SEC Charges Unregistered Investment Adviser with Defrauding Investors in Decade-Long Scheme

SEC

The Securities and Exchange Commission today charged George Heckler, of Charleston, South Carolina, for operating a decade-long investment adviser fraud through two private hedge funds, Cassatt Short Term Trading Fund LP (Cassatt) and CV Special Opportunity Fund LP (CV Special), that Heckler formed to conceal massive losses incurred by Conestoga Holdings LP (Conestoga), another fund controlled by Heckler. read more »

Former Defense Contractor Executive Extradited from Thailand to United States to Face Charges for Participation in Massive Scheme to Defraud the U.S Navy

DOJ

Pornpun Settaphakorn, a former executive of foreign defense contractor Glenn Defense Marine Asia (GDMA) who oversaw the company’s Thailand office, appeared in federal court in San Diego today following her extradition last week from Thailand. read more »

Sweden's Scania admits 'misconduct' in India after contract-for-bribes report

REUTERS

An internal investigation at Scania into its Indian operations found evidence of misconduct by employees including senior management, the Swedish bus and truck maker said on Wednesday, adding the individuals involved had all left the company. read more »