Wells Fargo has entered into a $3 billion agreement with the United States Department of Justice (DOJ) and the United States Securities and Exchange Comission (SEC) in an investigation over fraudulent sales practices. In return, the DOJ and SEC have agreed to drop criminal charges and resolve a pending civil investigation. The investigations uncovered millions [...]

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A Cairo Criminal Court acquitted two sons of former Egyptian president Hosni Mubarak of stock exchange manipulation Friday. The court acquitted six other individuals of the same charges. Officials arrested Mubarak’s sons, Alaa and Gamal, in September of 2018 as part of an ongoing stock exchange manipulation investigation that began in 2012. An Egyptian court [...]

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A Turkish court on Tuesday acquitted nine of 16 individuals on charges related to organizing the 2013 Gezi Park protests. Among the acquitted were architects, a journalist, lawyers, actors and Osman Kavala, a Turkish businessman and philanthropist who served two years in prison prior to the trial. The entire group faced the collective possibility of [...]

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The Iran Judiciary Spokesperson on Tuesday announced Iran’s plans to execute an alleged CIA spy. The spokesperson identified the spy as Amir Rahimpour, an Iranian national. Iran alleges that Rahimpour “received big sums of money as his wage and tried to provide the US intelligence service with nuclear information.” The spokesperson reported that the Supreme [...]

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Malawi’s constitutional court on Monday nullified the 2019 presidential election results. A five-judge panel unanimously agreed to the nullification, citing widespread anomalies and irregularities in the election results. In May 2019 Malawi reelected President Peter Mutharika with 1,940,709 votes, 38.57 percent of total votes. His opposition, Lazarus Chakwera, followed with 1,781,740 votes, 35.41 percent of [...]

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Japanese officials issued a warrant Thursday for three men suspected of smuggling former Nissan chairman, Carlos Ghosn, from Japan. Among the three suspects is Michael Taylor, a former US Green Beret. These warrants follow after Japan issued a warrant for Ghosn and his wife in early January. Japan arrested the former Nissan executive in November [...]

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A federal judge dismissed a case Monday that alleged the Chicago Board Options Exchange (CBOE) knowingly allowed anonymous traders to manipulate the option exchange market. The traders who filed the suit argued that CBOE violated the Securities Exchange Act and Commodity Exchange Act to increase profitability and acted negligently by allowing the manipulation. CBOE founded [...]

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