The fascinating story about James Alan Craig, the man who lives in Scotland and is facing serious criminal and securities fraud charges in an alleged scheme involving Twitter accounts and damaging messages has a strange twist to it. As our story states, Craig has said via a Scottish newspaper that he has not yet received… Read More >>
Can Scandal Spur Global Regulatory Harmony?
Something surprising appears to be underway behind two major financial crime stories that broke over the past several weeks – regulators and law enforcement officials domestically and internationally can work together for positive results. To recap, a coalition of sorts joined forces to bring in alleged “Flash Crash trader” Navinder Sarao, a British futures trader…. Read More >>
SEC Catches Up to Alleged Hedge Fund Fraudster
A recently announced SEC investigation into hedge fund fraud reads like a high-concept movie synopsis that is a cross between “The Wolf of Wall Street” and “The Producers.” Only this time it’s Wall Street investors who are allegedly being duped, not backers of a Broadway production. The regulator is charging that Moazzam “Mark” Malik has… Read More >>
Credit Suisse Defrauds IRS as EC Takes on Big Players
Not only is Credit Suisse admitting guilt and paying $2.6 billion in fines for helping U.S. taxpayers file false income tax returns with the IRS, the bank has also agreed to comply with the Foreign Account Tax Compliance Act (FATCA) and other tax treaties as part of a plea agreement with the U.S Department of… Read More >>
