Offshore banking secrecy is an example of something that did not cause the crisis but has been vigorously targeted in its aftermath.Wealthier clients are also likely to be less inclined to pay fat fees in such businesses as asset management, as falling markets, frauds such as the Bernard Madoff scandal and broken promises of absolute returns make investors question the value they are getting.
It would quickly get to the heart of the problem the perverse pay and risk incentives in our financial system and start cleaning out some of the markets' fraud-clogged arteries.
"What happened here was essentially stock market fraud.
A judge from Iowa introduced himself and said that he once presided over a life insurance marketing fraud case brought by Mr. Weiss.
The case of Jonathan Lebed, labeled a teenage stock swindler, illustrates the two most salient facts about stock market fraud today, law enforcement officials and securities lawyers say.
The charges laid on Thursday mark the latest effort by US authorities to crack down on the use of social media to commit stock market fraud.
The deal also helps Coke move beyond an embarrassing chapter in the history of its fountain business, which was accused of marketing fraud last summer.
The judge also approved a temporary restraining order prohibiting the company and its owners — Alexander Seung Hahn, who is on probation for an earlier marketing fraud case, and his wife, Joo Hyun Park, from making deceptive claims.
DealBook » In Utah, a Local Hero Is Accused of Fraud | An Internet marketing millionaire named Jeremy Johnson, who is known in his local community as "Christlike," has been accused by the Federal Trade Commission of being "the mastermind" behind a large and intricate online marketing fraud, The New York Times reports.
The NAO estimated that consumers lost at least £14.8bn last year, of which £4.2bn is thought to be hidden and unreported losses from crime such as mass marketing fraud and counterfeit goods.
He does not address the agency's sluggish investigative pace, the wrist-slap penalties available to it or its meager resources for reviewing corporate audits and monitoring market fraud.
