Word: defrauder
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Attempts to defraud the U.S. government in a sale of military jet engines to Israel wound up costing General Electric $69 million. In a Cincinnati federal court, GE's aircraft-engine division settled civil and criminal charges of conspiring with an Israeli air force general to bill the Pentagon for fictitious parts and testing equipment. A GE manager stationed in Israel between 1984 and 1989 blew the whistle on his employer two years...
Kevin and Ian Maxwell, sons and business associates of the late publishing czar Robert Maxwell, had trouble enough already. Kevin was indicted for conspiracy to defraud banks and for stealing from the pension funds of his father's employees, while Ian was hit for bank fraud. Now a British court has assessed Kevin $778 million in damages for his actions as a director of the firm that managed the funds. Ian's penalty is pending...
...Saudi royal family, on charges of fraud. Other targets of a criminal grand jury led by Morgenthau include intimates of the royal families of Saudi Arabia and the United Arab Republic. Mahfouz, a principal shareholder in B.C.C.I., was charged with involvement in a billion-dollar scheme to defraud investors and deceive U.S. banking regulators. His bank is suspected of participating in B.C.C.I.'s financial manipulations that led to the disappearance of more than $10 billion. The sheik, however, claims that he actually lost vast amounts of money through B.C.C.I. and was thus himself a victim. Through a spokesman, he professed...
...early-morning sweeps, London police arrested Kevin and Ian Maxwell, sons of disgraced tycoon Robert Maxwell, and his former financial adviser, Larry Trachtenberg. The three face a total of 15 charges of theft and conspiracy to defraud involving $260 million ((pounds)140 million), some from pension funds. The alleged offenses took place in the months before and just after Maxwell's death...
...lawsuits by investors and government regulators, including the Federal Deposit Insurance Corporation. Accountants' financial liability in S&L cases could exceed $9 billion, not counting compensatory damages. Last week Ernst & Young agreed to pay $63 million to settle claims that its negligence helped S&L honcho Charles Keating Jr. defraud some 23,000 investors in Lincoln Savings & Loan. The settlement came two weeks after the largest U.S. accounting firm, Arthur Andersen, paid $22 million for fraud claims arising from the same S&L collapse...