Copyright (c) 2009 Yahoo! Inc. All rights reserved. http://news.yahoo.com/i/2165 business Corporate Fraud & Scandals en-us Wed, 25 Nov 2009 18:56:13 GMT 5 142 18 http://news.yahoo.com/i/2165 http://l.yimg.com/a/i/us/nws/th/main_142b.gif http://us.rd.yahoo.com/dailynews/rss/corpfraud/*http://news.yahoo.com/s/nm/20091125/bs_nm/us_sec_insidertrading nm/20091125/us_sec_insidertrading Reuters business Wed, 25 Nov 2009 18:56:13 GMT Reuters - U.S. regulators are increasingly looking beyond stocks in their insider trading investigations to examine derivatives and credit default swaps, a top Securities and Exchange Commission official said. http://us.rd.yahoo.com/dailynews/rss/corpfraud/*http://news.yahoo.com/s/ap/20091125/ap_on_bi_ge/us_sec_michigan_money_probe ap/20091125/us_sec_michigan_money_probe AP business Wed, 25 Nov 2009 15:26:31 GMT AP - A lawyer who is representing a Michigan money manager accused of fraud has his own legal problems. http://us.rd.yahoo.com/dailynews/rss/corpfraud/*http://news.yahoo.com/s/ap/20091125/ap_on_bi_ge/us_hedge_fund_insider_trading ap/20091125/us_hedge_fund_insider_trading AP business Wed, 25 Nov 2009 00:50:56 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/corpfraud/*http://news.yahoo.com/s/ap/20091125/ap_on_bi_ge/us_hedge_fund_insider_trading"><img src="http://d.yimg.com/a/p/rids/20091112/i/r3769938593.jpg?x=130&y=89&q=85&sig=uqTnHaMBj9ZpP9HR9y2xxw--" align="left" height="89" width="130" alt="Car with an unidentified suspect charged with fraud and conspiracy for insider trading linked to the Galleon Group insider trading scandal, arrives at Manhattan Federal Court, November 5, 2009. REUTERS/Brendan McDermid" border="0" /></a>AP - One of America's richest men is defending himself against a massive insider trading case by saying he did not cheat and the government misled a judge to obtain wiretaps.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/corpfraud/*http://news.yahoo.com/s/ap/20091125/ap_on_bi_ge/us_hedge_fund_insider_trading"><img src="http://d.yimg.com/a/p/rids/20091112/i/r3769938593.jpg?x=130&y=89&q=85&sig=uqTnHaMBj9ZpP9HR9y2xxw--" align="left" height="89" width="130" alt="photo" title="Car with an unidentified suspect charged with fraud and conspiracy for insider trading linked to the Galleon Group insider trading scandal, arrives at Manhattan Federal Court, November 5, 2009. REUTERS/Brendan McDermid" border="0"/></a></p><br clear="all"/> (AP) http://us.rd.yahoo.com/dailynews/rss/corpfraud/*http://news.yahoo.com/s/nm/20091124/bs_nm/us_sec_fidelity nm/20091124/us_sec_fidelity Reuters business Tue, 24 Nov 2009 19:48:11 GMT Reuters - Federal securities regulators won an insider trading case when a jury in Boston ruled that a former Fidelity employee illegally profited from trading stocks that the mutual fund giant was buying for itself. http://us.rd.yahoo.com/dailynews/rss/corpfraud/*http://news.yahoo.com/s/nm/20091124/bs_nm/us_galleon_rajaratnam nm/20091124/us_galleon_rajaratnam Reuters business Tue, 24 Nov 2009 19:41:56 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/corpfraud/*http://news.yahoo.com/s/nm/20091124/bs_nm/us_galleon_rajaratnam"><img src="http://d.yimg.com/a/p/rids/20091124/i/r3142100711.jpg?x=130&y=100&q=85&sig=Qpdqr008jyX2Bp3YvZGytg--" align="left" height="100" width="130" alt="Galleon hedge fund partner Raj Rajaratnam is escorted by FBI agents after being taken into custody in New York October 16, 2009. REUTERS/Brendan McDermid" border="0" /></a>Reuters - Galleon Group hedge fund founder Raj Rajaratnam attacked a U.S. regulator's lawsuit on Tuesday, denying insider trading charges and saying government wiretaps violated his constitutional rights.