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News Stories (8 Results) - Fraud

LexisNexis Risk Solutions released its LexisNexis Risk Solutions 2020 True Cost of Fraud Study: Financial Services & Lending for the United States and Canadian financial services and lending sectors. The research provides a snapshot of pre- and... Read Story

October 14, 2020, 08:00 AM

The former Chief Operating Officer and Chief Financial Officer of Celadon Group Inc., a publicly traded transportation and trucking company headquartered in Indianapolis, IN, were charged in an indictment unsealed Dec. 5 for their alleged role in a... Read Story

December 06, 2019, 08:55 AM

Jay Alix, the founder of one of the world's largest turnaround firms, AlixPartners, is accusing one of his company’s main competitors of engaging in unfair business practices and multiple criminal violations that resulted in significant losses to his... Read Story

May 11, 2018, 08:02 AM

The Securities and Exchange Commission charged a Rhode Island agency and its bond underwriter Wells Fargo Securities with defrauding investors in a municipal bond offering to finance startup video game company 38 Studios. The Rhode Island Economic... Read Story

March 08, 2016, 08:08 AM

The Securities and Exchange Commission announced that an investment advisory firm in Philadelphia has agreed to pay more than $21 million to settle charges that it fraudulently retained fees belonging to collateralized debt obligation (CDO)... Read Story

September 04, 2015, 07:58 AM

Rodney Watts, the former chief investment officer of GDC Acquisitions LLC (GDC), was sentenced on April 24, 2014 in federal court in Brooklyn, New York, to 37 months in prison, to be followed by five years of supervised release. As part of the... Read Story

April 28, 2014, 07:42 AM

Manhattan District Attorney Cyrus R. Vance, Jr., announced the indictments of Steven Davis, Stephen DiCarmine, Joel Sanders, and Zachary Warren. The first three defendants were, respectively, the Chairman, the Executive Director, and the Chief... Read Story

March 07, 2014, 07:37 AM

According to a CFO.com article, CFOs and their staffs could gain some mental clarity about how to apply internal controls more effectively in the form of a guidance document released last week, its framers think. Their intent is to provide more... Read Story

May 28, 2013, 07:27 AM