General Electric has been targeted in accusations of massive accounting fraud by the whistleblower that called out Bernard Madoff’s Ponzi scheme, reports in CNBC said on Thursday (Aug. 15). According to reports, whistleblower and forensic accountant Harry Markopolos published a report accusing GE of financial...
Deutsche Bank has been implicated in a criminal probe for failing to follow money laundering laws, according to a report by The Financial Times. The report is connected to a whistleblower named Tammy McFadden who was a compliance officer and worked in Jacksonville, Florida for...
California Representative Maxine Waters has written an open letter to employees of the Consumer Financial Protection Bureau (CFPB) and urged them to provide information and assistance from inside the organization, according to reports. “If, in the course of your work, you are a witness to...
Wirecard disclosed Monday (February 4) that based on an investigation by an external law firm it has found no evidence of criminal wrongdoing by any employees. Wirecard tapped Rajah & Tann, the law firm, to handle the inquiry. According to a report in Reuters citing the company,...
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 are accusing GE of failing to set aside funds to offset $29 billion in potential insurance losses and also charge that the company did not […]
June 20, 2019
Deutsche Bank has been implicated in a criminal probe for failing to follow money laundering laws, according to a report by The Financial Times. The report is connected to a...
February 25, 2019
California Representative Maxine Waters has written an open letter to employees of the Consumer Financial Protection Bureau (CFPB) and urged them to provide information and assistance from inside the organization,...
February 04, 2019
Wirecard disclosed Monday (February 4) that based on an investigation by an external law firm it has found no evidence of criminal wrongdoing by any employees. Wirecard tapped Rajah & Tann,...
