Results tagged “fraud”

A Beckton man has been sentenced to two years in prison for his part in an internet scam which enticed its victims to part with millions of pounds.

Michael Ugboaja, of Mitchell Walk, was sentenced at Inner London Crown Court yesterday, for laundering over £470,000 scammed from victims all over the world.

A Clifford Chance worker who stole thousands of pounds from the law firm over a two year period, spending the proceeds on expensive clothes and holidays, has been jailed.

Jodie Groom, 33, of Taylifers in Harlow, Essex, initially accused Kay Flanagan, a fellow secretary at the Canary Wharf company who committed suicide last year, for the theft.

The Financial Services Authority is warning over 38,000 people they are the targets of share fraudsters.

The FSA has recovered a master list of 38,242 names and addresses, used by fraudsters who contact people out of the blue to offer them worthless shares.

Bank of America is facing fraud charges for "duping shareholders and the federal government" over its merger with Merrill Lynch.

New York attorney general Andrew Cuomo announced this morning that he was filing a lawsuit against the bank, its former CEO Kenneth Lewis and CFO Joseph Price seeking "monetary relief and injunctions".