Amazon's business practices examined by two U.S. states

REUTERS

State investigators in both California and Washington are examining Amazon’s business practices, two newspapers reported, citing people familiar with the matter.

The reports said California state is reviewing Amazon’s practices on selling its own products in competition with third-party vendors. read more »

A Machiavellian mastermind or a naïve kid? The story of the Flash Crash Trader

CITY AM

On a cold morning in April 2015, half a dozen FBI agents and police officers pulled up outside a modest semi-detached house in Hounslow to arrest a man they considered to be among the most prolific and dangerous market manipulators in the world. 

Their target, Navinder Singh Sarao, had accumulated $70m buying and selling futures in his bedroom like he was playing a computer game. According to the American government, he had also helped spark a trillion-dollar market crash. read more »

Three Charged in $180 Million Health Care Fraud and Money Laundering Scheme

DOJ

An indictment against three individuals for their alleged involvement in various schemes to defraud Medicare, TRICARE, and private insurance companies, and their conspiracy to launder the proceeds has been unsealed today.  The conduct allegedly resulted in more than $180 million in fraudulent billings. read more »