Bribery, Fraud & Tax Evasion
The U.S. government is investigating Citadel, a Chicago-based hedge firm and market maker that manages some $25 billion in client money, for allegedly giving smaller investors a bad deal. The Department of Justice wants to know if the firm is taking advantage of the complexity of high-speed trading.
Hundreds of pages of recently unsealed court records detail how kickbacks shaped the war's largest troop support contract months before the first wave of U.S. soldiers plunged their boots into Iraqi sand.
A growing group of chain-store corporations that cater to America's poor with cheap goods are classifying workers as managers. By categorizing employees as salaried managers these dollar stores avoid paying overtime wages that the Fair Labor Standards Act mandates for hourly workers.
European Union regulators plan to fine Bayer and Chemtura this week for fixing prices of rubber chemicals, according to four people with firsthand knowledge of the investigation.
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The $2.9 billion plant that bankrupt U.S. energy giant Enron built was a technological breakthrough and still represents the largest single foreign investment in India. But since shutting down almost four years ago, it has proven more of an embarrassment than a showcase.
The Government Accountability Project (GAP) today released the Vaughn Report, commissioned by the World Bank as a guide to modernize the Bank's whistleblower protection policies. In the nine months since the Vaughn report was released on April 30, 2005, the World Bank has refused to publicly release the report, consult staff on Vaughn's recommendations, or accept any offers from experts to help implement Vaughn's analysis.