Credit Suisse
- 🚩 Credit Suisse is accused of mismarking their security positions, assist residents in evading sanctions, conspire with Americans to file false tax returns, wire fraud, violating the Foreign Corrupt Practices Act, hire private detectives to investigate leaving senior executives, allowing drug traffickers to launder money, destruction of evidence, and more. To several of these they pleaded guilty or settled.
- Sources: en.wikipedia.org
Categories: finance
Danske Bank
- 🚩 Danske Bank / its Estonian branch is accused of possibly the largest money laundering scandal in Europe, as well as assisting customers in evading US sanctions by giving them access to the US financial system, to which they pleaded guilty
- Sources: en.wikipedia.org, www.justice.gov
Categories: finance
Goldman Sachs
- 🚩 Goldman Sachs was accused of artificially shortening the supply of Aluminium by shuffling it between warehouses and telling their customers that the retrieval takes long because of a shortage of forklift operators and administrative overhead. They agreed on a settlement to a class action lawsuit.
- Sources: topclassactions.com, web.archive.org (archived New York Times article)
Categories: finance
Tether Limited
- 🚩 Tether Limited is accussed of falsely claiming that "every tether is always backed 1-to-1, by traditional currency held in our reserves", whereas as much as 26% of the reserves were other assets and receivables from loans made by Tether to third parties
- Sources: www.cftc.gov (PDF download), en.wikipedia.org
Categories: finance