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‘Culture of silence’: Germany’s Heraeus accused of ignoring fraud whistleblowers
Probe into €460mn scandal finds industrial group failed to act on warnings from employees for more than a decade.
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Ex-JP Morgan precious metals spoofers get combined $350,000 fine
Consent orders require two former precious metals traders to pay hefty civil penalties and accept industry bans, concluding an enforcement action launched in 2019.
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CFTC secures $18.5m in penalties over silver leasing fraud
The scheme promised more than 60 investors insured vault storage and fixed monthly returns, and left them with $8m in losses.
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FCA Dear CEO letter and AI tools discussed at roundtable
Compliance professionals tackled current challenges at the latest Hedge Funds Global Relay event in London.
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Swiss prosecutors charge Trafigura and former top executive with bribery
Profits from contracts alleged to have been secured corruptly amount to $143.7m.
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Precious metals dealers charged in fraud targeting elderly
The defendants misappropriated most of the customers’ funds and only bought metals for a fraction of the money.
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ESMA warns of risks from investment firms selling unregulated products
The regulator alerts investors about risks and regulatory confusion among firms that offer both regulated and unregulated items.
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Precious metals dealer charged in $61m fraud targeting elderly
Hundreds of investors were tricked into selling retirement funds to invest in a precious metals scheme that included far greater markups than promised.