kinnucan, who pleaded guilty to securities - fraud charges in July 2012.

The United States Federal Bureau of Investigation, FBI, has commended the Economic and Financial Crimes Commission, EFCC, for its dedication and support in bursting a high profile Business E-mail Compromise, BEC, fraud in Dallas, Texas, which led to the arrest and eventual of a Nigerian, Amechi Colvis Amuegbunam.

The Economic and Financial Crimes Commission on Tuesday narrated to the Federal High Court in Lagos how it apprehended the alleged kingpin of a fraud syndicate which specialised in duping Bureau De Change operators in the country.

Thanking government and other financial institutions for their support, Chief Executive officer for PaySwitch Kojo Choi said his outfit was committed to delivering on all promises made to its clients, which includes a convergent payment solution ranging from card issuance, hosting, fraud solution, payment aggregation and consultancy.

EFCC Kicks Against Bail for Agbele The Economic and Financial Crime Commission has said it will immediately appeal the ruling of a Federal Capital Territory High Court which today granted bail to one Abiodun Agbele, a suspect who is being investigated by the Commission for a range of alleged criminal infractions bordering on fraud and -LSB-...]

ExED offers client schools a valuable Financial Oversight Toolkit which shares our collective wisdom regarding financial oversight best practices, and includes primers on such topics as school roles and responsibilities, fraud and mismanagement, and 50 Smart Questions about financial maFinancial Oversight Toolkit which shares our collective wisdom regarding financial oversight best practices, and includes primers on such topics as school roles and responsibilities, fraud and mismanagement, and 50 Smart Questions about financial mafinancial oversight best practices, and includes primers on such topics as school roles and responsibilities, fraud and mismanagement, and 50 Smart Questions about financial mafinancial management.

Governor Malloy's tenure has been characterized by denigrating teachers, vigorously opposing adequate funding of public schools and vastly increasing financial support for privately run charter schools which fail to serve the state's neediest children, including English Language Learners and students with disabilities, have disturbingly harsh disciplinary policies, increase racial isolation, drain public money from needy public schools and have even been implicated in fraud and theft.

This lack of oversight laid the foundation for a recent report from the Center for Popular Democracy and the Alliance to Reclaim Our Schools (AROS), which found some $ 200 million in «alleged and confirmed financial fraud, waste, abuse, and mismanagement» committed by charter schools around the country.

«Randy Susan Meyers borrowed a real - life story for the building blocks of her fourth novel, «The Widow of Wall Street,» which chronicles a couple's marriage as they amass great wealth and then lose it all when the husband is revealed to have committed financial fraud....

Unfortunately, many people try to get out of a tough financial situation by claiming that their own behaviors were actually those of a credit card thief, which makes it hard for people who are actually victims of fraud to be believed.

Find out which retail chains have been hit and where you can go for help to protect yourself from identity theft, scams and financial fraud.

That said, SIGTARP gathered data on the TARP, which led to a decent number of small and medium - sized fraud cases, and constrained the open - handed nature of the US Treasury toward financial companies, which could have result in a lot more fraud, and / or higher costs to the taxpayer.

He mentions Norshield Asset Management, a Montreal - based fund of hedge funds that collapsed after allegations of fraud, and Abria Financial Group, which had a fund wiped out after a hedge fund it invested in made a bad bet on natural gas prices.

This past evening, my wife and I watched The Billion Dollar Bubble, which was the largest financial fraud up until Madoff.

The Vancouver Sun reported on yet another alleged fraud in which a former financial advisor sold extremely risky securities to retirees and senior citizens.

This was an epic financial failure and the degree to which that failure was the result of fraud will shake out in the many lawsuits that are filed.

I've only experienced it as an actuary working in financial reporting, and it amazed me to see the detail work that they went through of checking cash flows (which should be done — how else do we detect fraud?)

Examples of information we receive from other sources includes credit history information from credit bureaus, which we use to help prevent and detect fraud and to offer certain credit or financial services to some customers.

With their focus on the financial responsibility level of the borrower, they have less defaults and fraud, which allows them to offer some of the lowest APRs on unsecured personal loans.

the policies and practices of financial institutions in dealing with fraud (for example, the ease with which they provide applicants with credit cards and convenience checks).

From a financial standpoint, many mill animals may have congenital abnormalities that are not revealed to the buyer, which is, essentially, consumer fraud.

