crime

Volkswagen: Winterkorn out, Mueller in

Andreas Cremer, Reuters
September 22, 2015
Volkswagen will dismiss Chief Executive Martin Winterkorn, a German newspaper said on Tuesday, after the carmaker admitted to cheating U.S. vehicles emissions tests and said 11 million of its cars could be affected worldwide.

"I didn't do it," says London trader Sarao

Sudip Kar-Gupta, Reuters
May 6, 2015
The British trader fighting extradition continues to deny involvement in the flash crash of 2010.

"Flash crash Mary" can't meet bail

Michael Holden, Reuters
April 28, 2015
Navinder Sarao, the British trader accused of helping provoke the 2010 Wall Street "flash crash," is due to appear in a London court on Wednesday after failing to raise the bail needed to secure his release from custody, a court official said.

Justice delayed...

Douwe Miedema and Ann Saphir, Reuters
April 23, 2015
The five years it took regulators to bring high-profile charges against a UK trader underscore how hard it is to spot wrongdoing in fast-developing markets, and may herald problems in detecting future mishaps.

See no evil

Thomas Atkins, Reuters
April 23, 2015
Deutsche Bank said none of its management board members had been found to have been involved in or aware of efforts by dozens of its staff to manipulate benchmark interest rates like Libor over a seven year period.

DB fined $2.5 billion in rate manipulation scheme

Kirstin Ridley and Karen Freifeld, Reuters
April 23, 2015
U.S. and British regulators fined Deutsche Bank $2.5 billion and its British subsidiary plead guilty to criminal wire fraud on Thursday as it became the eighth financial group to settle allegations of rigging interest rate benchmarks.

U.K. trader arrested in flash crash probe: is he the one?

Michael Holden, Reuters
April 22, 2015
A trader has been arrested for allegedly holding an illegal role during the Wall Street flash crash five years ago. If convicted, he would face a long prison sentence.

UK HFT trader charged with role in sparking 2010 "flash crash"

Douwe Miedema and Lindsay Dunsmuir, Reuters
April 21, 2015
A high-frequency trader in the United Kingdom has been criminally charged with manipulating the futures market and helping spark the infamous May 2010 "flash crash," the Justice Department said.

What will thugs do when a thug life doesn't pay?

Megan McArdle, Bloomberg
July 14, 2014
I had dinner a few weeks ago with crime policy expert Mark Kleiman, who pointed out something I hadn’t realized: stealing cars is getting a lot harder.

Libor scandal prompts U.K. Labour to demand economic-crime law

Kitty Donaldson
October 2, 2012
The U.K.’s opposition Labour Party demanded new economic-crime law to help prevent future financial scandals such as the manipulation of the benchmark Libor rate.