Fraud

Man runs $12 million Ponzi scheme Fallback Image Decorative pattern

Industry

Man runs $12 million Ponzi scheme

Kaveh Vahedi, a 51-year-old business owner and mortgage broker, has been keeping himself busy—and very rich—over the past few years.

By Staff |December 3, 2012

1 min read

UK regulator fines UBS £29.7 million Fallback Image Decorative pattern

Industry

UK regulator fines UBS £29.7 million

Following the sentencing of ex-trader Kweku Adoboli last week, Britain's financial regulator fined UBS £29.7 million ($47.6 million).

By Wire services |November 26, 2012

1 min read

SEC charges fake advisor with fraud Fallback Image Decorative pattern

Industry

SEC charges fake advisor with fraud

The SEC has charged an alleged investment adviser in New York for defrauding investors by convincing them to invest in his start-up businesses.

By Staff |November 22, 2012

2 min read

Your boss reads your instant messages Fallback Image Decorative pattern

Industry

Your boss reads your instant messages

In most major scandals, compromising emails are used as one of the main, supporting sources of evidence. Investigators wrapping up the LIBOR scandal have gotten their hands on yet another type of proof, though; employees private instant messages.

By Vanessa Farquharson, Canadian Business |November 20, 2012

3 min read