POST Online Media Lite Edition



 

Crime : Page 205

Kraft, Mondelez must face wheat price-rigging lawsuit

June 28, 2016
A federal judge in Chicago refused to dismiss a lawsuit in which wheat futures and options traders accused Kraft Heinz and Mondelez International of illegally manipulating the grain's price at their expense.

Dante S. Giovannetti, his companies to pay $2.7m over commodity pool fraud

June 28, 2016
CFTC said that Dante S. Giovannetti and his companies have been ordered by the court to pay over $2.7 million commodity pool fraud.

Russian FAS suspects stevedoring companies fix high prices at seaports

June 27, 2016
The Federal Antimonopoly Service (FAS Russia) opened cases upon elements of violating the antimonopoly law against 9 companies, rendering freight loading, unloading and storage in the seaports.

Former employee sentenced for stealing checks from Julia Ribaudo care center

June 27, 2016
A former skilled nursing home employee will spend up to six months in prison after stealing more than $73,000 from a Pennsylvania-based care facility and its residents.

India among top 3 regions in corruption-linked fraud

June 27, 2016
An overwhelming 80 percent of companies polled in India said they had been victims of fraud in 2015-16, up from 69 percent in 2013-14.

Financial crime in Australia increased fivefold

June 27, 2016
Financial crime is on the rise in Australia, with the country's senior money-laundering officials saying they've witnessed a dramatic increase in fraudulent transactions.

Director sentenced in Auckland for the false financial statements

June 27, 2016
SPG Investment Company No. 1 Limited (SPGI) director Mark Andrew Turnock has been sentenced in the Auckland High Court to four months home detention and 200 hours of community work.

SEC charges 'Frack Master' with running $80 million oil and gas fraud

June 25, 2016
The Securities and Exchange Commission (SEC) charged four companies and eight individuals in an $80 million oil and gas fraud orchestrated by a Dallas man who calls himself the “Frack Master” for his purported expertise in hydraulic fracturing.

SFC fines State Street Global Advisors Asia $4 million over Tracker Fund

June 25, 2016
The Securities and Futures Commission (SFC) of Hong Kong has reprimanded and fined State Street Global Advisors Asia Limited (SSGA) $4 million for its failure to comply with regulatory requirements in the management of Tracker Fund of Hong Kong.

Insider trader in Australia sentenced to full time imprisonment

June 25, 2016
Former banker, 30-year-old Oliver Curtis was sentenced to two years imprisonment after being found guilty by a Supreme Court jury of conspiring to commit insider trading with his former best friend, John Hartman.

Arrests in Florida for defrauding Medicaid for $360,000

June 24, 2016
Florida Attorney General Pam Bondi’s Medicaid Fraud Control Unit and the Bay County Sheriff’s Office arrested two Panama City mental health counselors for allegedly defrauding the Florida Medicaid program out of more than $360,000.

RusHydro ex-head Yevgeny Dod arrested in fraud probe

June 24, 2016
Moscow’s Basmanny Court has arrested former RusHydro CEO Yevgeny Dod accused of large-scale fraud with 2013 bonus payments.