There are “tremendous shortcomings” in the ethics enforcement regimes of US states, according to the author of a new report by the Coalition for Integrity, an anti-corruption nonprofit.
A lawyer from Staten Island was handed a four-year sentence on Sept.9 for running a scrap-metal fraud that he tried to conceal by enlisting a blind panhandler to be president of a fraudulent shell company.
US President Donald Trump announced today that national security advisor John Bolton would be leaving the White House, tweeting that he “disagreed strongly” with many of Bolton’s views.
The Big Four accounting firms bungled 31% of the most recent US audits analyzed by their quasi-governmental watchdog, the Public Company Accounting Oversight Board (PCAOB). Yet despite the abysmal findings, the oversight board—which the US government empowers to police the audit firms—has rarely taken action against them.
A Russian citizen was arrested in Italy last week for allegedly orchestrating a five-year scheme to steal General Electric’s trade secrets—and claim they belonged to the Russian state, according to the Southern District of Ohio US Attorney’s Office.
Between 2014 and 2017, Walmart “improperly avoided” up to $2.6 billion in US taxes through an elaborate tax dodge involving a “fictitious” Chinese entity, according to documents authored by a former Walmart executive and reviewed by Quartz.
Walmart, the world’s largest company, “improperly avoided” up to $2.6 billion in US taxes through an elaborate tax dodge involving a “fictitious” Chinese entity, according to documents authored by a former Walmart executive and reviewed by Quartz.
The UK parliament today voted to delay Brexit until at least Jan. 31. The country had been on track to crash out of the EU on Oct. 31, unless a new deal could be reached before then.
Hordes of Britons have taken to the streets to protest prime minister Boris Johnson’s decision to suspend Parliament. A heavyweight Conservative MP, on the other hand, has decided a “humble address” to the Queen is the way to go.
The public outrage over bailouts of giant companies during the 2008 financial crisis may have actually forced elites to share some of the burden, as governments hiked tax rates on the rich, according to a new paper.
Shocked by the scale of a €200 billion ($221 billion) money-laundering scandal involving Denmark’s Danske Bank, the European Commission put together a punchy “blacklist” of allegedly dodgy jurisdictions in February, naming four US overseas territories and Saudi Arabia.
In 2011, Britain’s House of Lords accused accounting firm PwC of “disturbing” complacency (pdf) in failing to flag elements of Northern Rock’s “dangerously risky business model” when it was the bank’s auditor as it teetered during the global financial crisis.
In the wake of the Enron and WorldCom scandals that exposed mass failures by the firms’ accountants, Congress passed a 2002 law forcing auditors to call out significant flaws in their clients’ internal controls.
Malaysian law enforcement filed criminal charges today against 17 former and current Goldman Sachs executives, for the bank’s alleged role in the misappropriation of $4.5 billion from Malaysia’s state development fund, known as 1MDB. Attorney general Tommy Thomas said his department will seek prison sentences and fines against the accused, who include Goldman Sachs International CEO Richard Gnodde and two former vice chairs of Goldman Sachs Group, one of whom, Michael Evans, is now president of Alibaba.
Sir Bob Geldof is famously keen for Western governments to give aid to Africa. The world discovered this week, however, that he’s less keen on actually paying taxes to those African governments himself.
Two US businessmen made more than $15 million over five years by allegedly scamming “elderly and unsophisticated” pensioners through an elaborate pump-and-dump scheme that stretched from Florida to Switzerland to Colombia, according to the FBI and SEC.
Without knowing it, you’ve probably flown on an airplane owned by Aircastle Limited.
Sir Bob Geldof doesn’t take kindly to questions about his tax arrangements.
By 2013, Sequoia Capital, one of America’s most vaunted venture capital firms, had invested $1.2 billion in more than 75 Indian companies with combined revenue of more than $3.5 billion, the company wrote that year in a draft memo to potential investors.
Southern Africa is not exactly big business for Esri, the world’s leading GIS mapping technology company.
A trove of some 200,000 leaked documents belonging to offshore law firm Conyers Dill & Pearman—known collectively as the Mauritius Leaks—have shone a light on the contortions corporate giants go through to avoid paying taxes on money earned in some of the world’s poorest countries.
After three years in court, accounting giant Deloitte and others agreed last night to pay $234.6 million for allegedly enabling a giant Ponzi scheme run by now-defunct Aequitas Capital Management between 2010 and 2016.
British MPs overwhelmingly voted to liberalize Northern Ireland’s abortion and gay marriage laws today, meaning both are now legal across the British Isles.
The body representing America’s lawyers has staked out an eye-opening position in recent years—lobbying against efforts in Congress to close a loophole that enables terrorism, human trafficking, money laundering, and a host of other crimes.
