White Collar Law360 provides breaking news and analysis on corporate crime and enforcement. Coverage includes criminal cases against companies, executives and employees, public officials, lawyers, and law firms, as well as related civil litigation and policy developments.
The Chancellor of the Exchequer is pushing British regulators to investigate allegations that HSBC and Standard Chartered helped to launder money as part of a South African corruption scandal, Treasury officials said Thursday.
Former UBS trader Tom Hayes has received permission to appeal an order allowing the Serious Fraud Office to confiscate £879,000 ($1.16 million) in assets after his conviction for manipulating the London interbank offered rate, his lawyer said Wednesday.
A federal grand jury indicted Nippon Chemi-Con Corp. for participating in a long-running conspiracy to fix prices for electrolytic capacitors, the U.S. Department of Justice announced Wednesday.
Federal prosecutors who investigated ex-U.S. Representative Aaron Schock for allegedly stealing $100,000 in government and campaign funds told an Illinois federal judge on Tuesday that they never intended to mislead after the judge asked the government to review statements it had made in light of “misleading, if not simply false” claims from the prosecutors.
In a closing argument that lasted 5 1/2 hours, counsel for former former HSBC foreign currency exchange executive Mark Johnson told a Brooklyn federal jury Wednesday that Johnson, despite defrauding Cairn Energy through a $3.5 billion forex deal, is a good man, an innocent man incapable of committing fraud and, for good measure, there was no fraud.