A trove of hidden documents detailing how Facebook made money off children will be made public, a federal judge ruled last week in response to … Facebook Made a Lot of Money Tricking ChildrenRead more
Fraud
Posted inBank / News
JPMorgan to Pay $920 Million Fine for London Whale Debacle
The financial giant JPMorgan Chase has agreed to pay $920 million in fines to U.S. and British regulators for the so-called “London Whale” trades that … JPMorgan to Pay $920 Million Fine for London Whale DebacleRead more
Posted inGoogle / News / Tax
Google shifted $23 billion to tax haven Bermuda in 2017
Google moved 19.9 billion euros (17.9 billion pounds) through a Dutch shell company to Bermuda in 2017, as part of an arrangement that allows it … Google shifted $23 billion to tax haven Bermuda in 2017Read more
Posted inBank / News
Former Credit Suisse bankers arrested in London over ‘$2bn fraud scheme’
Three former Credit Suisse bankers have been arrested in London on US charges that they conspired in a $2bn (£1.6bn) loan scheme that allegedly saw … Former Credit Suisse bankers arrested in London over ‘$2bn fraud scheme’Read more
Posted inBank / News
Former JPMorgan Employees Charged for Hiding “London Whale” Losses
New York prosecutors have unveiled charges against two former employees of the banking giant JPMorgan Chase for the so-called “London Whale” trades that cost the … Former JPMorgan Employees Charged for Hiding “London Whale” LossesRead more
Posted inFinance / News
Hedge Fund Giant SAC Accused of Securities, Wire Fraud
Federal prosecutors have unveiled charges against the hedge fund giant SAC Capital Advisors for alleged securities and wire fraud. The indictment accuses SAC of enabling … Hedge Fund Giant SAC Accused of Securities, Wire FraudRead more
Posted inBank / News
UBS to Pay $885 Million Fine for Pushing Toxic Mortgages
The banking giant UBS has agreed to pay a $885 million settlement for deceptively selling mortgage-backed securities to Fannie Mae and Freddie Mac. Under the … UBS to Pay $885 Million Fine for Pushing Toxic MortgagesRead more
Posted inBank / Economics / News
Bank Traders Manipulated Foreign Exchange Rate Worth Trillions
Bloomberg News is reporting traders at some of the world’s biggest banks have manipulated key foreign exchange rates used to set the value of investments … Bank Traders Manipulated Foreign Exchange Rate Worth TrillionsRead more
Posted inNews
Ex-Enron CEO Jeffrey Skilling Reaches Deal for Early Release
The jailed former Enron executive Jeffrey Skilling has reached a plea deal that could see him serve around half of his original 24-year sentence. Skilling … Ex-Enron CEO Jeffrey Skilling Reaches Deal for Early ReleaseRead more
Posted inToMl / USA Empire
Voting Machines: What Could Possibly Go Wrong?
Since the 2016 election, there has been a good deal of commentary and reporting about the threats to American democracy from, on the one hand, … Voting Machines: What Could Possibly Go Wrong?Read more