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/corpfraud/*http://news.yahoo.com/s/nm/20091124/bs_nm/us_galleon_rajaratnam"><img src="http://d.yimg.com/a/p/rids/20091124/i/r3142100711.jpg?x=130&y=100&q=85&sig=Qpdqr008jyX2Bp3YvZGytg--" align="left" height="100" width="130" alt="photo" title="Galleon hedge fund partner Raj Rajaratnam is escorted by FBI agents after being taken into custody in New York October 16, 2009. REUTERS/Brendan McDermid" border="0"/></a></p><br clear="all"/> (Reuters) http://us.rd.yahoo.com/dailynews/rss/corpfraud/*http://news.yahoo.com/s/afp/20091124/bs_afp/indiaitcompanyfraudsatyaminvestigation afp/20091124/indiaitcompanyfraudsatyaminvestigation AFP business Tue, 24 Nov 2009 17:17:02 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/corpfraud/*http://news.yahoo.com/s/afp/20091124/bs_afp/indiaitcompanyfraudsatyaminvestigation"><img src="http://d.yimg.com/a/p/afp/20091124/capt.photo_1259081501642-1-0.jpg?x=130&y=86&q=85&sig=9XR6olnhPO3yLtLA0Lj75Q--" align="left" height="86" width="130" alt="Indian federal investigators on Tuesday filed new charges against B. Ramalinga Raju, the founder of scandal-hit outsourcing giant Satyam, pictured in 2008, in the nation's biggest case of corporate fraud, an official said.(AFP/File/Noah Seelam)" border="0" /></a>AFP - Indian federal investigators on Tuesday filed new charges against the founder of scandal-hit outsourcing giant Satyam in the nation's biggest case of corporate fraud, an official said.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/corpfraud/*http://news.yahoo.com/s/afp/20091124/bs_afp/indiaitcompanyfraudsatyaminvestigation"><img src="http://d.yimg.com/a/p/afp/20091124/capt.photo_1259081501642-1-0.jpg?x=130&y=86&q=85&sig=9XR6olnhPO3yLtLA0Lj75Q--" align="left" height="86" width="130" alt="photo" title="Indian federal investigators on Tuesday filed new charges against B. Ramalinga Raju, the founder of scandal-hit outsourcing giant Satyam, pictured in 2008, in the nation's biggest case of corporate fraud, an official said.(AFP/File/Noah Seelam)" border="0"/></a></p><br clear="all"/> (AFP) http://us.rd.yahoo.com/dailynews/rss/corpfraud/*http://news.yahoo.com/s/nm/20091124/bs_nm/us_galleon nm/20091124/us_galleon Reuters business Tue, 24 Nov 2009 13:16:07 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/corpfraud/*http://news.yahoo.com/s/nm/20091124/bs_nm/us_galleon"><img src="http://d.yimg.com/a/p/rids/20091124/i/r2413260932.jpg?x=130&y=95&q=85&sig=N3fVIrAEnhdjxxnVqyQNeQ--" align="left" height="95" width="130" alt="Galleon hedge fund partner Raj Rajaratnam arrives at Manhattan Federal Court for a bail hearing, November 5, 2009. REUTERS/Brendan McDermid" border="0" /></a>Reuters - Galleon Group founder Raj Rajaratnam denies SEC insider trading charges, according to a court filing by his lawyers on Tuesday with the U.S. District Court for the Southern District of New York:</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/corpfraud/*http://news.yahoo.com/s/nm/20091124/bs_nm/us_galleon"><img src="http://d.yimg.com/a/p/rids/20091124/i/r2413260932.jpg?x=130&y=95&q=85&sig=N3fVIrAEnhdjxxnVqyQNeQ--" align="left" height="95" width="130" alt="photo" title="Galleon