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India’s economic investigation agency, the Enforcement Directorate (ED), informed the Kerala state High Court Monday that the scam at Karuvannur Service Cooperative Bank was orchestrated by leaders of the state’s ruling party, the Communist Party of India (Marxist) (CPI(M)). The affidavit filed by the ED asserts that CPI(M) party committees were involved in maintaining accounts [...]

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A federal jury in Maryland convicted Baltimore’s former top prosecutor Marilyn Mosby on Thursday on perjury charges. The jury found Mosby was guilty of falsifying financial duress claims in order to withdraw funds from a retirement fund. A jury in the US District Court of Maryland convicted Mosby on two federal perjury counts after she [...]

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US prosecutors indicted Senator Bob Menendez (D-NJ) on Thursday for acting as a foreign agent of the Egyptian government. These charges are in addition to previous charges of bribery against Menendez and are related to the same incidents. The indictment alleges that Menendez accepted hundreds of thousands of dollars worth of bribes from Egyptian businessmen [...]

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The US Supreme Court heard oral arguments on Tuesday in a landmark whistleblower case, Murray v. UBS Securities, LLC, in which the court was asked to consider whether publicly traded companies can discriminate against employees who report wrongdoing within the company. Back in 2011, Trevor Murray joined UBS’s commercial mortgage-backed securities department. Adhering to Securities [...]

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US prosecutors unveiled an indictment against Senator Bob Menendez (D-NJ), his wife and three businessmen on Friday, accusing the senator of using his position to aid three businessmen in financial and pending criminal matters, as well as assisting the government of Egypt, in exchange for bribes. Menendez denied the accusations soon after the indictment’s release. [...]

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Aynsley Genga is a JURIST Staff Correspondent in Kenya.  The Supreme Court of Kenya ruled last Friday that denying LGBTQ individuals the right to associate in a registered NGO to advance their collective interest was discriminatory. This came after a 10-year battle that began back in 2013 when the lower court originally denied potential members [...]

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The Consumer Financial Protection Bureau (CFPB) Tuesday ordered Wells Fargo to pay $3.7 billion regarding its “widespread mismanagement” affecting over 16 million consumer accounts. Specifically, Wells Fargo must pay $2 billion to consumers in addition to a $1.7 billion civil penalty which will be put into the CFPB’s Civil Penalty Fund to compensate victims of federal consumer financial [...]

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France’s national financial crime agency Parquet National Financier (PNF) Monday reached a settlement with Credit Suisse to resolve an ongoing probe into accusations of money laundering. PNF began the investigation in 2016 when it suspected Credit Suisse of helping account holders avoid taxes and allowing clients to harbor undeclared, untaxed foreign bank accounts. The Swiss [...]

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