July 15th, 2009 
Before You Invest 
(Bloomberg) — Julian Tzolov, the fugitive former Credit Suisse Group AG broker who was charged with bail jumping, has been arrested, Assistant Brooklyn U.S. Attorney Daniel Spector said in a letter to court filed today. Authorities in Marbella, Spain have taken Tzolov into custody following an international manhunt after he disappeared in New York in May.
Tzolov, who’s accused of fraudulently selling clients subprime mortgages linked to auction-rate securities, was declared a fugitive in June.
Posted in Finance Fraud 
Tags: Apartment, Authorities, Bloomberg, Brooklyn, Bulgaria, Count Indictment, Credit Suisse, Credit Suisse Group, Daniel Spector, Department Of Justice, Electronic Monitoring, Eric Butler, Group Ag, Illegal Scheme, Julian, Kennedy Airport, Manhunt, Marbella Spain, Mortgages, Prosecutors, Wire Fraud 
No Comments » July 2nd, 2009 Before You Invest More than $100 million in assets held by Texan financier Allen Stanford at a number of financial institutions in London have been seized by British financial investigators.
Mr Stanford is expected to hear today (June 30th) if he can be freed on bail ahead of his trial.
Posted in Finance Fraud Tags: 100 Million, Certificates Of Deposit, Defence Attorney, Department Of Justice, Dick Deguerin, Financial Institutions, Financial Investigators, Financier, Flight Risk, Fraud Scheme, Investment Fraud, Obstruction Of Justice, Prosecutor, Restraining Order, Serious Fraud Office, Stanford, Uk Investigators, Us Department Of Justice, Wall Street, Wall Street Journal No Comments » June 5th, 2009 Before You Invest Insurance company Aviva USA and online merchant Batteries.com have reported data breaches and possible identity theft in recent filings with the New Hampshire Department of Justice.
Aviva said in a legal notice dated May 28th that malware discovered on one of its computers was responsible for the theft of customer information, including Social Security numbers (SSN), names and addresses.
Posted in Data Breach, Finance Fraud Tags: Aviva, Batteries, Credit Card Accounts, Credit Card Information, Customer Information, Data Breach, Data Breaches, Department Letters, Department Of Justice, Hampshire Residents, Handful, Identity Theft Insurance, Insurance Company, Insurance Coverage, Names And Addresses, New Hampshire Department, Security Breach, Social Security, Social Security Numbers, Unauthorized Use No Comments » April 8th, 2009 Before You Invest Switzerland’s Money Laundering Reporting Office (MLRO) received a record number of suspicious activity reports related to money laundering from the country’s banking sector last year, according to reports.
The federal department of justice and police (FDJP) said the combined value of assets covered by the reports also hit a record high, doubling from 2007 to hit $1.65 billion.
In total, the MLRO received 851 suspicious activity reports during 2008, up from 795 the year before.
The banking sector accounted for 67 per cent of the warnings, the FDJP noted.
Fraud and in particular investment fraud accounted for the majority of reports, with 38.5 per cent of the total, while another 9.5 per cent of suspicious activity was linked to bribery.
The FDJP said that in most of these cases, the corruption was taking place abroad, with money then deposited into Swiss accounts.
Switzerland was recently included on the Organisation for Economic Cooperation and Development’s ‘grey list’ of territories that do not comply with international standards on sharing tax information.
The country denies being a tax haven.
Posted in Finance Fraud Tags: Assets, Banks Report, Bribery, Corruption, Department Of Justice, Economic Cooperation, Federal Police, Grey List, Investment Fraud, Money Laundering, Organisation For Economic Cooperation And Development, Reporting Office, Suspicious Activity Reports, Suspicious Transactions, Swiss Accounts, Swiss Banks, Switzerland, Tax Haven, Tax Information No Comments » February 19th, 2009 Before You Invest In a significant break from Switzerland’s tradition of banking secrecy, UBS AG has agreed to turn over to the U.S. government the names of about 250 account holders and pay a $780 million fine as part of a deal to settle a U.S. criminal probe, the Department of Justice said.
Posted in Finance Fraud Tags: Bank Offshore, Banking Secrecy, Criminal Probe, Deferred Prosecution Agreement, Department Of Justice, Depositors, Names, Offshore Private Banking, Private Banking Services, Prosecutors, Risk, Swiss Bank, Switzerland, Tax Evasion, Tradition, Ubs, Ubs Ag, Veil, Wealthy Americans Comments Off January 16th, 2009 Before You Invest Pharmaceutical giant Eli Lilly & Company (“Lilly”) will pay federal and state governments more than $1.4 billion to remedy a wide-ranging, off-label marketing scheme for its prescription drug, Zyprexa(R). This settlement is the largest qui tam settlement in the history of the False Claims Act. Stephen A.
Posted in Finance Fraud Tags: American Government, Antipsychotic Drug, Civil Penalties, Class Action Lawyer, Criminal Charges, Department Of Justice, Drug Allegations, Drug Marketing, Eastern District Of Pennsylvania, Eli Lilly, False Claims Act, Lilly Company, Marketing Practices, Mass Tort, Pharmaceutical Giant, Proper Channels, Sheller, State Governments, Worldwide Sales, Zyprexa Comments Off
