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Afren notifies Serious Fraud Office

2015-03-23 14:03:17| BBC News | Business | UK Edition

Oil producer Afren has notified the Serious Fraud Office after a review of its compliance procedures found concerns over expenses payments.

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Auto dealer among 4 guilty in fraud scheme involving luxury car loans

2015-03-21 10:31:55| Auto Dealers - Topix.net

A Chicago-area auto dealer and three other people have been convicted in a $1.6 million scheme involving dozens of fraudulent loans for luxury cars. Chicago resident Precious W. House, 47, was convicted of five counts of bank fraud Friday during a jury trial before U.S. District Judge Andrea R. Wood, according to a statement from the U.S. Attorney's office.

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FCA bans Rabobank trader over fraud

2015-03-17 17:31:53| BBC News | Business | UK Edition

A former senior trader at Rabobank is banned from working in the City following a US criminal conviction for interest rate-rigging.

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Obama administration releases new measures to prevent seafood fraud

2015-03-17 01:00:00| Food Processing Technology

The Obama administration has announced new measures to prevent mislabelling of seafood and black-market fishing.

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4 Serra Nissan employees plead guilty to loan fraud conspiracy

2015-03-16 20:10:26| Auto Dealers - Topix.net

Four former Serra Nissan employees charged in connection with a conspiracy at the Birmingham car dealership to fraudulently boost loan approvals and car sales pleaded guilty last Wednesday in federal court, announced U.S. Attorney Joyce White Vance, IRS Criminal Investigation Special Agent in Charge Veronica Hyman-Pillot and FBI Special Agent in Charge Roger C. Stanton. D. Scott Burton, 36, of Odenville; Michael J. Wilkinson, 56, of Moody; Terry W. Henderson, 39, of Pleasant Grove; and Roland W. Riley, 28, of Birmingham; entered their pleas before U.S. District Judge Virginia Emerson Hopkins.

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