News about fraud

Kazakhstan prohibits Ponzi schemes The new legislation introduces 7-12-year-long prison terms for those arranging Ponzi schemes and bans advertising of such schemes.

15 January 2014

New York cops among 106 accused over 9/11 fraud Former New York police officers and firefighters were among 106 people indicted Tuesday over a "massive fraud" worth hundreds of millions of dollars, some in connection with the September 11 attacks.

08 January 2014

Six countries sign US pacts in fight against tax fraud The United States has signed anti-tax fraud pacts with six countries and territories including some considered tax havens, the US Treasury Department said Thursday.

20 December 2013

London's High Court sentences Ablyazov’s brother-in-law to 22 months in prison London's High Court has sentenced Salim Shalabayev, brother of Mukhtar Ablyazov wife Alma Shalabayeva, to 22 months in prison for contempt of court.

22 November 2013

Aktau tablet plant plays off Chinese devises as Kazakhstan-made Aktau-based tablets-producing plant has been buying Chinese devices and passing them off as Kazakhstan-made.

03 October 2013

16 Kazakhstan citizens accused of major fraud in US Four criminal cases have been initiated over the fraud. The cases involve the total of 55 people.

02 October 2013

Berlusconi's party MPs threaten mass resignation if he is expelled Lawmakers from Silvio Berlusconi's party threatened late Wednesday to resign en bloc if a senate committee votes to oust the former prime minister from parliament over a tax fraud conviction.

26 September 2013

China details charges against foreign fraud investigators Chinese state television put two foreign fraud investigators on display Tuesday as police announced they had been charged with illegally obtaining personal information.

27 August 2013

Suspects arraigned in US over global penny-stock fraud Six people appeared in US federal courts on Wednesday in connection with what American officials are calling one of the biggest international penny stock frauds ever investigated.

15 August 2013

US sues Bank of America for fraud over mortgage bonds The US government on Tuesday sued Bank of America for defrauding investors in the sale of $850 million in mortgage-backed securities ahead of the housing bust.

08 August 2013

Ablyazov may be jailed for 12 years in Ukraine Kazakhstan's ex-banker Mukhtar Ablyazov may be sentenced to 5 to 12 years in jail in Ukraine where he is accused of fraud.

05 August 2013

Italy's Berlusconi loses final appeal in landmark case Italy's ex-leader Silvio Berlusconi has lost his final appeal against a tax fraud sentence in a ruling that jolted the political establishment on Friday but left the government in place for now.

02 August 2013

Berlusconi's fate in the balance in key trial hearings Italy's top court begins crucial hearings for former prime minister Silvio Berlusconi on Tuesday that will decide whether to confirm a one-year prison sentence and a five-year ban from politics.

30 July 2013

Russia finds dead lawyer guilty of tax fraud A Moscow court on Thursday convicted Russian lawyer Sergei Magnitsky of tax evasion, provoking fresh outrage more than three years after his prison death.

12 July 2013

US cuts prison term of disgraced Enron CEO Skilling A US judge cut 10 years off the prison sentence of disgraced former Enron chief executive Jeff Skilling on Friday after he spent years fighting his original 24-year jail term for fraud.

23 June 2013

Global cybercrime ring targeted by Microsoft and FBI Microsoft on Wednesday said it teamed with the FBI to disrupt armies of hacked computers used to commit more than a half-billion dollars in financial fraud around the world.

07 June 2013

France blacklists 17 countries for handling foreign aid France has drawn up a blacklist of 17 countries including Switzerland that do not help investigate foreign aid fraud, banning the use of their banks to help distribute development funds.

28 May 2013

Anwar says only fraud can stop Malaysia opposition Anwar Ibrahim said only fraud can stop his Malaysian opposition from scoring a historic election win as the rival sides launched a last-ditch campaign blitz Saturday on the eve of a tense vote.

05 May 2013

UK launches investigation over ENRC Great Britain's Serious Fraud Office started an official investigation over Eurasian Natural Resources Corporation.

26 April 2013

EU finance ministers tackle tax-fraud European Union finance ministers tackle tax fraud and money-laundering as they wrap up two days of talks on Saturday.

13 April 2013

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