Church of Scientology convicted of fraud in France
A French court today convicted the Church of Scientology and six of its members of organized fraud, but stopped short of banning the church.read more
View ArticleRogue trader suspected in $2 billion loss at UBS
Swiss banking giant UBS said Thursday that a rogue trader has caused it an estimated loss of $2 billion, stunning a beleaguered banking industry that has proven vulnerable to unauthorized trades....
View ArticleWSJ accused of unorthodox boost to circulation
The Guardian newspaper reported Wednesday that it had seen emails and documents showing that The Wall Street Journal funneled money through third parties to a company that was buying up copies of the...
View ArticleItaly police seize $6 trillion of fake U.S. T-bonds
Italian police said on Friday they had seized about $6 trillion of fake U.S. Treasury bonds in Switzerland, and issued arrest warrants for eight people accused of international fraud and other...
View ArticleBank of England says took Geithner Libor views on board
The Bank of England confirmed on Friday it had received U.S. recommendations to overhaul the Libor benchmark at the heart of a global rate-rigging scandal, saying it had passed them on to the banking...
View ArticlePrison, $7 billion fine for French rogue trader
The Paris appeals court on Wednesday ordered former Societe Generale trader Jerome Kerviel to spend three years in prison and pay back a staggering (EURO)4.9 billion (about $7 billion) in damages for...
View ArticleFrance hunting fraudsters in horsemeat scandal
Europe's horsemeat scandal is spreading, as French consumer safety authorities say companies from Romania, Cyprus and the Netherlands were part of a supply chain that resulted in horsemeat being...
View ArticlePirate Bay founder faces new charges
The Pirate Bay founder Gottfrid Svartholm Warg has been charged with hacking into several Swedish companies and stealing personal data.
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