Fraud

Lawyer for accused 'flash crash' trader calls U.S. extradition request false

The U.S. request to extradite London-based trader Navinder Sarao, accused of helping to spark the 2010 Wall Street "flash crash", is "false and misleading" because it misrepresented the way markets work, his lawyer said on Thursday.Sarao is wanted by U.S. authorities after being charged with 22 criminal counts including wire fraud, commodities fraud, commodity price manipulation and attempted price manipulation.
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German prosecutor to look into 2006 World Cup allegations

Frankfurt's state prosecutor will look into Bribery allegations concerning the 2006 soccer World CUP after a magazine report suggested a slush fund had been used to buy votes for the German bid in 2000, an official said on Monday.
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German prosecutor to look into 2006 World Cup allegations

Frankfurt's state prosecutor will look into Bribery allegations concerning the 2006 soccer World CUP after a magazine report suggested a slush fund had been used to buy votes for the German bid in 2000, an official said on Monday.
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Germany orders recall of 2.4 million Volkswagen cars

Germany ordered Volkswagen (VOWG_p.DE) on Thursday to recall and refit 2.4 million diesel vehicles next year, following the company's admission it rigged emissions tests. Europe's biggest carmaker has said it may have installed software that enabled it to cheat diesel emissions tests on up to 11 million diesel vehicles worldwide.
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Ex-Rabobank traders face first U.S. trial over Libor manipulation

Two former Rabobank [RABO.UL] traders from Britain are set to become the first defendants to face trial in the United States on charges stemming from a global investigation into whether various banks sought to manipulate the interest rate known as Libor.
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Exclusive - FIFA mulls delaying presidential election, calls crisis meeting

fifa is discussing delaying the election for its next president, two sources told Reuters, a move that could give Michel Platini more time to appeal against his ban from the game and then stand to replace departing leader Sepp Blatter.
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U.S. House slams regulators for not catching VW for years

Volkswagen AG's (VOWG_p.DE) U.S. chief executive blamed "individuals" for using software to cheat on diesel emissions at a House hearing on Thursday as lawmakers attacked federal environmental regulators for failing to catch the fraud for years.
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Broker went on nights to help trader Hayes, prosecutor tells London Libor trial

Danny Wilkinson, a former London manager at interdealer broker ICAP, was so keen to help Tom Hayes from his first day as a UBS trader he changed the shifts of broker Darrell Read to allow the two to work together, a prosecutor told London's second Libor trial on Wednesday.
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Ex-Barclays traders facing UK Libor charges may pursue U.S. fee case

Three former Barclays Plc traders facing U.K. charges that they conspired to manipulate Libor may pursue a U.S. lawsuit seeking to force the bank to keep paying their legal fees, a federal judge ruled on Wednesday.U.S. District Judge Lewis Kaplan in Manhattan rejected Barclays' request to dismiss the lawsuit by Alex Pabon, Jay Merchant and Ryan Reich, who worked for the British-based bank in New York.
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Volkswagen readies external inquiry into emissions scandal - source

Senior Volkswagen executives will examine on Wednesday findings from an internal investigation into its rigging of vehicle emission tests and prepare for an external inquiry, a source familiar with the matter told Reuters. The executive committee of The German carmaker's supervisory board will gather on Wednesday evening at its Wolfsburg headquarters to assess the initial results of the internal inquiry into the biggest business-related scandal of its 78-year history, said the source, speaking on condition of anonymity.
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