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US regulators have charged a former senior Bank of America investment banker with insider trading, accusing him of tipping a longtime friend about a pending merger that netted illegal profits of $18.5 million.
The son of a Philippine municipal mayor has been placed on the FBI's Most Wanted Fraudsters list for allegedly orchestrating a US$650 million investment scheme that victimized approximately 2,000 investors.
Malaysia's Court of Appeal has upheld a RM169.2mil asset freeze against businessman Ricky Wong and his company, rejecting their appeals against a High Court injunction. The freeze relates to alleged securities fraud under capital markets laws.