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U.S. judge says Rio Tinto must face SEC fraud case

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NEW YORK (Reuters) – A U.S. judge on Monday rejected Rio Tinto Plc’s bid to dismiss a Securities and Exchange Commission lawsuit accusing the Anglo-Australian mining company of civil fraud in its handling of a failed investment in a Mozambique coal project. FILE PHOTO: A sign adorns the building where mining company Rio Tinto has Read More

U.S. judge says SEC may pursue Rio Tinto fraud case

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FILE PHOTO: A sign adorns the building where mining company Rio Tinto has their office in Perth, Western Australia, November 19, 2015. REUTERS/David Gray/File Photo NEW YORK (Reuters) – A U.S. judge on Monday rejected Rio Tinto Plc’s bid to dismiss a Securities and Exchange Commission lawsuit accusing the Anglo-Australian mining company of civil fraud Read More

Massive college admission scandal is all about widening US inequality gap – lawyer to Boom Bust

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The college admissions scam recently making headlines clearly shows that there are “two Americas,” with one of them only for the rich, a lawyer for civil justice and consumer rights at Public Citizen told RT. Earlier this week, the Department of Justice revealed that dozens of people were involved in a fraud to help students Read More

PwC to pay $335 million over failed audits of Alabama's Colonial Bank: U.S. regulator

3 days ago DieselGasoil Comments Off on PwC to pay $335 million over failed audits of Alabama's Colonial Bank: U.S. regulator
FILE PHOTO: The exterior of PricewaterhouseCoopers (PWC) is seen in Washington, DC, U.S. December 6, 2017. REUTERS/Mike Stone WASHINGTON (Reuters) – A top U.S. banking regulator said on Friday that PricewaterhouseCoopers will pay $335 million to settle claims of “professional negligence,” after saying the auditor should have identified problems leading to the 2009 collapse of Read More

Cash cow? After paying billions in fines Volkswagen accused by US stock regulator of ‘massive fraud’

3 days ago DieselGasoil Comments Off on Cash cow? After paying billions in fines Volkswagen accused by US stock regulator of ‘massive fraud’
The US Securities and Exchange Commission (SEC) has filed a complaint against Volkswagen (VW), accusing the German automating giant and its former CEO Martin Winterkorn of defrauding US investors by cheating on emissions tests. The commission is charging the world’s second biggest car manufacturer of “reaping hundreds of millions of dollars in benefit by issuing Read More

SEC sues Volkswagen, ex-CEO over alleged emissions fraud on investors

3 days ago DieselGasoil Comments Off on SEC sues Volkswagen, ex-CEO over alleged emissions fraud on investors
WASHINGTON/FRANKFURT (Reuters) – The U.S. Securities and Exchange Commission (SEC) is suing Volkswagen (VW) and its former chief executive Martin Winterkorn over the German automaker’s diesel (gasoil) emissions scandal, alleging a “massive fraud” on U.S. investors. A Volkswagen logo is seen on a new car model at the 89th Geneva International Motor Show in Geneva, Read More

Engineers develop cheap, simple tests for car emissions

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DUEBENDORF, Switzerland (Reuters) – Engineers working to tackle carcinogenic pollution from cars have developed cheap and simple devices to test the effectiveness of particle filters, which could help take toxic vehicles off roads without resorting to blanket bans. Cars pass a sign alerting about fine particulates on a busy street in downtown Stuttgart, Germany, February Read More

SEC sues Volkswagen, Winterkorn over 'Dieselgate'

4 days ago DieselGasoil Comments Off on SEC sues Volkswagen, Winterkorn over 'Dieselgate'
WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission sued Volkswagen AG and its former chief executive Martin Winterkorn over the German automaker’s diesel (gasoil) emissions scandal late Thursday, accusing the company of perpetrating a “massive fraud” on U.S. investors. A Volkswagen logo is seen on a new car model at the 89th Geneva International Read More

Huawei CFO wanted to quit job just before arrest, says founder

4 days ago DieselGasoil Comments Off on Huawei CFO wanted to quit job just before arrest, says founder
OTTAWA (Reuters) – Huawei Technologies Co Ltd’s Chief Financial Officer Meng Wanzhou had been looking for another job when she was arrested in Canada last December on a U.S. warrant, the firm’s founder said in an interview aired on Thursday. FILE PHOTO: Huawei Technologies Co Chief Financial Officer Meng Wanzhou arrives back at home after Read More

TPG Rise founder leaves firm in wake of U.S. college admissions scandal

4 days ago DieselGasoil Comments Off on TPG Rise founder leaves firm in wake of U.S. college admissions scandal
NEW YORK (Reuters) – TPG Capital said on Thursday it had fired senior executive Bill McGlashan after he was charged in connection with a U.S. college fraud scheme that has ensnared Hollywood celebrities and corporate elite. A plaque is pictured at University of Southern California in Los Angeles, California, U.S., March 13, 2019. REUTERS/Mario Anzuoni Read More