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Latest Wall Street Corruption News

Shenzhen's tycoon golf course the latest casualty of China's anti-corruption ...
The Wall Street Journal wrote about the club's quandary earlier this week. China has had a love-hate relationship with golf ever since the Communist Revolution. More recently the sport has been targeted as part of Xi Jinping's anti-corruption campaign ...
Read more on AsiaOne

Corruption Currents: Cisco Denies Trying to Dodge Sanctions
Wall Street Journal. Reuters. A daily roundup of corruption news from across the Web. We also provide a daily ... The Federal Reserve Bank of St. Louis confirmed hackers had successfully attacked the bank. (NY Times). Hacked Sony Corp. emails reveal ...
Read more on Wall Street Journal (blog)

Chile's Bachelet: Crack Down on Corruption Needed
Chile's President Michelle Bachelet said Thursday her administration will push ahead with contested legislative changes, even as her government's popularity fades in the face of weak consumer and business confidence, and allegations of political ...
Read more on Wall Street Journal

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Latest Market Manipulation News

Citi may end up pleading guilty to currency market manipulation
HSBC already paid $ 343 million (£220 million), JPMorgan $ 352 million (£226 million), the Royal Bank of Scotland $ 344 million (£220 million) and UBS $ 371 million (£238 million) to settle currency market manipulation allegations with the same regulators.
Read more on Business Insider

Hong Kong's SFC vows to crack down on market manipulation amid rally
Securities and Futures Commission chairman Carlson Tong Ka-shing has vowed to crack down on potential market manipulation after several small plays exhibited very unusual share price movements in the recent market rally. Tong said the regulator had a ...
Read more on South China Morning Post (subscription)

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Latest Hedge Fund Corruption News

Weston man gets 30 months for M hedge fund fraud scheme
WESTON -- A Weston resident and former managing partner and principal of Ridgefield-based hedge fund, New Stream Capital has been sentenced to prison for engaging in a fraud scheme. Bart Gutekunst, 63, was sentenced in New Haven on May 6 by ...
Read more on Thehour.com

When .6 Billion Just Isn't Enough
One big reason - to make sure efforts are blocked to close the carried-interest loophole, assess taxes and fees on helicopter-commuting hedge fund managers doing business in New York, or establish a "Robin Hood" transaction tax on the high-frequency ...
Read more on Huffington Post

Deutsche Bank Pays .5 Billion Fine for Interest Rate Rigging
“The question remains: does the punishment fit the crime?” writes Angela McClellan of Transparency International. “We think not: why allow a company to settle when they fail to cooperate with the investigation? Also, given the gravity of the situation ...
Read more on Center for Research on Globalization

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NY State Senate Leader Dean Skelos, Son Arrested on Corruption Charges

NY State Senate Leader Dean Skelos, Son Arrested on Corruption Charges
New York state Senate Majority Leader Dean Skelos and his son were arrested and charged Monday in a wide-ranging criminal conspiracy to profit from the senator's political power, marking the latest federal corruption allegations to buffet Albany and ...
Read more on Wall Street Journal