Princess Cristina, the younger daughter of King Juan Carlos of Spain, was accused on Tuesday of money laundering and tax fraud and summoned to appear in court on March 8.… Continue Reading
JPMorgan Chase & Co. will pay more than $2 billion of penalties to pay federal prosecutors and regulators for failing to report suspicious activity involving Bernard Madoff’s Ponzi scheme.… Continue Reading
Song Wei, former general manager of Chongqing Liangjiang Water Co Ltd, a subsidiary of state-owned Chongqing Water Group Co Ltd, was sentenced to 13 years in jail for awarding private contractors environmental projects in exchange for bribes worth $641,245.… Continue Reading
The Department of Justice (DOJ) Commodities Futures Trading Commission (CFTC) and Financial Services Authority (FSA) in the UK settled charges on Monday with the Royal Bank of Scotland (RBS) for manipulating the Japanese Yen London Interbank Offered Rate (LIBOR) and for felony wire fraud.… Continue Reading
Remember Bernie Ecclestone, the Formula One chief who was charged with making a $44 million bribe in 2006?
His chances of fighting the charges have improved now that a key piece of evidence against him has been called into question.… Continue Reading