Germany-based Wirecard is once again facing allegations of accounting fraud by the Financial Times (FT). The FT reported this week that its review of internal company spreadsheets and correspondence within Wirecard’s financial team casts “further doubt” on Wirecard accounting practices, alleging that the documents “appear...
Boston-based General Electric (GE) is defending itself against accounting fraud alleged by the same whistleblower who called out Bernard Madoff’s Ponzi scheme, Reuters reported on Monday (Aug. 19). Fraud investigators are accusing GE of failing to set aside funds to offset $29 billion in potential...
Payment company Allied Wallet and its owner, Ahmad Khawaja, as well as two officers, Mohammad Diab and Amy Rountree, have settled with the Federal Trade Commission (FTC) over allegations of knowingly processing fraudulent transactions related to scams, the FTC reported on Tuesday (May 21). Allied...
Swedbank’s CEO has admitted to making some mistakes when handling money laundering allegations against the bank. Last month it was revealed that Estonia’s investigation of money laundering involving Danske Bank was widening to include Swedbank after a Swedish TV show said it found evidence that 40...
July 30, 2020
Apple Inc. is facing another antitrust complaint. Telegram, the cloud-based messaging app with more than 400 million users, said that in 2016, Apple restricted the messaging app from launching a gaming platform on the grounds that it violated App Store rules, the Financial Times reported. Pavel Durov, the app’s London-based co-founder, filed a grievance with Margrethe […]
August 19, 2019
Boston-based General Electric (GE) is defending itself against accounting fraud alleged by the same whistleblower who called out Bernard Madoff’s Ponzi scheme, Reuters reported on Monday (Aug. 19). Fraud investigators...
May 21, 2019
Payment company Allied Wallet and its owner, Ahmad Khawaja, as well as two officers, Mohammad Diab and Amy Rountree, have settled with the Federal Trade Commission (FTC) over allegations of...
March 06, 2019
Swedbank’s CEO has admitted to making some mistakes when handling money laundering allegations against the bank. Last month it was revealed that Estonia’s investigation of money laundering involving Danske Bank was...
