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US announces 10 indictments in international fraud scheme – Yahoo7 News

By Jonathan Stempel and Carolyn Cohn

U.S. charges 10 in alleged global stock fraud involving a Picasso

U.S. charges 10 in alleged global stock fraud involving a Picasso

NEW YORK/LONDON (Reuters) – The U.S. Department of Justice on Friday unveiled criminal charges against 10 defendants, including London-based brokerage Beaufort Securities Ltd, over their alleged roles in a more than $50 million stock fraud and a laundering scheme involving a late work by Pablo Picasso.
Prosecutors in Brooklyn, New York, said Beaufort and two of its managers, Peter Kyriacou and Vinesh Canaye, defrauded investors from March 2014 to February 2018 by hiding their ownership in and manipulating prices of U.S. stocks, including through “pump-and-dump” …

Read the full article at: http://au.news.yahoo.com/a/39380679/u-s-announces-10-indictments-in-international-fraud-scheme/

Category: BankruptcyBy Insolvency GuardianMarch 2, 2018

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US announces 10 indictments in international fraud scheme – Yahoo7 News

NEW YORK (Reuters) – The U.S. Department of Justice on Friday announced the indictment of six people and four corporate defendants, including London-based brokerage Beaufort Securities Ltd, over their alleged roles in international securities fraud and money laundering schemes totaling more than $50 million.

U.S. announces 10 indictments in international fraud scheme

U.S. announces 10 indictments in international fraud scheme

The U.S. Securities and Exchange Commission also announced securities fraud charges against Beaufort and one of its investment managers, Peter Kyriacou, over alleged manipulative trading in shares of HD View 360 Inc <HDVW.PK>, a provider of security surveillance systems.

Separately, the UK Financial Co…

Read the full article at: https://au.news.yahoo.com/a/39380679/u-s-announces-10-indictments-in-international-fraud-scheme/

Category: BankruptcyBy Insolvency GuardianMarch 2, 2018

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PreviousPrevious post:US announces 10 indictments in international fraud scheme – Business InsiderNextNext post:FCA declares troubled DFM Beaufort Securities insolvent – Citywire – Citywire.co.uk

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