Daily Archives: July 20, 2018, 9:15 am

SEC Charges Business Associate with Aiding and Abetting Accounting Fraud At Information Technology Company, Resolves Charges Against CFO Who Committed Underlying Accounting Fraud

According to the SEC’s complaint, Dandawate aided and abetted a fraud perpetrated by Quadrant 4 System Corp. (“QFOR”), Nandu Thondavadi, and Dhru Desai by falsely claiming in bank documents that he controlled ten entities that were, in reality, controlled by QFOR, Thondavadi, and Desai, and by allowing QFOR to use those bank accounts for various fraudulent purposes. The complaint also…

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Senior bankers sentenced to more than 13 years for rigging EURIBOR rate – Serious Fraud Office

Today Christian Bittar and Phillipe Moryoussef were sentenced to a total of 13 years, 4 months’ imprisonment at Southwark Crown Court for manipulating the Euro Interbank Offered Rate (EURIBOR) at the height of the financial crisis. Bittar (46), former Principal Trader (Managing Director) at Deutsche Bank and Moryoussef (50), formerly of Barclays Bank conspired together to submit false or misleading…

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