Corporate Crime

Sprint Nextel must face NY suit over tax fraud - judge

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NEW YORK - Sprint Nextel Corp must face a lawsuit brought by New York state accusing the company of deliberately not collecting or paying millions of dollars of taxes for its cell phone service, a judge has ruled.

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Ex-Dow officer charged in insider trading case

- A former officer of Dow Chemical Co has been charged by securities regulators in connection to an insider trading scheme based on Dow's 2008 acquisition of Rohm & Haas Co.

01 Jul 2013

Former KPMG partner pleads guilty for insider trading scheme

- Scott London, a former senior partner with accounting firm KPMG whose clients included Herbalife Ltd and Skechers USA , pleaded guilty before a federal judge in Los Angeles to a charge of securities fraud arising from his involvement in insider trading.

01 Jul 2013

Former KPMG partner pleads guilty for insider trading scheme

- Scott London, a former senior partner with accounting firm KPMG whose clients included Herbalife Ltd and Skechers USA , pleaded guilty before a federal judge in Los Angeles to a charge of securities fraud arising from his involvement in insider trading.

01 Jul 2013

Appeals court won't reverse three insider trading cases

NEW YORK - Three former Wall Street traders who were charged in a broad crackdown on insider trading by the U.S. government lost their bids to reverse their convictions and sentences on Monday.

Regulatory News, Breakingviews 01 Jul 2013

Italy prosecutor asks two years jail for Pirelli's Tronchetti Provera

MILAN - An Italian prosecutor has asked for two years imprisonment for businessman Marco Tronchetti Provera in a case involving the alleged use of Telecom Italia data to snoop on Italy's elite.

01 Jul 2013

Deutsche Bank settles L.A. claims on foreclosure blight

FRANKFURT - Deutsche Bank said it has settled a lawsuit with the U.S. city of Los Angeles that accused the bank of allowing hundreds of foreclosed properties to deteriorate into slum conditions and destabilize communities.

29 Jun 2013

Former Swiss banker pleads guilty to U.S. tax evasion

WASHINGTON - A former Swiss banker faces up to five years in jail after pleading guilty to dodging U.S. taxes and paying a $1.5 million fine before being sentenced, the U.S. Department of Justice said on Friday.

28 Jun 2013

Switzerland charges man with selling bank's client data to Germany

ZURICH - Swiss prosecutors have charged a German IT expert with selling client data from private bank Julius Baer in Zurich to the German tax authorities, they said on Friday.

28 Jun 2013

Three ex-Patria executives charged over Croatia bribes: prosecutors

HELSINKI - Prosecutors in Finland said on Friday they would charge three former executives of defense group Patria with bribing government officials in Croatia.

28 Jun 2013