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HSBC's troubles mount with Jersey client probe
British banking giant HSBC has been accused of providing accounts on the island of Jersey for alleged drug dealers and gun runners. HM Revenue & Customs, the U.K. tax authority, has obtained...
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Florida man arrested for fraud in run-up to Facebook IPO
Federal law enforcement officials arrested a Florida man Tuesday for allegedly defrauding investors by telling them he had access to shares of Facebook before its initial public offering. The U.S....
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Muddy Waters bets against first U.S. company
Muddy Waters may be best known for spotting fraudulent accounting practices across Chinese companies, but the short-selling firm has made its first call against a U.S. company. Muddy Waters, run by...
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Fabrice Tourre fined a 'fabulous' $825,000
A judge in New York has ordered Fabrice Tourre, a former Goldman Sachs (GS) executive, to pay $825,000 in civil penalties for his part in a mortgage deal that prosecutors say was designed to fail....
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Heads roll at Citigroup over fraud in Mexico
Citigroup (C) has axed another 11 employees over the embarrassing and costly fraud unearthed at the bank's Mexican subsidiary Banamex. The terminations include four managing directors, two of whom are...
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