If the departure from scientific method and professional integrity of «The Team» has been hateful and destructive to the physical sciences throughout the Western world, the activities of the mainstream media, our politicians, our financial sector, and our «environmentalist» screaming hysterics have been nothing less than criminal fraud, for which they deserve the harshest punishment imaginable.

Other opinions point out that many offences affecting the financial interests of the EU are situated at a purely national level and are often linked to other types of fraud or criminality, hence criticizing the EPPO's wide ancillary competence for offences which are inextricably linked with EU fraud (e.g. the Romanian Chamber of Deputies, Dutch Senate, German Bundesrat and the Cyprus House of Representatives).

He continued: «Our Director also set out the criteria he would take into account when deciding which cases we should accept for investigation: the impact of the case on UK financial plc in general and the City of London in particular; the scale of losses, actual or potential; the extent of the gain, actual or potential; whether we were dealing with a new kind of fraud or whether there was some other public interest reason for taking the case on.

The imprescriptibility sanctioned by Article 29 of the Rome Statute is the logical legal corollary to the prohibition of impunity and essential in the implementation phase of measures «to be taken -LSB-...] which shall act as a deterrent and be such as to afford effective protection in the Member States, and in all the Union's institutions, bodies, offices and agencie» in accordance with Article 325 TFEU on which the EU sanctions system to counter fraud affecting the financial interests of the Union is based.

Oberg then demonstrates how such criteria could be applied to some actual examples of legislative initiatives — for instance, the Environmental Crimes Directive, the Market Abuse Crimes Directive, the (at the time of writing the book) proposed «PIF» Directive (i.e. on the fight against fraud to the Union's financial interests by criminal law), which meanwhile has been adopted — and demonstrates how sometimes the legislative initiatives and proposals would have failed his proposed testing.

This came in the aftermath of the Lehmans debacle and the ensuing financial crisis: more fraud is usually uncovered during a recession which might not come to light in better times.

One of the most prominent but less publically acknowledged crimes over the last few decades has been fraud, which in recent years has taken centre stage in large - scale political and financial issues, and been the bane of many nations» governments, especially as the benefits of certain jurisdictions...

The insurance policy covered losses resulting from «funds transfer fraud», which the policy defined as «fraudulent... instructions issued to a financial institution directing such institution to transfer, pay or deliver money or securities from any account maintained by an insured at such institution without an insured's knowledge or consent».

(3) to prevent, mitigate or rectify substantial injury to the financial interests or property of another that is reasonably certain to result or has resulted from the client's commission of a crime or fraud in furtherance of which the client has used the lawyer's services;

freezing orders served on banks and other financial institutions, possibly in fraud and other cases where there is risk that funds which are the subject of the dispute may be dissipated;

Represented individual investor in FINRA arbitration against former CEO of global financial services firm alleging fraud and misrepresentation, which resulted in a $ 10M settlement.

Representing a worldwide law firm in connection with litigation arising from the bankruptcy of a financial services company, which collapsed amid allegations of fraud.

One of the most prominent but less publically acknowledged crimes over the last few decades has been fraud, which in recent years has taken centre stage in large - scale political and financial issues, and been the bane of many nations» governments, especially as the benefits of certain jurisdictions make it easier to hide wrong - doings and deceive the system.

Conducting heavy Commercial Court proceedings in relation to a range of financial transactions in respect of which allegations of conspiracy, fraud, breach of tortious duty, breach of contract and breach of fiduciary duty under English and Luxembourg laws are all in issue.

Many companies remember to protect their physical property, but neglect to consider fraud, cybercrime, data loss and other technical incidents which can prove costly to a company's financial well - being.

Although Richardson's problems mainly stemmed from paternity fraud and the financial obligations from which he has now freed himself ««his experience would have been radically different if shared parenting had been assumed, he says.»

The 2013 Association for Financial Professionals Payments Fraud and Control Survey reported that 61 per cent of North American corporations experienced payment fraud, of which 87 per cent was attributed to paper cheques, and 28 per cent of companies suffered a financFinancial Professionals Payments Fraud and Control Survey reported that 61 per cent of North American corporations experienced payment fraud, of which 87 per cent was attributed to paper cheques, and 28 per cent of companies suffered a financialfinancial loss.