It will become illegal for Canadian businesses to grease the palms of foreign government officials to speed up or facilitate routine transactions such as permits, Global Affairs Canada announced today. read more »
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A concert promoter admitted to his role in fleecing investors of more than $95 million in a Ponzi scheme where investors were told their funds were going to buy and resell blocks of tickets to popular concerts and musicals including the smash Broadway hit "Hamilton."
How a whistleblower escaped Saudi Arabia after uncovering an alleged bribery scheme at Airbus - Retired Army officer Ian Foxley thought he had found his dream job overseeing a £1.96 billion ($2.6 billion) contract for upgrading defence telecommunications in Riyadh, Saudi Arabia. Instead, he uncovered what he believed was evidence of a multi-million-pound bribery scheme, and tried to blow the whistle
UBS AG will pay a $3.5 million civil fine to settle U.S. Securities and Exchange Commission claims that it overcharged customers on mutual funds, the regulator said on Friday.
Royal Bank of Scotland Group Plc (RBS.L) agreed to pay more than $44 million and enter a non-prosecution agreement to settle a U.S. Department of Justice criminal probe of traders accused of defrauding customers on bond prices.
The scandal has drawn in several international companies, including KPMG International and McKinsey & Co., which have both launched internal probes to investigate their ties to the Guptas but denied wrongdoing.
Vice President Mike Pence cast the tie-breaking vote Tuesday night to repeal a rule that made it easier for Americans to sue their banks and credit card companies.
A Dallas pharmacy executive has pleaded guilty to taking part in a massive kickback scheme that scammed the military's insurance program out of more than $100 million, authorities said.
Four South Korean banks filed a lawsuit against Newegg, Inc. on Friday alleging that the City of Industry company, which operates the computer parts and accessories retailer Newegg.com, conspired with a South Korean hardware manufacturer to defraud the banks of hundreds of millions of dollars.
Whistleblower Exposed Express Hospitality Group's Long-Running Tax Scheme - Attorney General Eric T. Schneiderman today announced the conviction of Yankee Clipper Food Services I Corporation on felony charges stemming from an extensive scheme to avoid paying New York taxes between 2011 and 2015.
Financial corruption investigators in France are examining the role played by the world governing body for motor sports in the $4.4 billion sale of the Formula One auto-racing series, according to two people familiar with the inquiry. Investigators want to know if the Federation Internationale de l'Automobile, which is based in Paris and commonly...
Kobe Steel, the Japanese metals producer at the focus of a worldwide quality scandal, has now come under the scrutiny of the United States Department of Justice. The company said Tuesday that its American unit, Kobe Steel USA, had received a request from the Justice Department for documents and records related to any substandard metals sold to customers in the United States.
It's the latest big scandal to rock corporate Japan. Kobe Steel a century-old industrial giant, has admitted to falsifying data on products sold to top customers like Boeing and Toyota. It says as many as 500 companies could be affected, including manufacturers of Japan's famous bullet trains.
Equifax's beleaguered website or rather, Equifax's beleaguered customers, which is to say all of us just can't catch a break. First, a vulnerability in credit agency's web application software allowed hackers to breach into the system in May and potentially abscond...
The Securities and Exchange Commission today announced that a whistleblower has earned an award of more than $1 million for providing the SEC with new information and substantial corroborating documentation of a securities law violation by a registered entity that impacted retail customers.
The consultancy announced it would deposit R970-million it earned from Eskom into a ring-fenced account. The global management consultancy McKinsey & Co on Tuesday announced it would deposit R970-million it earned from Eskom into a ring-fenced account and challenged the power utility and its black empowerment partner, Trillian, to submit the troubled contract for review to the High Court.
A federal judge has tossed out a U.S. government lawsuit accusing UnitedHealth Group of overcharging Medicare. The case is one of two whistleblower lawsuits alleging similar conduct. In one, the government says wrongful payments to UnitedHealth exceed $1 billion. The U.S. Department of Justice contends the big health insurer violated the federal False Claims Act so it could collect more money in Medicare reimbursements.
Equifax's former chief executive Richard Smith repeatedly deflected questions from a Senate panel Wednesday about a $7 million IRS contract the company recently received to help prevent fraud and whether the company could profit from the hack that exposed sensitive data of 145 million people. "Can you explain to the American people, not just as consumers who have been exposed and breached here, but as taxpayers, why in the world...
Equifax Inc (EFX.N) was alerted in March to the software security vulnerability that led to hackers obtaining personal information of more than 140 million Americans but took months to patch it, its former CEO said in testimony to be delivered to Congress on Tuesday.
The Equifax breach may have you watching your financial records closely for evidence of fraudulent new accounts or suspicious transactions. But you may also want to keep a close eye on your incoming email, researchers say - and here's why. Since August, digital thieves have sent hundreds of thousands of phishing emails impersonating an alarming number of banking institutions, according to a report Thursday by the cloud security company Barracuda Networks.
