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May 10, 2021

Financial Fraud / Securities Fraud

Turkey’s Halkbank urges end of U.S. prosecution alleging Iran sanctions violations

Reuters
NEW YORK (Reuters) – A lawyer for Halkbank told a U.S. appeals court on Monday that the state-owned Turkish lender was immune from U.S. prosecution and that an indictment accusing it of helping Iran evade American sanctions should be thrown out. FILE PHOTO: People walk past a branch of Halkbank......

Brooklyn man accused of using information from Bloomberg reporter for insider trading

Reuters
WASHINGTON (Reuters) – A Brooklyn man indicted for an insider trading scheme used information from a Bloomberg News reporter about certain deals to trade, according to a review of the charging documents, in a case that comes as the volume of leaked information about mergers and acquisitions is rising. FILE......

Pope meets cardinal he fired, in apparent reconciliation

Reuters
VATICAN CITY (Reuters) – Pope Francis celebrated Mass on Thursday with Cardinal Angelo Becciu, according to the cardinal who was fired by the pontiff last September on accusations of embezzlement and nepotism. Becciu told Italian journalists that the Mass was said in the chapel of the cardinal’s apartment in the......

Huawei lawyers to focus on witness refusal to testify in U.S. extradition

Reuters
By Sarah Berman, Moira Warburton FILE PHOTO: Huawei Technologies Chief Financial Officer Meng Wanzhou leaves her home to attend a court hearing in Vancouver, British Columbia, Canada March 1, 2021. REUTERS/Jennifer Gauthier VANCOUVER (Reuters) – Huawei Chief Financial Officer Meng Wanzhou’s U.S. extradition hearings on Monday are expected to focus......

BoE governor wants UK bill to make Google tackle online scams: Sunday Times

Reuters
FILE PHOTO: The Google name is displayed outside the company’s office in London, Britain, November 1, 2018. REUTERS/Toby Melville LONDON (Reuters) – Bank of England Governor Andrew Bailey has been lobbying the British government to introduce a legal requirement for internet giants such as Google to take down financial fraud......

Co-founders of San Francisco biotech startup uBiome charged with fraud

Reuters
NEW YORK (Reuters) – U.S. prosecutors on Thursday charged the co-founders of uBiome Inc, a San Francisco biotechnology startup, with defrauding investors about its ability to expand clinical tests to monitor gut health and obtain reimbursements from insurers. FILE PHOTO: Jessica Richman, co-founder and CEO of uBiome, speaks at the......

Huawei CFO lawyer says Canadian police put FBI demands ahead of Meng’s rights

Reuters
FILE PHOTO: Huawei Technologies Chief Financial Officer Meng Wanzhou leaves court on a lunch break in Vancouver, British Columbia, Canada March 15, 2021. REUTERS/Jennifer Gauthier/File Photo VANCOUVER (Reuters) – Canadian police prioritized demands from the FBI over the rights of Huawei Chief Financial Officer Meng Wanzhou “at nearly every turn”......

How Germany considered rescuing Wirecard days before its doom

Reuters
By John O’Donnell, Tom Sims FRANKFURT (Reuters) – The German government examined the possibility of bailing out Wirecard just three days before it collapsed, according to documents seen by Reuters showing that officials were blindsided by the country’s biggest post-war fraud scandal. FILE PHOTO: The headquarters of Wirecard AG, an......

How Germany considered rescuing Wirecard days before its doom

Reuters
By John O’Donnell, Tom Sims FRANKFURT (Reuters) – The German government examined the possibility of bailing out Wirecard just three days before it collapsed, according to documents seen by Reuters showing that officials were blindsided by the country’s biggest post-war fraud scandal. FILE PHOTO: Wirecard’s former boss Markus Braun looks......

Spanish police arrest biggest cocaine gang in Madrid

Reuters
MADRID (Reuters) – A red Ferrari worth 250,000 euros ($298,800.00) and an arsenal of weapons including revolvers and a Japanese sword were seized when 12 members of the largest drugs gang in Madrid were arrested, police said on Sunday. The gang was very violent, according to Spain’s National Police, which......

