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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Kyle Brasseur2024-02-21T14:55:00
The U.K. Serious Fraud Office (SFO) carried out several residential raids Wednesday as it announced the launch of a criminal investigation into collapsed property investment firm Signature Group.
The SFO coordinated with the National Crime Agency in arresting four unnamed individuals in connection with the probe, which seeks to determine how Signature Group entered administration with losses of up to 140 million pounds (U.S. $177 million) impacting approximately 1,000 investors across the globe.
“We have people up and down the country left out of pocket and buildings left derelict at the center of our cities,” said SFO Director Nick Ephgrave in an agency press release. “Today’s arrests and searches will help us reconstruct exactly what happened. This is now an active criminal investigation.”
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News and analysis for the well-informed compliance or audit exec.
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2024-03-13T15:47:00Z By Kyle Brasseur
The U.K. Serious Fraud Office announced two raids and three arrests coinciding with the launch of an investigation into collapsed property developer Carlauren Group.
2024-03-11T12:47:00Z By Neil Hodge
When Nick Ephgrave of the Serious Fraud Office said in his maiden speech he favored paying whistleblowers in exchange for information, he might not have been fully aware of the implications, according to legal experts.
2024-02-14T21:21:00Z By Kyle Brasseur
“Under my leadership, the SFO will be bolder, more pragmatic, more proactive,” said Nick Ephgrave in his first public speech as head of the U.K. Serious Fraud Office.
2024-07-26T19:18:00Z By Jeff Dale
RTX Corp., the parent company of Raytheon, disclosed in a public filing it has reserved $1.24 billion to resolve legacy legal matters with the Department of Justice, Securities and Exchange Commission, and Department of State.
2024-07-26T15:51:00Z By Aaron Nicodemus
The U.K. Financial Conduct Authority issued a fine of $4.5 million (3.5 million pounds) against a U.K.-based subsidiary of crypto platform Coinbase for providing services to high-risk customers in violation of FCA rules.
2024-07-26T13:36:00Z By Adrianne Appel
Admera Health agreed to pay more than $5.5 million to resolve allegations first brought by two whistleblowers that it paid kickbacks to third-party contractors, the Department of Justice said.
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