The European Commission fined five banks more than $1 billion Thursday, including Citigroup and JPMorgan, for participating in collusion activities involving 11 currencies and two cartels in the Spot Foreign Exchange market. The commission penalized Citigroup, JPMorgan, Barclays and the Royal Bank of Scotland for taking part in the Forex-Three Way Banana Split cartel. Barclays, […]
Global FBI Sting Arrests 20 in Israel of Fraud, Extortion, Money Laundering…
Suspects allegedly impersonated top executives of firms in US, France, Poland and India, and tricked lower-level staff into transferring them huge sums of company money. Israel Police arrested 20 people this week in conjunction with a global FBI sting against an international crime ring that has allegedly scammed tens of millions of dollars from individuals […]