China is cracking down on fraud and corruption. Frequent fraudster GSK didn’t take this change in attitude seriously. The result, as highlighted by the New York Times, was a takedown of epic proportions.

| GSK, Fraud, China

State Street Bank and Trust has agreed to pay $530 million to settle charges it cheated several government bodies when pricing foreign exchange transactions.  The case was first brought to the attention of the government by a group headed by Harry Markopolos, who first alerted the SEC about massive financial irregularities associated with Bernie Madoff.

 
Top Cases | Foreign Exchange, State Street, Fraud, FCA, Whistleblower

The team of fraud-fighters assembled by U.S. Attorney Preet Bharara in the Southern District of New York continues to rack up the victories.

Investigation | SDNY, Preet Bharara, Fraud, US Attorney

The ‘Big Four’ accounting firms rake in a combined total of over $100 billion dollars a year, and are supposed to give the public some confidence that the companies being audited are not involved in chicanery.

Needless to say, that’s not always true.  In fact, sometimes the Big Four accounting firms are part of the problem,

Top Cases | Accounting, Audit, FCA, Fraud

This Week in Fraud is a peek into the world of whistleblowing and incentivized integrity programs. Each week we highlight important case settlements, industry developments, and general points of interest. Take a moment and see what is happening this week in fraud. 

FCA | Eric Havian, Rachel Louise Ensign, SEC Whistleblower Office, Fraud, Standard & Poors