Prosecutors arrest three in Wirecard criminal enterprise

REUTERS

German prosecutors arrested three former top executives at Wirecard on Wednesday, saying they now suspected them of an organised criminal enterprise to bilk creditors of billions of euros based on faked accounts.
 

Former Chief Executive Markus Braun, who is already a suspect, was re-arrested along with Wirecard’s former chief financial officer and chief accounting officer on testimony from a cooperating witness, the prosecutor’s office said. read more »

SEC Charges Silicon Valley Start-Up and CEO With Defrauding Investors

SEC

The SEC’s complaint alleges that from 2018 to 2019, Shaukat Shamim, the founder and CEO of YouPlus, a private company that purported to have developed a machine-learning tool to analyze videos on the internet, raised funds from investors while repeatedly misrepresenting the company’s financial condition.  According to the complaint, Shamim falsely told investors that YouPlus earned millions of dollars in annual revenue and had more than 100 customers, including Fortune 500 companies. read more »

Ohio state House speaker arrested in connection to $60 million bribery scheme

CNN

Larry Householder and four other political operatives were charged with racketeering in what US Attorney David DeVillers described as "likely the largest bribery money laundering scheme ever perpetrated against the people of the state of Ohio."

A criminal complaint filed on Thursday and unsealed on Tuesday specifically alleges that Householder and four others orchestrated an operation to accept over $60 million dollars from "Company A" in return for a public bailout for the company worth more than $1 billion. read more »