An Italian law firm has lost its appeal against a British High Court ruling that it was under a duty to warn investors over a failed property scheme that is now under investigation for allegedly being a money-laundering vehicle for the mafia and IRA.
US rapper DMX, facing 44 years jail for a massive tax fraud, has been ordered to check into a rehabilitation facility to seek treatment after violating bail conditions.
The US Securities and Exchange Commission (SEC) has charged an adviser with defrauding a professional athlete and his wife by deceiving them about the advisory fees they were paying and making up a person to testify to his goodwill.
The Italian trial of a Jerseyman at the centre of Australia’s biggest ever tax evasion scandal that ensnared Crocodile Dundee star Paul Hogan has collapsed.
The former managing director of defunct Jersey-based IFA firm Lumiere Wealth, Chris Byrne, will likely stand trial in summer 2018 for, among other things, fraud and knowingly making misleading or deceptive promises to clients.
The US Securities and Exchange Commission has charged two men and an accomplice with defrauding $15m (£11.6m, €12.7m) from more than 150 investors in a scam that promised high returns from an oil drilling investment opportunity.
Investors in collapsed Costa Rican tree investment group Ethical Forestry have been urged to make claims for compensation on the grounds that their original investment could have been mis-sold.
The Securities and Exchange Commission has filed charges against a businessman accused of using investor funds intended to develop products to detect cancer and other diseases to pay personal expenses and fund his fiancée’s restaurant.
Brazilian football star Neymar has been cleared of any criminal charges in a long-running tax evasion case in Brazil, with the judge citing a “lack of just cause”.
A former financial adviser in the UK has been found guilty of forging his clients’ signatures on investment documents following a 10-week trial at Derby Crown Court.
Ponzi schemes remain rife in China because of financial naivety and a collective desire for unfeasibly high returns, an academic at the Renmin University of China in Beijing has said.
The Jerseyman allegedly at the centre of Australia’s biggest ever tax evasion scandal, that included Crocodile Dundee star Paul Hogan among its victims, is fighting attempts to extradite him from Italy to face charges down under.
