Top 12 Tax Scams: IRS’ Dirty Dozen for 2013
The IRS is onto these fraudsters, from sophisticated computer scammers to opportunists posting fliers on church bulletin boards.
Obama Nominates Perez for Labor Secretary
President Barack Obama on Monday nominated Tom Perez, head of the Justice Department’s Civil Rights Division, as the next Labor secretary.
Top 10 Tax Cheats: the Big, the Bad & the Weird
From the infamous Al Capone to our top choice (you won’t believe what job he held before his conviction), these 10 learned the lesson the hard way—and some learned it repeatedly.
S&P Lawsuit Raises Questions About Feds’ Motivations
Questions are being raised as to why only S&P is targeted in the suit, since it could be said that Fitch and Moody’s assigned inflated ratings as well.
S&P Expects Federal Lawsuit Over Mortgage Ratings
The U.S. government is expected to file civil charges against S&P, alleging that it fraudulently gave high ratings to mortgage debt that later plunged in value and helped fuel the 2008 financial crisis.
A Broker Who Broke Bad
Serving nearly 400 days in federal prison wasn’t what Justin M. Paperny had in mind when he became a stockbroker fresh out of the University of Southern California, psychology degree in hand.
SEC Enforcement Roundup: BP to Pay Third Largest Penalty in SEC History
As part of the $4.5 billion settlement with the U.S., BP admitted to misleading investors about the rate of the oil flow in the Deepwater Horizon disaster in the Gulf of Mexico in 2010.
BP to Pay $4.5 Billion in Gulf Spill; SEC Levies Huge Penalty
British oil company BP agreed Thursday to pay $4.5 billion to the U.S. in fines and other charges, including $525 million to the SEC–the third largest penalty ever assessed by the SEC–over the oil spill in the Gulf of Mexico.
SEC, DOJ Release Foreign Corrupt Practices Act Guide
The Securities and Exchange Commission and the Department of Justice released Wednesday A Resource Guide to the U.S. Foreign Corrupt Practices Act, a 120-page guide providing a detailed analysis of the U.S. Foreign Corrupt Practices Act and closely examines the SEC and DOJ approach to FCPA enforcement.
Barclays Fined Record $470M on Energy Trades
Barclays was hit with a record $469.9 million fine by the Federal Energy Regulatory Commission, which also fined four of its former traders for manipulating energy rates in the western U.S. from late 2006 to 2008.