hedge fund partner Raj Rajaratnam arrives at Manhattan Federal Court for a bail hearing, November 5, 2009. REUTERS/Brendan McDermid" border="0"/></a></p><br clear="all"/> (Reuters) http://us.rd.yahoo.com/dailynews/rss/corpfraud/*http://news.yahoo.com/s/nm/20091123/us_nm/us_insider_trading_grmovsek nm/20091123/us_insider_trading_grmovsek Reuters us Mon, 23 Nov 2009 21:09:25 GMT Reuters - A Canadian attorney behind what U.S. prosecutors describe as the largest insider trading scheme in Canadian history was denied entry to the United States and could not be sentenced on Monday. http://us.rd.yahoo.com/dailynews/rss/corpfraud/*http://news.yahoo.com/s/afp/20091123/bs_afp/franceaerospaceinsiderregulatecompanyairbuseads afp/20091123/franceaerospaceinsiderregulatecompanyairbuseads AFP business Mon, 23 Nov 2009 20:45:10 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/corpfraud/*http://news.yahoo.com/s/afp/20091123/bs_afp/franceaerospaceinsiderregulatecompanyairbuseads"><img src="http://d.yimg.com/a/p/afp/20091123/capt.photo_1258970524698-3-0.jpg?x=130&y=88&q=85&sig=ELStHzFpWVc6LC5JZfEoCg--" align="left" height="88" width="130" alt="French former co-president of European aerospace group EADS Noel Forgeard (L) arrives at a hearing in Paris. France's markets watchdog have begun hearings into claims 17 current and former EADS aerospace executives made huge profits with inside information about delays in the Airbus A380 project.(AFP/Fred Dufour)" border="0" /></a>AFP - The French markets watchdog heard claims Monday that 17 current and former EADS aerospace executives saved themselves millions by exploiting insider knowledge of problems with the A380 superjumbo project.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/corpfraud/*http://news.yahoo.com/s/afp/20091123/bs_afp/franceaerospaceinsiderregulatecompanyairbuseads"><img src="http://d.yimg.com/a/p/afp/20091123/capt.photo_1258970524698-3-0.jpg?x=130&y=88&q=85&sig=ELStHzFpWVc6LC5JZfEoCg--" align="left" height="88" width="130" alt="photo" title="French former co-president of European aerospace group EADS Noel Forgeard (L) arrives at a hearing in Paris. France's markets watchdog have begun hearings into claims 17 current and former EADS aerospace executives made huge profits with inside information about delays in the Airbus A380 project.(AFP/Fred Dufour)" border="0"/></a></p><br clear="all"/> (AFP) http://us.rd.yahoo.com/dailynews/rss/corpfraud/*http://news.yahoo.com/s/ap/20091123/ap_on_bi_ge/us_investment_fraud_sentence_new_jersey ap/20091123/us_investment_fraud_sentence_new_jersey AP business Mon, 23 Nov 2009 14:38:31 GMT AP - A Southern New Jersey securities broker who operated a $1.8 million investment fraud scheme has been sentenced to more than eight years in prison. http://us.rd.yahoo.com/dailynews/rss/corpfraud/*http://news.yahoo.com/s/ap/20091123/ap_on_bi_ge/eu_france_insider_trading ap/20091123/eu_france_insider_trading AP business Mon, 23 Nov 2009 13:05:36 GMT AP - Seventeen executives at Airbus parent company EADS went on trial Monday for allegedly making millions in profits on the back of their company's troubles with the delayed A380 superjumbo project. http://us.rd.yahoo.com/dailynews/rss/corpfraud/*http://news.yahoo.com/s/ap/20091120/ap_on_bi_ge/us_sec_hedge_fund_probe ap/20091120/us_sec_hedge_fund_probe AP business Fri, 20 Nov 2009 20:57:54 GMT AP - A new development related to the