Fraud

Ex-RBS trader suing for alleged wrongful dismissal

Tan Chi Min, a former RBS derivatives trader, is suing the bank for wrongful dismissal—a case that Financial Times reports is rooted in the LIBOR scandal. Read: How to reform LIBOR: CFA poll Tan was fired in November 2011 for alleged gross misconduct relating to the setting of LIBOR. Now, he counters in his lawsuit […]

By Wire services |September 27, 2012

1 min read

Planning and Advice

7 tips to fight fraud

How to minimize risk of employee misconduct

By Michael McCormack |September 26, 2012

3 min read

Industry

Broker used investor funds to pay mortgage, credit card bills

A U.S. broker has been charged with stealing money from clients to pay his personal mortgage and travel costs. He also operated a "Ponzi-like" scheme.

By Staff |September 14, 2012

3 min read

Industry

U.S. rep caught impersonating wealthy client

Francis Martin Florey was quickly caught and fined by FINRA for both impersonating a wealthy client and attempting to steal their funds.

By Wire services |September 14, 2012

1 min read

Barclays new chief pledges to clean house

The head of Barclays’ retail and business banking operations is moving on up; he’s been named as its new chief executive. Antony Jenkins will fill the post vacated recently by Bob Diamond, in the wake of a scandal over attempts to manipulate LIBOR. “We have made serious mistakes in recent years and clearly failed to […]

By Wire services |August 30, 2012

2 min read

Barclays at it again

Barclays’ regulatory woes continue to pile up. A new probe is being launched by the Serious Fraud Office (SFO) in the U.K. for the British bank’s bail-out by the Middle East in 2008. The inquiry focuses on the disclosures of commission payments made by Barclays to secure the bail-out funds totaling £11.5 billion (about $18 […]

By Staff |August 29, 2012

1 min read

Shoemaker fined $63,000 for fraud

The Ontario Securities Commission (OSC) has found Chinese shoemaker Zungui Haixi Corporation and its two founders, Yanda Cai and Fengyi Cai, guilty of fraud. Specifically, they “have demonstrated a total and continuing disregard for their obligations under Ontario Securities law” and “have demonstrated from their conduct that they are fundamentally ungovernable,” says the OSC. The […]

By Staff |August 29, 2012

1 min read

Fraud

Ex-RBS trader suing for alleged wrongful dismissal

7 tips to fight fraud

Broker used investor funds to pay mortgage, credit card bills

U.S. rep caught impersonating wealthy client

How to reform LIBOR: CFA poll

Portus’ Mendelson to face sanctions hearing

Protect your rep

Barclays new chief pledges to clean house

Barclays at it again

Shoemaker fined $63,000 for fraud