Shareholders sued Super Micro Computer on Wednesday, accusing the Silicon Valley server maker of securities fraud. The lawsuit claims the company hid its dependence on…
‘Pig Butchering’ Scams Now Pose Legal Risks for U.S. Banks
“Pig butchering” schemes once seemed like a distant threat. Experts viewed them as niche consumer fraud happening mostly overseas. Today, however, these scams create real…
Former U.S. congressman accused of secret lobbying for Venezuela as trial begins
A federal trial in Miami is examining whether former U.S. lawmaker David Rivera illegally lobbied American officials on behalf of Venezuela’s government, in a case…
SEC to form new enforcement team targeting accounting misconduct
The U.S. Securities and Exchange Commission is creating a new enforcement unit focused on accounting and auditing violations, signaling a shift in how U.S. regulators…
Musk’s motives under scrutiny as Twitter shareholder trial nears verdict
A U.S. jury is weighing whether Elon Musk misled investors during his 2022 takeover of Twitter, as a high-stakes shareholder lawsuit approaches a verdict in…
Halkbank hires EY to review sanctions and anti-money-laundering compliance
Turkish state-owned lender Turkiye Halk Bankasi AS has hired consulting firm Ernst & Young to conduct an independent review of its compliance with U.S. sanctions…
How a little-known banker entered Brazil’s political inner circle and sparked a national scandal
For years, Daniel Vorcaro was known primarily in financial circles as the head of Banco Master, a bank whose rapid growth puzzled analysts across Brazil’s…
Italian prosecutors seek trial for Amazon and executives over alleged €1.2 billion tax evasion
Prosecutors in Milan have requested that Amazon and four of its managers stand trial over allegations of large-scale tax evasion linked to online sales in…
FBI opens first office in Ecuador to strengthen fight against organized crime
The United States has established its first local office of the Federal Bureau of Investigation in Ecuador, marking a new step in security cooperation between…
Democratic lawmakers request DOJ review over potential conflicts tied to Pam Bondi’s brother
Two Democratic members of Congress have asked the watchdog of the U.S. Department of Justice to examine whether Attorney General Pam Bondi properly stepped aside…