|
TOP NEWS
By Eddie Beaver
An exiled businessman suspected of offering unregulated debt counseling has been handed a 12-month prison sentence for deliberately breaching restrictions on his assets by spending $84,000 on luxury items, travel and hotels.
|
By Sophia Dourou
A developer convicted for running a £226 million ($299 million) Ponzi scheme denied treating overseas properties bought with his victims' money as his "pension fund" as he gave evidence in court Thursday.
|
By Eddie Beaver
A London appeals court on Thursday upheld an asset freeze against a man accused of defrauding Ricardo Salinas Pliego out of more than $415 million, finding no reason to doubt the Mexican billionaire is "exceedingly wealthy" and able to compensate the other side if he ultimately loses his claim.
|
ENFORCEMENT
By Jamie Lennox
The Football Association said Thursday that an independent panel has cleared West Ham United player Lucas Paquetá of four spot-fixing charges linked to allegations that he had deliberately received yellow cards in four Premier League matches.
|
Brief
By Lucia Osborne-Crowley
European prosecutors and Italian police have seized assets worth €486,000 ($556,000) from several companies and individuals accused of fraud and money laundering, with prosecutors alleging that they provided false documentation to obtain subsidies.
|
LITIGATION
By William Janes
A Russian subsidiary of EuroChem lost its fight Thursday to force European banks to pay out on €212 million ($242 million) worth of bonds, after a court ruled that the payouts are blocked because the Swiss agricultural chemicals company is owned by a sanctioned oligarch.
|
By Lauren Berg
Yahoo says a Chubb subsidiary is obligated to cover regulatory fines that might be leveled against one of the tech company's subsidiaries for violating the European Union's data privacy law, but the insurer has refused to honor the policy, according to a lawsuit filed this week in Delaware.
Complaint attached |
|
COMPLIANCE
By Alex Davidson
The Financial Conduct Authority said Thursday that some companies are designing digital loan application processes badly, slowing decision-making and excluding cost information that consumers need.
|
By Jamie Lennox
The solicitors' watchdog warned law firms Thursday that they must tell prospective clients about possible cost-free ways to pursue their motor finance commission claims before agreeing to act on a case for a fee.
|
|