government's investigation of possible insider trading at a major hedge fund has raised questions in the case and caught the attention of two key senators. http://us.rd.yahoo.com/dailynews/rss/corpfraud/*http://news.yahoo.com/s/ap/20091119/ap_on_bi_ge/us_sec_madoff_scandal ap/20091119/us_sec_madoff_scandal AP business Thu, 19 Nov 2009 23:42:49 GMT AP - The Securities and Exchange Commission must tighten its process for deciding which investment advisers to inspect if it is to avoid colossal breakdowns like the one that allowed Bernard Madoff's multibillion-dollar fraud to go undetected for 16 years, the agency's inspector general says. http://us.rd.yahoo.com/dailynews/rss/corpfraud/*http://news.yahoo.com/s/nm/20091119/us_nm/us_galleon_rajaratnam_khan nm/20091119/us_galleon_rajaratnam_khan Reuters us Thu, 19 Nov 2009 21:51:08 GMT Reuters - Prosecutors in California will not oppose a request by Galleon Group founder Raj Rajaratnam to make public the criminal record of Roomy Khan, one of several people cooperating with the U.S. government's probe of its biggest hedge fund insider trading case. http://us.rd.yahoo.com/dailynews/rss/corpfraud/*http://news.yahoo.com/s/ap/20091118/ap_on_bi_ge/us_metlife_fine ap/20091118/us_metlife_fine AP business Wed, 18 Nov 2009 19:41:43 GMT AP - A MetLife Inc. subsidiary and three other affiliates have been fined a total $1.2 million for alleged failures to ensure supervisors could review brokers' e-mails with the public. http://us.rd.yahoo.com/dailynews/rss/corpfraud/*http://news.yahoo.com/s/ap/20091117/ap_on_bi_ge/us_financial_fraud ap/20091117/us_financial_fraud AP business Tue, 17 Nov 2009 22:28:50 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/corpfraud/*http://news.yahoo.com/s/ap/20091117/ap_on_bi_ge/us_financial_fraud"><img src="http://d.yimg.com/a/p/ap/20091117/capt.fbd05ca1c0884cf99567c56e059e91e2.financial_fraud_dcmc104.jpg?x=130&y=79&q=85&sig=69CwlMvd44Kx4BJlbEnI.Q--" align="left" height="79" width="130" alt="Attorney General Eric Holder, second from left, speaks at the Justice Department in Washington, Tuesday, Nov. 17, 2009, during a news conference to discuss financial fraud efforts. From left are, Housing Urban Development Secretary Shaun Donovan, Holder, Treasury Secretary Timothy Geithner, and Securities and Exchange Commission Director of Enforcement Ron Khuzami. (AP Photo/Manuel Balce Ceneta)" border="0" /></a>AP - The Obama administration has formed a new task force to target financial fraud &mdash; replacing an earlier corporate fraud task force.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/corpfraud/*http://news.yahoo.com/s/ap/20091117/ap_on_bi_ge/us_financial_fraud"><img src="http://d.yimg.com/a/p/ap/20091117/capt.fbd05ca1c0884cf99567c56e059e91e2.financial_fraud_dcmc104.jpg?x=130&y=79&q=85&sig=69CwlMvd44Kx4BJlbEnI.Q--" align="left" height="79" width="130" alt="photo" title="Attorney General Eric Holder, second from left, speaks at the Justice Department in Washington, Tuesday, Nov. 17, 2009, during a news conference to discuss financial fraud efforts. From left are, Housing Urban Development Secretary Shaun Donovan, Holder, Treasury Secretary Timothy Geithner, and Securities and Exchange Commission Director of Enforcement Ron Khuzami. (AP Photo/Manuel Balce Ceneta)" border="0"/></a></p><br clear="all"/> (AP) http://us.rd.yahoo.com/dailynews/rss/corpfraud/*http://news.yahoo.com/s/nm/20091117/us_nm/us_insider_vegas