There are still persistent levels of unethical business conduct around the world as there has been great political change and increased economic uncertainty, stated Ernst & Young's Fraud Investigation & Dispute Services in their 2017 Fraud Survey...
Search Results for: JPMorgan
UK Supreme Court rejects JPMorgan executive's wrongful identification claim
The UK Supreme Court ruled on Wednesday that the Financial Conduct Authority (FCA) did not misidentify former JPMorgan official Achilles Macris in its penalty notice in connection with the "London Whale" Scandal. The...
International Treaty and Constitution: Contradictions of Cameroon
JURIST Guest Columnist Doris Toyou of the University of Pittsburgh School of Law discusses treaty translation issues in the nation of Cameroon... The 2016 unrest in the Republic of Cameroon ("Cameroon") started when a group of Anglophone lawyers demanded an...
US and UK regulators fined Deutsche Bank a combined $630 million in connection with a Russian money laundering scheme. Clients illegally moved over $10 billion from Russia via shares that were bought and...
Federal judge blocks litigation endangering settlement for Bernie Madoff victims
A federal judge blocked litigation on Wednesday dealing with Bernie Madoff's former Ponzi scheme customers. US District Judge Gregory Woods prevented A&G Goldman Partnership and Pamela Goldman from pursuing a lawsuit aimed...
Western Union pays $586 million and admits to knowing about fraudulent actions
Western Union Co. on Thursday agreed to pay $586 million after admitting to turning a blind eye to criminals who used their service for fraud and money laundering. The US Department of Justice (DOJ) [official...
The US Commodity Futures Trading Commission (CFTC) on Thursday ordered Citigroup Global Markets Inc. (Citigroup) to pay over 25 million dollars for engaging in deceitful business trading practices. The CFTC found that Cigroup would...
JPMorgan agrees to settlement on mortgage discrimination complaint
JPMorgan Chase & Co agreed Wednesday to pay $55 million to settle a lawsuit by the US Department of Justice (DOJ) . The lawsuit accuses JPMorgan of discriminating against minority borrowers by allowing...
US appeals court revives FDIC suit against banks over mortgage-backed securities sales
The 2nd U.S. Circuit Court of Appeals in New York on Wednesday revived a lawsuit that stems from the 2008 financial crisis. The Federal Deposit Insurance Corp (FDIC) brought suit in 2012 against five...
The US Supreme Court on Tuesday rejected an appeal by several large banks asking to dismiss lawsuits brought by private investor groups accusing them of conspiring to manipulate the Libor benchmark interest rate. The...