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Germany seeks arrest of Briton in carbon trading scam

FRANKFURT (Reuters) - Frankfurt prosecutors on Thursday sought the arrest of a British national in connection with suspected tax fraud worth 58 million euros ($80 million), widening a carbon trading probe that has also drawn in Deutsche Bank. Authorities issued an international arrest warrant for Faisal Zahoor Ahmad, 33, saying that as general manager of a Munich-based company called Roter Stern GmbH, he evaded taxes through trading European Union carbon emission certificates.

Japan teens collared $4 million through swindles

Three teenagers believed to be behind scams which raised $4 million are being quizzed by Japanese police, reports said Thursday. The trio, all 17, are thought to have been responsible for a rash of frauds across the country in which they have conned mostly elderly people into parting with large sums of money, reports citing police sources said. The crimes, known as "It's me" fraud, involve telephoning victims and pretending to be a family member -- for example, a son -- who is in some kind of trouble, perhaps involving debt or lawyers.

Debt settlement firm pleads guilty in first CFPB referral

By Joseph Ax and Nate Raymond NEW YORK (Reuters) - A debt settlement company and its operator on Tuesday pleaded guilty in New York to conspiracy charges of mail and wire fraud, capping the first criminal case referred to U.S. prosecutors by the Consumer Financial Protection Bureau.

New York judge unseals guilty pleas in Dewey law firm fraud

By Karen Freifeld NEW YORK (Reuters) - A New York judge on Friday unsealed the records of six former Dewey & LeBoeuf employees who pleaded guilty in connection with accounting fraud at the law firm. The records offer a fresh peek into the government's case against top executives at the defunct elite international law firm and how key witnesses might testify against them.

Ex-Dewey finance director admits accounting was false

By Karen Freifeld NEW YORK (Reuters) - Dewey & LeBoeuf's ex-finance director pleaded guilty to grand larceny last month and admitted he knew false financial statements were being provided to the firm's lenders, according to court documents unsealed on Thursday. Francis Canellas, 34, faces anywhere between no jail time and five to 15 years, the documents showed, for his role in the accounting fraud at Dewey & LeBoeuf, which became the largest U.S. law firm collapse when it went bankrupt in May 2012.

Six charged in Ontario after feds allegedly defrauded of more than $200M

TORONTO - Six Ontario residents are facing charges after RCMP say the federal taxman was allegedly defrauded of upwards of $200 million in a bogus investment scheme that stretched across the country. Police say their investigation began in April, 2012 when they received information about people involved in a possible "tax avoidance scheme." The Mounties say they have identified 493 people who participated in the alleged scheme between 2009 and 2012, and that individual investments ranged between $1,000 and $300,000.

Ex-Sentinel CEO found guilty over $500 million fraud

By Jonathan Stempel (Reuters) - The former chief executive officer of Sentinel Management Group Inc was found guilty on Tuesday of defrauding customers out of more than $500 million before the suburban Chicago firm collapsed in August 2007, federal prosecutors said.

Madoff trustee sees victims' payout nearing $6 billion

By Jonathan Stempel NEW YORK (Reuters) - Former customers of Bernard Madoff will have recouped nearly $6 billion of their money if a federal bankruptcy judge approves the latest payout request by the trustee liquidating the swindler's firm. The trustee, New York lawyer Irving Picard, on Tuesday said he is seeking approval to pay out $349 million to fraud victims with 1,080 accounts, with payments ranging from $496 to $77.3 million.

Largest-ever U.S. tax-fraud phone scam targets thousands: IRS watchdog

WASHINGTON (Reuters) - Thousands of Americans nationwide have been targeted since August by a phone scam in which fraudsters claim to be from the U.S. Internal Revenue Service and demand money for unpaid taxes, said the IRS' watchdog on Thursday. The Treasury Inspector General for Tax Administration (TIGTA) said it has received more than 20,000 complaints from people, including recent immigrants, about the scam. Thousands of victims have collectively paid more than $1 million to the scammers, TIGTA said.

U.S. TV pitchman Trudeau sentenced to 10 years in prison

CHICAGO (Reuters) - U.S. TV pitchman Kevin Trudeau, who was convicted last year of criminal contempt for exaggerating the contents of his weight-loss books in infomercials, was sentenced on Monday to 10 years in federal prison by a federal judge. Trudeau also was sentenced to five years supervised release by U.S. District Judge Ronald Guzman in Chicago. (Reporting by Mary Wisniewski; Editing by Scott Malone)
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