nm/20091117/us_insider_vegas Reuters us Tue, 17 Nov 2009 21:58:31 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/corpfraud/*http://news.yahoo.com/s/nm/20091117/us_nm/us_insider_vegas"><img src="http://d.yimg.com/a/p/rids/20091117/i/r1375296629.jpg?x=130&y=87&q=85&sig=.p8sLbpI4W22t3c3WaHChA--" align="left" height="87" width="130" alt="The famous welcome sign on the south end of the Strip in Las Vegas, Nevada, June 15, 2004. REUTERS/Ethan Miller" border="0" /></a>Reuters - Las Vegas has cleaned up since its days as a magnet for ill-gotten mobster gains, but a Canadian insider trading scam has exposed the smaller-scale money laundering still going on in the desert city's casinos.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/corpfraud/*http://news.yahoo.com/s/nm/20091117/us_nm/us_insider_vegas"><img src="http://d.yimg.com/a/p/rids/20091117/i/r1375296629.jpg?x=130&y=87&q=85&sig=.p8sLbpI4W22t3c3WaHChA--" align="left" height="87" width="130" alt="photo" title="The famous welcome sign on the south end of the Strip in Las Vegas, Nevada, June 15, 2004. REUTERS/Ethan Miller" border="0"/></a></p><br clear="all"/> (Reuters) http://us.rd.yahoo.com/dailynews/rss/corpfraud/*http://news.yahoo.com/s/nm/20091117/us_nm/us_goldmansachs_programmer nm/20091117/us_goldmansachs_programmer Reuters us Tue, 17 Nov 2009 13:47:26 GMT Reuters - The criminal prosecution of Sergey Aleynikov, the former Goldman Sachs Group Inc programer charged this past summer with stealing some of the computer code for the firm's high-frequency trading program, appears headed to a rather anti-climatic conclusion. http://us.rd.yahoo.com/dailynews/rss/corpfraud/*http://news.yahoo.com/s/nm/20091117/bs_nm/us_lehman_barclays_lawsuit nm/20091117/us_lehman_barclays_lawsuit Reuters business Tue, 17 Nov 2009 07:19:37 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/corpfraud/*http://news.yahoo.com/s/nm/20091117/bs_nm/us_lehman_barclays_lawsuit"><img src="http://d.yimg.com/a/p/rids/20091117/i/r58683935.jpg?x=130&y=94&q=85&sig=armF9TMvFknH1SQdrko44A--" align="left" height="94" width="130" alt="People stand next to windows above an exterior sign at the Lehman Brothers headquarters in New York in this September 16, 2008 file photo. REUTERS/Chip East/Files" border="0" /></a>Reuters - Lehman Brothers Holdings Inc has filed a lawsuit against Barclays Capital Inc alleging the British bank took control of excess assets in collusion with Lehman executives when it bought its U.S. brokerage business a year ago, court documents show.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/corpfraud/*http://news.yahoo.com/s/nm/20091117/bs_nm/us_lehman_barclays_lawsuit"><img src="http://d.yimg.com/a/p/rids/20091117/i/r58683935.jpg?x=130&y=94&q=85&sig=armF9TMvFknH1SQdrko44A--" align="left" height="94" width="130" alt="photo" title="People stand next to windows above an exterior sign at the Lehman Brothers headquarters in New York in this September 16, 2008 file photo. REUTERS/Chip East/Files" border="0"/></a></p><br clear="all"/> (Reuters) http://us.rd.yahoo.com/dailynews/rss/corpfraud/*http://news.yahoo.com/s/ap/20091117/ap_on_bi_ge/us_sec_lawsuit_mantria ap/20091117/us_sec_lawsuit_mantria AP business Tue, 17 Nov 2009 03:16:00 GMT AP - Federal regulators have accused four people and two companies of fraud in an alleged $30 million Ponzi scheme that lured 300 investors nationwide in purported eco-friendly investments.