Financial Fraud / Securities Fraud

Samsung leader Jay Y. Lee indicted in South Korea on allegations linked to 2015 merger

Samsung leader Jay Y. Lee indicted in South Korea on allegations linked to 2015 merger

Published 01/09/2020

SEOUL (Reuters) - South Korean prosecutors indicted Samsung Group’s Jay Y. Lee on Tuesday on suspicion of accounting fraud and stock price manipulation in connection [more…]

South Korean prosecutors indict Samsung leader Jay Y. Lee on stock manipulation charge: official

South Korean prosecutors indict Samsung leader Jay Y. Lee on stock manipulation charge: official

Published 01/09/2020

SEOUL (Reuters) - South Korean prosecutors indicted Samsung Group leader Jay Y. Lee on charges of manipulating stock prices and breach of trust in order [more…]

Huawei lawyers say U.S. evidence ‘unreliable’ in Meng extradition case

Huawei lawyers say U.S. evidence ‘unreliable’ in Meng extradition case

Published 17/08/2020

(Reuters) - Evidence used by the United States to justify the extradition of Huawei Technologies Chief Financial Officer Meng Wanzhou is “unreliable and defective” and [more…]

Under Armour executives receive Wells notice from SEC

Under Armour executives receive Wells notice from SEC

Published 27/07/2020

(Reuters) - Under Armour Inc disclosed on Monday that its top executives had received a Wells notice from the U.S. Securities and Exchange Commission related [more…]

Cohen’s Point72 to open Warsaw office for some back office teams

Cohen’s Point72 to open Warsaw office for some back office teams

Published 17/07/2020

BOSTON(Reuters) - Billionaire investor Steven A. Cohen’s Point72 Asset Management is opening the $16.2 billion firm’s latest satellite location in Warsaw and moving some back [more…]

Wirecard’s former boss faces criminal complaint in Austria

Wirecard’s former boss faces criminal complaint in Austria

Published 30/06/2020

VIENNA (Reuters) - An Austrian lawyer has filed a criminal complaint against Wirecard’s (WDIG.DE) former Chief Executive Markus Braun and Chief Operating Officer Jan Marsalek [more…]

Exclusive: Germany missed chances to put Wirecard on watchlist, source says

Exclusive: Germany missed chances to put Wirecard on watchlist, source says

Published 30/06/2020

FRANKFURT (Reuters) - German regulators twice looked into tightening the supervision of collapsed payments firm Wirecard and discussed it with the German and European central [more…]

Very clear Wirecard deposit certificate was ‘spurious’, BPI CEO says

Very clear Wirecard deposit certificate was ‘spurious’, BPI CEO says

Published 22/06/2020

MANILA (Reuters) - Bank of the Philippine Islands Chief Executive Cezar Consing said it was clear that a certificate purporting to be for a Wirecard [more…]

Mnuchin will discuss PPP oversight with Congress after criticism

Mnuchin will discuss PPP oversight with Congress after criticism

Published 15/06/2020

WASHINGTON (Reuters) - U.S. Treasury Secretary Steven Mnuchin said on Monday he would talk to Congress about proper oversight of $660 billion in small business [more…]

South Korean court denies arrest warrant request for Samsung heir

Published 09/06/2020

SEOUL (Reuters) - A South Korean court on Tuesday denied an arrest warrant request for Samsung Group heir Jay Y. Lee after prosecutors accused him [more…]