Whistleblower can't intervene in 'pill mill' doctors' forfeiture proceedings

A former employee of two Alabama doctors convicted of operating a pill mill may not intervene in their criminal case to claim a cut of funds they forfeited as a reward for pursuing a related whistleblower case, a federal appeals court has ruled. read more »

SEC Opens Investigation Into Honeywell’s Asbestos Accounting

Investigation follows discussions with the SEC that prompted Honeywell to restate asbestos liabilities by about $1.1 billion more than prior estimate

Honeywell International Inc. said the Securities and Exchange Commission has opened an investigation into the company’s accounting for asbestos-related liabilities.

The conglomerate said the investigation follows discussions with the SEC that prompted it to correct and restate its asbestos liabilities by about $1.1 billion more than its prior estimate. read more »

Federal Court Orders Trading Firm and CEO to Pay More than $2.5 Million for Fraudulent Bitcoin Ponzi Scheme

A New York federal court has ordered New York corporation Gelfman Blueprint, Inc. (GBI) and its Chief Executive Officer Nicholas Gelfman of Brooklyn, New York, to pay in total over $2.5 million in civil monetary penalties and restitution in what was the first anti-fraud enforcement action involving Bitcoin filed by the Commodity Futures Trading Commission read more »

UK Prosecutors Charge Ex-Deutsche Bank Trader In Euribor Case

The U.K.’s Serious Fraud Office charged a former Deutsche Bank AG trader on Saturday as a co-conspirator in the sprawling investigation into the manipulation of interest rates.

Andreas Hauschild was extradited to the U.K. after being arrested in Italy in August. He was charged by the SFO with conspiracy to defraud in connection with the manipulation of the Euro Interbank Offered Rate, or Euribor, the SFO said in a statement.

Euribor is a benchmark that helps set interest rates on trillions of dollars’ worth of financial products, such as mortgages and corporate loans. The benchmark was an average of figures submitted by a panel of banks based on how much it costs European lenders to borrow from each other. read more »