Category Archives: Fraud

Oil and Gas Bribery Case Settled for $236 Million

By doris | Published: November 5, 2010

Full Story atNYTimes.com WASHINGTON — Six oil and gas service companies and a prominent freight-forwarding company agreed to pay about $236 million in criminal and civil penalties in one of the largest corporate bribery cases ever to focus on a single industry, federal authorities said Thursday. Most of the bribes were paid to circumvent local [...]

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Madoff’s judge to preside over historic moment

By doris | Published: June 27, 2009

Full Story At money.cnn.com NEW YORK (Fortune) — When it comes time to sentence Bernie Madoff on Monday morning, the spotlight will shift — briefly but inevitably — to Denny Chin, the federal judge who will determine the term of the Ponzi scammer’s incarceration. Because Madoff eschewed a trial and instead pleaded guilty, on March [...]

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TARP cop: 20 criminal probes

By doris | Published: April 21, 2009

Full Story At money.cnn.com WASHINGTON (CNNMoney.com) — The top cop tracking the government’s $700 billion bailout program said Tuesday that he has opened 20 criminal investigations and six audits into whether tax dollars are being pilfered or wasted. Neil Barofsky, the special inspector general overseeing the Troubled Asset Relief Program, released a 250-page report detailing [...]

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FBI arrests Stanford Financial Group exec

By doris | Published: February 27, 2009

Full Story At news.yahoo.com HOUSTON – FBI agents have arrested the chief investment officer of troubled Stanford Financial Group, accusing Laura Pendergest-Holt of obstructing a Securities and Exchange Commission fraud investigation. The SEC has been investigating allegations of an $8 billion investment fraud involving Texas billionaire R. Allen Stanford’s financial group. Stanford was served legal [...]

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