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UK ‘SERIOUS FRAUD OFFICE’ LAUNCHES CRIMINAL PROBE: FOREIGN EXCHANGE MARKETS

By   /  July 20, 2014  /  International Fraud News  /  No Comments

  Britain’s Serious Fraud Office will launch a  criminal investigation into  the foreign exchange markets at leading British banks. The Serious Fraud Office, an “independent government department,” will investigate possible manipulation of the of  the country’s $3 trillion-a-day foreign exchange markets, according to a report from the The Daily Telegraph and the Financial Times. The reports indicate […]

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FRAUD BROTHERS: BRIT TWINS JAILED FOR PROPERTY SCAM

By   /  July 8, 2014  /  International Fraud News  /  No Comments

A couple of British twins, dubbed the “fraud brothers,” will be spending time behind bars after being sentenced on a fraud charges. Paul Aspden, 54, pleaded guilty to a fraud charge, related to a scam involving a phony Bulgarian investment. His twin brother, Peter, pleaded guilty to “Making a false and Misleading Statement as to […]

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NIGERIAN FRAUDSTER JAILED FOR ADVANCE-FEE SCHEME

By   /  July 6, 2014  /  International Fraud News  /  No Comments

A high-living, utterly heartless Nigerian fraudster will spend eight years in a British prison after being found guilty of stealing millions from pensioners in the United States and United Kingdom. Frank Onyeachonam, 38, was convicted of running an “advance-fee” scam that targeted vulnerable, elderly people in both countries, according to a report from The News […]

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SARKOZY INVESTIGATED: CORRUPTION CHARGES

By   /  July 2, 2014  /  International Fraud News  /  No Comments

French federal prosecutors have launched an investigation looking  into corruption charges against former President Nicolas Sarkozy. Sarkozy, President of France from 2007-2012, is being investigated on corruption charges that could derail his political career, and send Sarkozy to prison for 10 years. French federal investigators have opened a formal inquiry into whether Sarkozy, his lawyer, and a powerful appeals […]

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FRAUD CHARGES IMPERIL AFGHAN ELECTIONS

By   /  June 30, 2014  /  International Fraud News  /  No Comments

The Afghan elections, already a mess amid violence and accusations of widespread voter fraud, has become much messier. A statement from the campaign of Abdullah Abdullah, a leading Presidential candidate, stated that Mr. Abudullah would not participate with the Afghan election body, the “Independent Election Commission,” as it recounts votes from last month’s Presidential election. “From […]

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ARGENTINE VP CHARGED IN CORRUPTION SUIT

By   /  June 29, 2014  /  International Fraud News  /  No Comments

Argentine federal prosecutors have charged the country’s Vice-President, Amado Boudou,  with corruption. Mr. Boudou, 51, is charged with steering currency printing contracts to a company controlled by him.  The alleged corruption occurred during Boudou’s previous office as Minister of the Economy, according to reporting by the BBC. In late May, Vice-President was summoned by a federal judge to […]

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SPANISH PRINCESS FACES FRAUD CHARGES

By   /  June 26, 2014  /  International Fraud News  /  No Comments

A Spanish princess faces fraud charges after a judge ruled that she must stand trial in a case involving her husband’s business. A Palma de Mallorca court said that Princess Infanta Cristina, also known as Cristina de Borbon,  must face tax fraud and money laundering charges, according to a report in Newsweek. The charges stem […]

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FREED SUDANESE CHRISTIAN RE-ARRESTED: FRAUD

By   /  June 25, 2014  /  International Fraud News, Latest Fraud News  /  No Comments

Just two days after being spared death by hanging and freed from prison, Meriam Yahia Ibrahim Ishag, the Sudanese-Christian woman jailed for refusing to reject her faith, has been re-arrested in Sudan. In today’s arrest, Ms. Ibrahim Ishag, 27, is being investigated for using fraudulent documents in an attempt to leave the country. The Agence-France Presse […]

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UK POLICE CHIEF SUSPENDED: FRAUD INVESTIGATION

By   /  June 22, 2014  /  International Fraud News  /  No Comments

A chief constable in the UK has been suspended from his position, pending the results of a fraud investigation, according to a report in the Belfast Telegraph. Mark Gilmore, chief constable of the West Yorkshire police department, is being investigated in his home country of Northern Ireland on bribery charges that concerned the  awarding of […]

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VIETNAMESE BANK BIG GETS 30 YEARS FOR FRAUD!

By   /  June 9, 2014  /  International Fraud News, Latest Fraud News  /  No Comments

A former Vietnamese banking bigwig, once one of Viet Nam’s richest men, was sentenced Monday to 30 years in prison on fraud and tax evasion charges. Nguyen Duc Kien, 50,  a co-founder of Asia Commercial Bank, was convicted in an Hanoi court in late May of “engaging in illegal business,” and “deliberately violating state regulations […]

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