On Monday, a U.S. federal court in Texas has summoned lawyers for ZTE Corp for a hearing whether the Chinese telecommunications equipment maker violated probation in connection with an alleged conspiracy to commit visa fraud. The company is on probation in… Read More ›
In a significant development, the U.S. Justice Department has charged Chinese telecommunications company Hytera of stealing mobile radio technology of an American company. The DOJ has charged Hytera of conspiring to steal US intellectual property of Motorola Solutions Inc. In a partially… Read More ›
A U.S. jury has convicted Elizabeth Holmes, the founder of Theranos, of being guilty of defrauding investors in the blood testing startup. The jury convicted Holmes of of investor fraud and conspiracy, but acquitted her on three counts of defrauding… Read More ›
In a significant development a U.S. appeals court has revived a litigation wherein large banks had been accused of conspiring to rig the Libor interest rate benchmark, including during the 2008 financial crisis, to boost their profits at investors’ expense… Read More ›
In a report, Agence France-Presse said, French prosecutors have started a preliminary investigation into suspected money laundering operations by the governor of Lebanon’s central bank. Riad Salameh has come under investigation for conspiracy and organised money-laundering, said the report citing… Read More ›
The U.S. Justice Department has charged Teva Pharmaceutical Industries Ltd with charges including colluding to conspire with competitors to raise prices of widely used generic drugs, high cholesterol drug. “Today’s charge reaffirms that no company is too big to be… Read More ›
Following detection of fraudulent transactions, Toshiba has filed a lawsuit against a former employee at its U.S. unit. On Thursday. Toshiba Corp said it has filed a lawsuit against a former employee of a U.S. unit for conspiring with a… Read More ›
Judge Robert Jay told the entire jury that their services are no longer required. In a landmark case revolving around fraudulent transactions perpetuated by four former Barclays executives who had been accused of paying Qatar undisclosed fees to help rescue… Read More ›
Brent Borland, 48, a principal at Borland Capital Group, has pleaded guilty to ripping off dozens of investors to the tune of $21.9 million. As per a statement from the U.S. Department of Justice, Brent Borland, 48, a NY-based investment… Read More ›
Although Nissan’s board fired Ghosn as its chairman as well as Kelly as its representative director; technically both are still board members and can be only removed by shareholders. On Wednesday, Nissan’s former director Greg Kelly was examined at a… Read More ›
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