China Fraud, Can we believe anything? China has recently uncovered almost $10bn in fraudulent trade nationwide as part of an investigation begun in April last year, the country’s currency regulator said.
China companies reportedly “faked, forged and illegally re-used” documents […]
PIMCO, Bill Gross, Fraud and Cockroaches? The Wall Street Journal is reporting that the Securities and Exchange Commission (SEC), is investigating the investment firm Pacific Investment Management Co. (PIMCO) for artificially boosting returns of the Pimco Total Return ETF, a […]
ISIS Financial Fraud, Just Who? During its conquest of the northern Iraqi city of Mosul, ISIS fighters looted more than 500 billion Iraqi Dinar, worth about $420 million from the city’s banks. Iraqi officials estimate that the group now has […]
Forex a rigged game? Swiss regulators said they’re investigating several banks for allegedly colluding to manipulate the $5.3 trillion-a-day foreign exchange market. In June the UK’s Financial Conduct Authority, the City regulator, also launched an investigation into the potential rigging […]