Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 601 - 610 of 809 results for "Fraud"

Half-filled

BENJAMIN ONG  |  WEDNESDAY, 21 JUL 2010
... with investors putting a positive spin on the negative news. It could only go up from here, particularly now that the civil fraud allegations against the company have been settled. Johnson & Johnson's second quarter bottomline number was in line with ...

US pension funds get $800m from class action

MEDIA RELEASE  |  MONDAY, 19 JUL 2010
... International Group and certain individual directors and officers. The settlement resolves allegations of AIG's wide-ranging fraud from October 1999 to April 2005 involving anti-competitive market division, accounting violations and stock price manipulation ...

Saved by BP and Goldman

BENJAMIN ONG  |  FRIDAY, 16 JUL 2010
... by 4.4 per cent first on speculation that the Securities and Exchange Commission (SEC) would announce a settlement of its fraud case. The SEC did after the closing bell. In settling the fraud charges, Goldman agreed to pay US$550 million as penalty and ...

Market Wrap - Morning

AAP  |  FRIDAY, 16 JUL 2010
... markets as Wall Street traders examined the details of an overhaul of the US financial system and Goldman Sachs' settlement of fraud charges. At 0735 AEST on the Sydney Futures Exchange, the September share price index contract was eight points lower ...

GESB can manage tougher measures on capital reserves

MICHAEL HOBBS  |  FRIDAY, 9 JUL 2010
... is a good policy for fund members. "Far from disadvantaging members, an operational reserve protects them in instances of fraud, pricing error or system failure," she said. The super fund's asset consultant, Mercer Investment Consulting, also supported ...

NY firm defrauds billion dollar CDOs

RUTH LIEW  |  TUESDAY, 22 JUN 2010
... collateralised debt obligations. According to a press statement, the SEC alleged ICP Asset Management was involved in the CDO fraud by engaging in fraudulent practices and misrepresentations that saw the CDOs lose tens of millions of dollars. Thomas ...

US Commission subpoenas Goldman Sachs

RUTH LIEW  |  TUESDAY, 15 JUN 2010
... was a delay or lack of compliance during the investigation. "In creating the Financial Crisis Inquiry Commission under the Fraud Enforcement and Recovery Act of 2009, Congress granted the Commission the power to "require, by subpoena or otherwise, the ...

Progress fast tracks bank fraud alert

MICHELLE BALTAZAR  |  TUESDAY, 8 JUN 2010
... to monitor potential fraudulent activity in credit cards and other products. For example, once an agent within the bank's fraud department detects a pattern of fraud regarding credit card activity, they can use Progress' software to automatically suspend ...

KPMG challenges ASIC on Constitutional powers

ASIC RELEASE  |  THURSDAY, 20 MAY 2010
... and carry on a proceeding for a number of reasons. These reasons as cited in the Act include the recovery of damages for fraud, negligence, default, breach of duty or other misconduct, committed in connection with a matter to the investigation or examination. ...

Investment managers gain fraud insurance

MICHAEL HOBBS  |  FRIDAY, 7 MAY 2010
... services providers. Zurich Financial Services (Australia) launched two insurance options to the market today including the Fraud and Professional Liability Insurance for banks, credit unions and building societies. The product covers fraud and professional ...