Business Crime: Director charged with using company's assets as security for personal loan
Neil James Duckworth was Director and Secretary of Ocean Key Holdings Ltd. It is alleged that the company borrowed more than AUD830,000 which Duckworth then took from the company for his personal use.
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Simon Finnigan, formerly a director of three Australian companies, has pleaded guilty to using companies to defraud individuals who thought they were joining investment schemes.
Business Crime: senior officer pleads guilty to USD1 m embezzlementLisa Sackie, 47, of Solvang, California, has entered a guilty pleas to mail fraud charges arising from her embezzlement of USD1.1 million from Santa Barbara Bay Foods, the U.S. Attorney and FBI s...
Bribery: USA penalties for UK company DiageoThe USA's SEC has fined UK head-quartered drinks company Diageo in relation its accounting relating to to a series of breaches of the Foreign Corrupt Practices Act.
Business Crime: Dealing with Politically Exposed Persons (PEPs)Dealing with politically exposed persons is already a hot potato and it is set to become hotter as financial institutions and regulators digest the recent report from the UK's Financial Services...
Business Crime: Federal Court in Florida orders defendants to pay more than USD17 Million for Committing FraudA US Federal Court in Florida has ordered the payment of a penalty of more than USD17 million due to alleged fraud by a company and its officers. But there is one vital point: this was not a crim...
Market Abuse: Sydney Company Director appears on market manipulation chargesMr Hoong Kee Tang, a former director of Wintech Group Limited, which is in administration, has been arrested and charged with market manipulation and making false or misleading statements in docu...
