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fraud

February 9, 2022

The US department of justice has arrested startup founder Ilya Lichtenstein and his wife Heather Morgan for attempting to launder $4.5 billion in bitcoin. What does the unprecedented hack mean for the future safety of cryptocurrency and how can such fraud be avoided in the future?

The US department of justice has arrested startup founder Ilya Lichtenstein and his wife Heather Morgan for attempting to launder $4.5 billion in bitcoin. What does the unprecedented hack mean for the future safety of cryptocurrency and how can such fraud be avoided in the future?

November 2, 2021

Fraud thrives in times of crisis and the Covid-19 pandemic has proven to be no exception. Factors such as supply chain issues, workforce constraints and the withdrawal of the furlough scheme in the United Kingdom in September 2021 is putting further pressure on employees and management alike.

Fraud thrives in times of crisis and the Covid-19 pandemic has proven to be no exception. Factors such as supply chain issues, workforce constraints and the withdrawal of the furlough scheme in the United Kingdom in September 2021 is putting further pressure on employees and management alike.

March 2, 2021

Bethany McLean, journalist and author of several books about businesses gone wrong, is the guest in the latest episode of Ruffer Radio.

Bethany McLean, journalist and author of several books about businesses gone wrong, is the guest in the latest episode of Ruffer Radio.

McLean specialises in casting light on the shadier corners of the financial world, renowned for her exposé of the Enron scandal in the early 2000s.

October 23, 2018

The management of risk is essential to the human experience. For families who may be targets for attempted fraud, extortion or, in extreme cases, personal security risks such as kidnapping, mitigation begins with consciousness of the risks and having the right underlying protections in place.

The management of risk is essential to the human experience. We do it every day, to greater and lesser degrees; planning travel, investing in businesses, crossing the road. Most of our essential life decisions involve at least a degree of risk and while these can be managed, they can rarely be eliminated entirely.

For families who may be targets for attempted fraud, extortion or, in extreme cases, personal security risks such as kidnapping, mitigation begins with consciousness of the risks and having the right underlying protections in place.

March 7, 2016

A longtime employee of Michigan family office EDP Management Company has agreed to plead guilty to swindling its matriarch out of $16 million through money laundering and wire fraud.

A longtime employee of Michigan family office EDP Management Company has agreed to plead guilty to swindling its matriarch out of $16 million through money laundering and wire fraud.

Robert Allen Haveman was charged with two felonies at the US District Court in Grand Rapids and faces a 20-year sentence on the fraud charge and 10 years for the money laundering charge.

Haveman, who had worked for EDP since 1999, has signed a plea agreement to plead guilty to the charges.

May 22, 2015

A man who conned a family office investment adviser out of $11 million of client money for Facebook shares has been convicted of wire fraud and money laundering in a California court.

A man who conned a family office investment adviser out of $11 million of client money for Facebook shares has been convicted of wire fraud and money laundering in a California court.

Troy Stratos, 49, convinced Tim Burns, head of ESG Family Services, that he had access to Facebook shares ahead of its 2012 IPO.

Burns, who left Morgan Stanley in 2005 to set up his company, is currently awaiting sentencing in a separate fraud case taking place in Pennsylvania.

November 15, 2013

The billionaire owner and president of one of Serbia’s most profitable companies, Delta Holdings, has gone on trial this week, alongside his son and nine others, for fraud and tax evasion.

The billionaire owner and president of one of Serbia’s most profitable companies, Delta Holdings, has gone on trial this week, alongside his son and nine others, for fraud and tax evasion.

Miroslav Miskovic, 68, is accused of siphoning millions of euros from a now bankrupt road repair company between 2005 and 2010. He faces 10 years in prison if found guilty.

According to Reuters, Miskovic told the court he was not guilty at the first day of his trial on Thursday, along with his son, Marko.

August 16, 2013

The US Securities and Exchange Commission has barred a former media baron from holding a directorship in any US company following his conviction for fraud.
 

The US Securities and Exchange Commission has barred a former media baron from holding a directorship in any US company following his conviction for fraud.

The decision against Canadian-born Conrad Black, the former chief executive of the now-defunct Hollinger International, was announced yesterday.

He must also pay $4.1 million (€3.1 million) compensation to Chicago Newspaper Liquidation Corp – a company formed of many of Hollinger's divested assets.

August 15, 2013

The fraudulent actions of Taiwanese family business Rebar Group have landed five next-gens with prison sentences, while their father remains on the run.

The fraudulent actions of Taiwanese family business Rebar Group have landed five next-gens with prison sentences, while their father remains on the run.

On Wednesday, Taiwan’s Supreme Court upheld the verdicts of a lower court, which handed out sentences between five and a half and 30 years to the children of Wang You-theng for violations of the Securities and Exchange Act.

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