Naqui mismarked trading positions, concealed losses
Regulator identifies more firms that appear to be connected Global and Crown
Foreign exchange fraud will be discussed by law enforcement and regulatory agencies at the fourth annual White Collar Crime Symposium in Saint John, N.B. on December 10. The symposium is hosted by the New Brunswick Securities Commission“Enabled by the internet and with the promise of high returns, forex trading is on the rise in Canada,” […]
Source: The Associated PressThe bank used most by Bernard Madoff was “wilfully blind”and “thoroughly complicit” in the disgraced financier’s epic fraud, lawyers working for a court-appointed trustee alleged Thursday.J.P. Morgan Chase responded by accusing trustee Irving Picard of “blatantly distorting” the bank’s role.Picard is in the midst of a nearly two-year quest to recover funds […]
Scheme misappropriated up to $27.9 million of investors’ funds
Palmer ordered to pay more than $1 million in restitution
Georgiou ordered to pay US$56 million in restitution
Kyllo to pay $1.75 million penalty, disgorge funds raised from investors
If you’re suspicious, contact your compliance department
SEC obtains permanent injunctions against Sorenson and Brost