News about fraud

BTA files motion to dismiss fraud lawsuit in US Kazakhstan’s BTA Bank filed a motion to dismiss the lawsuit filed by its creditors in the United States.

02 July 2014

Italy's Berlusconi in hot water again with judiciary Italy's Silvio Berlusconi is in hot water with the justice system again after mocking the community service he has been ordered to do for tax fraud, media reports said.

30 April 2014

UK revokes Ablyazov's refugee status Great Britain has announced its decision to terminate the refugee status of a former Kazakhstan banker and minister accused of fraud and money laundering.

23 April 2014

Online banking system hacked in Kazakhstan The online banking system has been hacked in Kazakhstan. Hackers arrested.

29 January 2014

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

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