Topic
Fraud
3,061 published works
International Financial Law Prof Blog
Behind Collapse of Portugal’s Espirito Santo Empire
By David Herzig
The Wall Street Journal reports on the Espirito Santo collapse. "[T]he heart of the affair lies a small Swiss financial company now called Eurofin Holding SA, which was set up…
International Financial Law Prof Blog
Standard Bank takes $80 hit on Chinese Fraud
By David Herzig
According to the Financial Mail, "Standard Bank said on Thursday it took an $80m write-down from its exposure to a suspected metal financing fraud in China. Chinese authorities launched an investigation…
Sentencing Law and Policy
Noting the push for reforming the fraud federal sentencing guidelines
Main August 13, 2014Noting the push for reforming the fraud federal sentencing guidelinesThis lengthy new AP article, headlined "Sentencing Changes Sought for Business Crimes," discusses the on-going push to reform…
International Financial Law Prof Blog
Greek Financial Police Investigate Scam against State Social Security Fund IKA
By David Herzig
According to the Greek Reporter, the financial police have "completed an investigation regarding a scam against the State and social security fund IKA, resulting in damages to the tune of 12.8 million euros. Suspects…
Sentencing Law and Policy
Can wine fraudster reasonably whine that his sentence was not reduced given wealth of victims?
Main August 10, 2014Can wine fraudster reasonably whine that his sentence was not reduced given wealth of victims?The question in the title of this post is prompted by this intriguing…
Corporate & Financial Weekly Digest
SEC Brings Fraud Charges Against Oil and Gas Company and Its CEO
On August 4, the Securities and Exchange Commission instituted cease-and-desist proceedings against Houston American Energy Corp., an oil and gas exploration and production company, and John F. Terwilliger, its CEO,…
Gender and the Law Prof Blog
Ben McJunkin’s “Deconstructing Rape by Fraud”
By John Kang
Ben McJunkin has uploaded "Deconstructingn Rape by Fraud," in the Columbia J. of Gender and Law. The abstract reads: In this Article, I critically examine the role of normative masculinity in…
International Financial Law Prof Blog
Law Firm’s $1.2 Billion Ponzi Scheme Victims Expected to Receive 100% Restitution
Authorities, Rothstein Trustee Reach Agreement To Divide $50 Million In Forfeited Assets (PonziTracker July 15, 2014) Victims of Scott Rothstein's $1.2 billion Ponzi scheme, whose law firm RRA was forced into bankruptcy after…
International Financial Law Prof Blog
Did the Tchenguiz brothers cause the collapse of a European country’s financial system?
UPDATE 2-UK fraud agency settles $500 mln Tchenguiz damages claim, Reuters, 31 July 2014. "Property barons Robert and Vincent Tchenguiz, renowned for their champagne-fuelled parties and super yachts, sued the agency…
International Financial Law Prof Blog
$1.27 billion damage order to Bank of America for Countrywide fraud
By David Herzig
The Washington Post reports that a "federal judge on Wednesday ordered Bank of America to pay $1.27 billion in damages over thousands of defective mortgages sold by its Countrywide Financial unit,…