Federal prosecutors charged 47 persons on Tuesday with diverting almost $250 million from a federal aid program designed to help feed children during the COVID-19…
Covid-19 Unemployment fraud could top $45 billion, according to watchdog reports
People used Social Security numbers from dead and imprisoned to get money from programs meant to help those laid off during pandemic A government monitor…
Boeing Will Pay $200 Million To End SEC Investigation Into 737 MAX Crashes
Securities regulator alleges plane maker, former CEO made misleading statements to investors about crashes and jet program Boeing Co. agreed to pay $200 million to…
Venezuela arrests ‘Fat Leonard’ contractor in bribery case involving US Navy
Venezuelan police apprehended a fugitive Malaysian businessman known as ‘Fat Leonard,’ who is at the center of a massive US Navy bribery investigation, as he…
Morgan Stanley will pay a $35 million fine to resolve SEC allegations that it mismanaged client data
The Securities and Exchange Commission announced Tuesday that a Morgan Stanley subsidiary has agreed to pay $35 million to settle claims that it consistently failed…
Gol Airlines will pay $41.5 million to settle bribery charges
Settlements stem from a decade-old scheme to pay $3.8 million in bribes to secure legislation with tax benefits for the São Paulo-based airline One of…
The SEC proposes that more Treasury trades be routed through clearinghouses
The measure comes amid broader concerns about the resilience of the $24 trillion Treasury market Regulators are working to reverse a decades-long shift away from…
VMware pays $8 million to settle SEC allegations claiming the company deceived investors
VMware agreed to pay the Securities and Exchange Commission (SEC) $8 million to settle allegations that it distorted its backlog reporting to conceal poor financial…
Trevor Milton, the founder of Nikola, is accused of defrauding investors in a fraud trial
Defense calls electric truck entrepreneur an innocent victim of ‘prosecution by distortion’ Prosecutors charged Trevor Milton, the founder of Nikola, with masterminding a plot to…
Steve Bannon is facing fraud charges in New York in connection with the We Build the Wall organization
Steve Bannon, a long-time ally of former US President Donald Trump, has been indicted on charges of money laundering, fraud, and conspiracy. Mr. Bannon, 68,…