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News Stories (15 Results) - Fraud

The Securities and Exchange Commission charged Medallion Financial Corp., a Delaware company headquartered in New York, NY, and its President and Chief Operating Officer, Andrew Murstein of New York, NY, with illegally engaging in two schemes in an... Read Story
January 03, 2022, 08:05 AM

Grant Thornton is expanding its fraud and forensics services by hiring fraud mitigation veteran Linda Miller as a principal in the firm’s fraud and forensics practice. The firm has also hired David Cappellina as a fraud and forensics managing... Read Story
September 01, 2021, 07:34 AM

Andrew Chapin pleaded guilty on June 16, 2021 in federal court to wire fraud, bank fraud and securities fraud, announced Acting United States Attorney Stephanie M. Hinds and Federal Bureau of Investigation Special Agent in Charge Craig D. Fair.Chapin... Read Story
June 17, 2021, 07:52 AM

An indictment was unsealed on February 4, 2021 in federal court in Brooklyn charging three individuals affiliated with GPB Capital Holdings, LLC (“GPB”) with securities fraud, wire fraud and conspiracy. Defendants David Gentile, the founder, owner... Read Story
February 08, 2021, 08:00 AM

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 Securities and Exchange Commission charged Daniel Kamensky, co-chair of the unsecured creditors committee in the Neiman Marcus Group Ltd. LLC Chapter 11 bankruptcy proceedings, with abusing his position on the committee to attempt to benefit a... Read Story
September 08, 2020, 08:45 AM

Neiman Marcus Group, Inc.  and related entities have been charged in the District Court of Dallas County, Texas with, among other wrongdoings, the fraudulent transfer of assets totaling approximately $1 billion of value for no consideration. These... Read Story
December 11, 2018, 08:21 AM

AlixPartners announced that corporate and financial investigations specialist Gavin Williamson has joined the firm as a Managing Director in its Investigations, Disputes & Risk practice. He is based in AlixPartners’ London office. Williamson... Read Story
November 20, 2018, 07:08 AM

The Securities and Exchange Commission announced charges against six certified public accountants – including former staffers at the Public Company Accounting Oversight Board (PCAOB) and former senior officials at KPMG LLP – arising from their... Read Story
January 23, 2018, 08:00 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

In a recent article,'s Joe St. Denis notes CFOs are well aware of the more common ingredients of financial fraud: bogus or premature revenue recognition, improper capitalization or valuation of assets, and the misuse of accruals to smooth... Read Story
April 27, 2015, 07:26 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 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