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June 10, 2021

White Collar Crime / Fraud / Corporate Crime

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......

Honduras targets U.S. aid for reconstruction after hurricanes

Reuters
FILE PHOTO: U.S. President Joe Biden’s special envoy for the Northern Triangle Ricardo Zuniga walks during a news conference, in San Salvador, El Salvador April 7, 2021. REUTERS/Jose Cabezas/File Photo TEGUCIGALPA (Reuters) – Honduras said on Friday it wants to use U.S. aid aimed at reducing migratory pressures in Central......

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......

Brazil prosecutors to investigate Vale over Steinmetz complaint

Reuters
By Gram Slattery, Clara Denina RIO DE JANEIRO (Reuters) – Rio de Janeiro police have begun investigating allegations brought by Israeli billionaire Beny Steinmetz that Brazilian miner Vale illegally concealed from its shareholders the conditions under which Steinmetz’s company BSGR was supposed to mine one of the world’s biggest iron......

Trial hearing postponed as Samsung heir Lee has fever after surgery: media

Reuters
FILE PHOTO: Samsung Group heir Jay Y. Lee arrives at a court in Seoul, South Korea, January 18, 2021. REUTERS/Kim Hong-Ji SEOUL (Reuters) – A court hearing in a trial involving Samsung Electronics vice chairman Jay Y. Lee has been postponed to April 22, court records showed, with South Korean......

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......

U.S. DOJ accuses Google of dragging its feet in antitrust trial

Reuters
FILE PHOTO: The brand logo of Alphabet Inc’s Google is seen outside its office in Beijing, China August 8, 2018. Picture taken with a fisheye lens. REUTERS/Thomas Peter WASHINGTON (Reuters) – The U.S. Department of Justice accused Google of dragging its feet in providing documents in preparation for a trial......

India antitrust body says Reuters story corroborates evidence in probe of Amazon

Reuters
NEW DELHI (Reuters) – India’s antitrust body on Friday told a court that a Reuters report showing Amazon.com Inc gave preferential treatment to a small group of sellers on its India platform corroborated evidence it had received and which had triggered an investigation of the U.S. e-commerce giant. The Competition......

Swiss hacker indicted after claiming credit for breaching Nissan, Intel

Reuters
(Reuters) – A Swiss computer hacker who has claimed credit for helping steal or distribute proprietary data from Nissan Motor Co, Intel Corp and most recently security camera startup Verkada was indicted on Thursday, U.S. prosecutors announced. FILE PHOTO: A man holds a laptop computer as cyber code is projected......

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: Wirecard’s former boss Markus Braun looks......

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......

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......

Daughter of top Mexican drug lord pleads guilty to U.S. charges

Reuters
WASHINGTON (Reuters) – The daughter of the boss of one of Mexico’s most powerful drug gangs has pleaded guilty to carrying out financial dealings with Mexican firms identified as narcotics traffickers, the U.S. Department of Justice said on Friday. Court documents showed Jessica Johanna Oseguera Gonzalez made property transactions for......

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......

Lula blasts ‘imbecile’ Bolsonaro for mishandling pandemic, economy

Reuters
SAO PAULO (Reuters) – Former Brazilian President Luiz Inacio Lula da Silva blasted the government on Wednesday for bungling the pandemic and economy, calling President Jair Bolsonaro an “imbecile” in his first speech after his graft convictions were overturned. A Brazilian Supreme Court judge on Monday annulled sentences against the......

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......

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