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Showing 11 - 20 of 24 results for "US Attorney"

Former investment adviser charged with $85m fraud

ELIZA BAVIN  |  MONDAY, 20 JUL 2020
The US Securities and Exchange Commission have charged a former registered investment adviser with fraud for his alleged role in a US$60 million Ponzi-like scheme. The SEC alleges that David Hu, the co-founder and chief investment officer of International ...

Disgraced lobbyist charged

ALLY SELBY  |  FRIDAY, 26 JUN 2020
... Littman said. "Investors are entitled to truthful information so they can make fully informed investment decisions." The US Attorney's office also announced parallel criminal actions against Andrade and Abramoff, with charges relating to wire fraud and ...

Wells Fargo coughs up $4.5 billion

ALLY SELBY  |  MONDAY, 24 FEB 2020
... customers, often without their consent or under false pretences, with little regard to their needs and wellbeing. US Attorney for the Western district of North Carolina, Andrew Murray, said the settlement with Wells Fargo goes far beyond the "cost of ...

Ponzi scheme rakes in almost $1.5bn

HARRISON WORLEY  |  TUESDAY, 28 JAN 2020
... investors by associating themselves with trendy technologies," Michael said. In addition to the SEC's charges, the US Attorney's Office for the Eastern District of California has also hit the couple with criminal offences.

Six charged in micro pump and dump scheme

ELIZABETH MCARTHUR  |  MONDAY, 6 JAN 2020
... that the microcap's stock price was artificially inflated and then dumped into the market. In a parallel action, the US Attorney's Office for the Southern District of New York announced criminal charges against Ciapala and Blacklight. "As we allege in ...

US reaches $1bn settlement over 1MDB scam

ELIZABETH MCARTHUR  |  WEDNESDAY, 6 NOV 2019
... the people of Malaysia was laundered through the purchase of big-ticket assets in the US and other nations," said US Attorney Nicola Hanna of the Central District of California. "The message in this case is simple: the United States is not a safe haven ...

Adviser cops 262 month jail sentence

JAMIE WILLIAMSON  |  FRIDAY, 6 SEP 2019
... sentenced to 262 months in prison for wire fraud and 60 months for tax evasion to run concurrently, as stated by the US Attorney for the eastern district of North Carolina. Thomas represented himself as a Harvard educated investment adviser and convinced ...

Former adviser cops 20-year prison sentence

JAMIE WILLIAMSON  |  FRIDAY, 2 AUG 2019
... Bennett knowingly defrauded retirees of their life's savings - most of which she used for her own personal benefit," US Attorney Robert K. Hur said. "She's been held accountable for her lies and theft and will now spend years in federal prison." Her ...

JP Morgan-linked ship in US $1bn drug bust

KANIKA SOOD  |  MONDAY, 15 JUL 2019
... because the circumstances here are also unprecedented. We found nearly 20 tons of cocaine hidden on this ship," said US Attorney McSwain said in a July 8 statement. "When a vessel brings such an outrageous amount of deadly drugs into Philadelphia waters ...

Actor linked to Malaysian pension fund scandal

ALEX BURKE  |  MONDAY, 19 JUN 2017
... assets as an "international conspiracy" pertaining to the handling of the 1Malaysia Development Berhad (1MDB). Acting US Attorney Sandra Brown explained: "These cases involve billions of dollars that should have been used to help the people of Malaysia ...