Canada judge rejects Huawei CFO’s push to use employee statements as evidence in U.S. extradition case

Reuters
VANCOUVER (Reuters) – The Canadian judge in Huawei CFO Meng Wanzhou’s U.S. extradition case rejected her request to admit as evidence Huawei employee statements that contradict a U.S. claim she misled bankers about the company’s business in Iran, a ruling said on Friday. FILE PHOTO: Huawei Technologies Chief Financial Officer......

Deutsche Bank CEO 2020 pay up 46% as bank turns profit

Reuters
FILE PHOTO: The logo of Deutsche Bank is pictured on a company’s office in London, Britain July 8, 2019. REUTERS/Simon Dawson FRANKFURT (Reuters) – Deutsche Bank paid chief executive Christian Sewing 7.4 million euros ($8.8 million) in 2020, a 46% increase from a year earlier, as the bank eked out......

Australia’s banking regulator ends Westpac money laundering probe

Reuters
FILE PHOTO: A pedestrian looks at his phone as he walks past a logo for Australia’s Westpac Banking Corp located outside a branch in central Sydney, Australia, November 5, 2018. REUTERS/David Gray (Reuters) – Australia’s banking regulator said on Friday it had closed the investigation against Westpac Banking Corp for......

Germany charges ex-Steinhoff managers with balance sheet fraud

Reuters
BERLIN (Reuters) – German prosecutors have filed charges against three former managers at South African retailer Steinhoff for balance sheet fraud, three years after the company first revealed holes in its accounts. The Oldenburg prosecutor’s office said on Thursday it had filed charges against the trio for allegedly manipulating the......

Huawei CFO’s lawyers say Trump interference should get extradition canceled

Reuters
By Sarah Berman, Moira Warburton VANCOUVER (Reuters) – Huawei Chief Financial Officer Meng Wanzhou became a bargaining chip in an international trade war after former U.S. President Donald Trump made comments about intervening in her case, a Huawei defence lawyer claimed on Wednesday as he argued to have her U.S.......

Huawei CFO back in court fighting U.S. extradition

Reuters
By Moira Warburton, Sarah Berman VANCOUVER (Reuters) – Huawei Chief Financial Officer Meng Wanzhou will return to a Canadian court Monday for the final phase of the arguments in her U.S. extradition case, which would focus on whether her arrest was politically motivated and if abuses of process occurred during......

Australia’s Crown Resorts Perth casino chairman resigns

Reuters
March 1 (Reuters) – Australia’s Crown Resorts Ltd said on Monday John Poynton had resigned as the chairman of Crown Perth and as a director of the company. Poynton’s departure is the latest in a string of executive exits at the casino operator after an inquiry accused it of widespread......

Exclusive: New York City tax agency subpoenaed in Trump criminal probe

Reuters
By Peter Eisler, Jason Szep (Reuters) – The Manhattan District Attorney’s Office has subpoenaed a New York City property tax agency as part of a criminal investigation into Donald Trump’s company, the agency confirmed on Friday, suggesting prosecutors are examining the former president’s efforts to reduce his commercial real-estate taxes......

Exclusive: New York City tax agency subpoenaed in Trump criminal probe

Reuters
By Peter Eisler, Jason Szep (Reuters) – The Manhattan District Attorney’s Office has subpoenaed a New York City property tax agency as part of a criminal investigation into Donald Trump’s company, the agency confirmed on Friday, suggesting prosecutors are examining the former president’s efforts to reduce his commercial real-estate taxes......

Yellen says Treasury will fight misuse of cryptocurrencies, foster innovation

Reuters
FILE PHOTO: Former Federal Reserve Chairman Janet Yellen speaks during a panel discussion at the American Economic Association/Allied Social Science Association (ASSA) 2019 meeting in Atlanta, Georgia, U.S., January 4, 2019. REUTERS/Christopher Aluka Berry WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen on Wednesday warned about an “explosion of risk”......

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