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…
CFTC names former prosecutor and crypto defense lawyer as enforcement chief
The U.S. Commodity Futures Trading Commission (CFTC) has appointed former federal prosecutor David Miller as its new head of enforcement, a move that comes as…
Texas sues Sanofi, alleging improper inducements to boost prescriptions
Texas Attorney General Ken Paxton has filed a lawsuit against French drugmaker Sanofi, accusing the company of offering improper incentives to healthcare providers to encourage…
Belgian police raid EU offices and wealth fund in probe over property sale
Belgian police have carried out searches at offices linked to the European Commission and Belgium’s sovereign wealth fund as part of a criminal investigation into…
China launches new crackdown on medical insurance fraud in mental health sector
Chinese authorities have launched a new nationwide crackdown on medical insurance fraud at mental health institutions, following media reports that some hospitals were offering free…
Cambodian scam compound yields trove of fraud evidence, Thai military says
The Thai military said on Monday it had recovered extensive evidence of transnational fraud from a sprawling scam compound in Cambodia, seized during border clashes…
First Brands founder Patrick James and brother indicted in New York over alleged multibillion-dollar fraud
First Brands founder Patrick James and his brother Edward were indicted in New York on Thursday, accused of orchestrating a sweeping fraud that prosecutors say…
Guyana opposition chooses leader facing US fraud and money laundering charges
Guyana’s opposition lawmakers have elected businessman Azruddin Mohamed as their new leader, a move that has drawn sharp attention because he is simultaneously fighting extradition…
Supreme Court rejects Citigroup appeal in Mexican oil fraud lawsuit
The U.S. Supreme Court has refused to take up Citigroup’s appeal in a long-running lawsuit that accuses the bank of contributing to more than $1…
Singapore jails businessmen for fabricating records tied to Wirecard fraud
A Singapore court has sentenced two businessmen to lengthy prison terms for falsifying financial documents that helped conceal one of Europe’s largest corporate frauds, the…